Region V Community Development Corporation (EIN 450435966) - 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

1994

Legal Domicile

Principal Officer

Brandon Kjelden

Phone

7012322452

Tax Period

2023-01-01 to 2023-12-31

Region V Community Development Corporation, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $664K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $152K, a strong 23% operating margin.

Mission

Planning, developing, owning, and managing affordable housing projects in southeastern ND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $582,487

Investment Income $81,127

Other Revenue $0

TOTAL REVENUE $663,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,307

Fundraising Expenses $0

Program Expenses $476,507

Other Expenses $493,073

TOTAL EXPENSES $511,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$663,614	$573,178	+0.2%
Expenses	$511,380	$437,796	+0.2%
Net Income	$152,234	$135,382	+0.1%

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

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

$145,394

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raymon Nelson	President	0.30	Officer Director	$0	$0	$0
Cheri Jahner	Vice President	0.10	Officer Director	$0	$0	$0
Vicki Groven	Secretary/Treasurer	0.10	Officer Director	$0	$0	$0
Sheryl Dagman	Director	0.10	Director	$0	$0	$0
Wade Anderson	Director (Until Aug 23)	0.10	Director	$0	$0	$0
Brandon Kjelden	Executive Director	4.00	Officer	$0	$38,560	$145,394

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	No data	No data	No data	No data
2023	$663,614	$511,380	$8,432,447	$152,234
2022	$573,178	$437,796	$7,180,362	$135,382
2021	$680,437	$511,177	$6,633,842	$169,260
2020	$534,902	$477,506	$6,558,913	$57,396
2019	$497,297	$707,019	$6,546,980	$-209,722
2018	$362,588	$517,377	$6,704,632	$-154,789

Region V Community Development Corporation