Kenmare Community Development Corporation # 2 (EIN 450433205) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

Jamie Livingston

Phone

7013854287

Tax Period

2024-01-01 to 2024-12-31

Kenmare Community Development Corporation # 2, founded in 1998, is a micro nonprofit in the Community Improvement sector that reported $146K in total revenue in fiscal year 2024.

Mission

Promote Economic Development Distribute funds and provide assistance for economic development. Seek businesses to relocate to the area, help existing businesses maintain.

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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 $83,302

Program Service Revenue $0

Investment Income $210

Other Revenue $-229,764

TOTAL REVENUE $-146,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,755

Other Expenses $58,755

TOTAL EXPENSES $58,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-146,252	$-1,680	+86.1%
Expenses	$58,755	$17,973	+2.3%
Net Income	$-205,007	$-19,653	+9.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terry Froseth	President	2.00	Officer Director	$0	$0	$0
Jonathan Essler	Secretary	1.00	Officer Director	$0	$0	$0
Emmy Handeland	Director	1.00	Director	$0	$0	$0
Jamie Livingston	Treasurer	2.00	Officer Director	$0	$0	$0
Arlen Gartner	Director	1.00	Director	$0	$0	$0
Troy Hedberg	Director	1.00	Director	$0	$0	$0
Scot Ness	Director	1.00	Director	$0	$0	$0
Rick Harris	Director	1.00	Director	$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	$-146,252	$58,755	$4,663,160	$-205,007
2023	$-1,680	$17,973	$4,911,749	$-19,653
2022	$-130,907	$37,565	$4,973,391	$-168,472
2021	$54,241	$19,485	$5,193,855	$34,756
2020	$-42,032	$8,910	$5,117,925	$-50,942
2019	$-115,960	$17,636	$5,214,458	$-133,596
2018	$-53,367	$35,172	$5,342,657	$-88,539

Kenmare Community Development Corporation # 2