GREATER ST CLOUD DEVELOPMENT CORPORATION (EIN 452050341) - 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

2011

Legal Domicile

Principal Officer

MIKE BLAIR

Phone

3202590300

Tax Period

2023-01-01 to 2023-12-31

GREATER ST CLOUD DEVELOPMENT CORPORATION, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.0M left a modest 10% surplus.

Mission

TO LEAD INCLUSIVE & EQUITABLE ECONOMIC DEVELOPMENT FOR THE BENEFIT OF THE GREATER ST CLOUD COMMUNITY

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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 $1,030,185

Program Service Revenue $49,000

Investment Income $6,118

Other Revenue $27,093

TOTAL REVENUE $1,112,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,219

Fundraising Expenses $21,965

Program Expenses $800,188

Other Expenses $562,015

TOTAL EXPENSES $1,000,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,112,396	$1,413,626	-0.2%
Expenses	$1,000,234	$1,130,152	-0.1%
Net Income	$112,162	$283,474	-0.6%

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

175

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

$155,617

Total Directors

$155,617

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BLAIR	TREASURER	3.00	Officer Director	$0	$0	$0
HEATHER PIEPER OLSON	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
PAUL PFEIFFER	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL FABER	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
DR KENNETH HOLMEN	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
JOHN TORGERSON	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
PATTI GARTLAND	PAST PRESIDENT	50.00	Officer Director	$74,643	$2,214	$76,857
RON BRANDENBURG	SECRETARY	3.00	Officer Director	$0	$0	$0
JEFF GAU	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
MIKE MARKMAN	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
JOAN SCHATZ	CHAIR	10.00	Officer Director	$0	$0	$0
DR ROBBYN WACKER	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
PAT EDEBURN	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
STEFANIE BROWN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
LORI KLOOS	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
MIKE GOHMAN	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BRUESS	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
BRAD BERGSTROM	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
BUDDY KING	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
DAVE MEYER	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
NETIA BAUMAN	PRESIDENT	50.00	Officer Director	$77,635	$1,125	$78,760
AYAN OMAR	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
CLARE RICHARDS	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
DANNY LANE	AT-LARGE DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$1,112,396	$1,000,234	$1,290,931	$112,162
2022	$1,413,626	$1,130,152	$1,353,759	$283,474
2021	$950,775	$1,010,207	$1,036,284	$-59,432
2020	$1,267,124	$1,157,992	$878,528	$109,132
2019	$945,991	$1,102,286	$761,626	$-156,295
2018	$1,037,292	$1,187,700	$804,307	$-150,408

GREATER ST CLOUD DEVELOPMENT CORPORATION