JAMESTOWNSTUTSMAN DEVELOPMENT CORPORATION

EIN: 450424540

JAMESTOWN, ND

Total Revenue
$1,666,216
Total Expenses
$906,206
Total Assets
$18,191,581
Net Assets
$9,169,048
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
ND
Principal Officer
JEREMY RHAM
Phone
7012526861
Tax Period
2025-01-01 to 2025-12-31

JAMESTOWNSTUTSMAN DEVELOPMENT CORPORATION, founded in 1991, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2025. The organization ran a surplus of $760K, a strong 46% operating margin.

Mission

IN CONCERT WITH THE CITY OF JAMESTOWN AND STUTSMAN COUNTY AND UTILIZING THEIR SUPPLIED FUNDNG, JSDC IS DEDICATED TO AREA ECONOMIC DEVELOPMENT GROWTH AND DIVERSIFICATION WITH SPECIFIC FOCUS ON INCREASING AND/OR PRESERVING PRIMARY SECTOR JOBS, BUSINESS AND INDUSTRIAL DEVELOPMENT, CREATING, FOSTERING, AND MAINTAINING BUSINESS AND TRADE ACTIVITIES, ENCOURAGING AND PROVIDING INCENTIVES FOR BUSINESS ENTREPRENEURS TO LOCATE/RELOCATE TO OUR COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $681,123 Revenue: $16,695

ATTRACT NEW BUSINESS AND INDUSTRY AND SUPPORT EXISTING BUSINESS AND INDUSTRY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,375,081
Program Service Revenue $22,277
Investment Income $-81,155
Other Revenue $350,013
TOTAL REVENUE $1,666,216

Expense Breakdown

Grants Paid $246,870
Salaries & Benefits $347,063
Fundraising Expenses $0
Program Expenses $681,123
Other Expenses $312,273
TOTAL EXPENSES $906,206

Year-over-Year Comparison

2025 2024 Change
Revenue $1,666,216 $1,626,939 +0.0%
Expenses $906,206 $1,891,466 -0.5%
Net Income $760,010 $-264,527 -3.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID STEELE DIRECTOR 1.00
Director
$0 $0 $0
LEVI TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
DWAINE HEINRICH DIRECTOR 1.00
Director
$0 $0 $0
JEN DOCKTER DIRECTOR 1.00
Director
$0 $0 $0
AMANDA HASTINGS DIRECTOR 1.00
Director
$0 $0 $0
DUSTIN JENSEN DIRECTOR 1.00
Director
$0 $0 $0
MIKE DELFS DIRECTOR 1.00
Director
$0 $0 $0
BEN STEINOLFSON DIRECTOR 1.00
Director
$0 $0 $0
TORY HART PAST PRESIDENT 1.00
Officer
$0 $0 $0
JEREMY RHAM PRESIDENT 1.00
Officer
$0 $0 $0
CASEY HENDERSON VICE PRESIDENT 1.00
Officer
$0 $0 $0
TONYA PERKINS SECRETARY - TREASURER 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,666,216 $906,206 $18,191,581 $760,010
2024 $1,626,939 $1,891,466 $16,969,826 $-264,527
2023 $2,172,301 $2,515,274 $16,366,314 $-342,973
2022 $1,962,069 $1,005,171 $16,492,618 $956,898
2021 $2,044,737 $1,279,491 $14,818,717 $765,246
2020 $643,361 $781,926 $13,709,684 $-138,565
2019 $827,047 $796,998 $13,321,637 $30,049
2018 $1,032,010 $984,442 $11,904,541 $47,568
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