TRI-COUNTY REGIONAL DEVELOPMENT CO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

FRAN ZERR

Phone

7015771358

Tax Period

2024-01-01 to 2024-12-31

TRI-COUNTY REGIONAL DEVELOPMENT COUNCIL, founded in 1993, is a small nonprofit that reported $340K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TRI-COUNTY REGIONAL DEVELOPMENT COUNCIL WAS ORGANIZED TO ENHANCE COMMUNITIES AND ECONOMIC DEVELOPMENT EFFORTS IN THE DISTRICT BY SUPPORTING AND COORDINATING ACTIVITIES WITH OTHER ORGANIZATIONS, AGENCIES, AND INDIVIDUALS DIRECTED TOWARDS THE POSITIVE, COOPERATIVE, LONG TERM DEVELOPMENT OF THE DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $244,261 Revenue: $87,926

COMPREHENSIVE REGIONAL PLANNING AND GRANTS ADMINISTRATION FOR A THREE COUNTY REGION. PROVIDE COMMUNITY AND ECONOMIC DEVELOPMENT AND OTHER TECHNICAL ASSISTANCE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $245,875

Program Service Revenue $93,629

Investment Income $496

Other Revenue $0

TOTAL REVENUE $340,000

Expense Breakdown

Grants Paid $36,950

Salaries & Benefits $268,887

Fundraising Expenses $0

Program Expenses $244,261

Other Expenses $42,883

TOTAL EXPENSES $348,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,000	$307,173	+0.1%
Expenses	$348,720	$417,039	-0.2%
Net Income	$-8,720	$-109,866	-0.9%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

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

$126,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVERETTE ENNO	EXECUTIVE DI	40.00	Officer	$121,261	$5,367	$126,628
FRAN ZERR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TATE CYMBALUK	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
PAT HATLESTAD	SECR/TREAS	1.00	Director	$0	$0	$0
DR BERNELL HIRNING	DIRECTOR	1.00	Director	$0	$0	$0
DONALD ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BEAU ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOEL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LITTEN	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DUANE RABBE JR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
JAY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP RIELY	DIRECTOR	1.00	Director	$0	$0	$0
KENT PEDERSEN	DIRECTOR	1.00	Director	$0	$0	$0
CYRENA WEEKS	EXECUTIVE DI	N/A	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
2024	$340,000	$348,720	$198,635	$-8,720
2023	$307,173	$417,039	$228,077	$-109,866
2022	$430,530	$427,921	$329,318	$2,609
2021	$315,688	$366,186	$329,317	$-50,498
2020	$340,254	$253,422	$378,016	$86,832

TRI-COUNTY REGIONAL DEVELOPMENT COUNCIL