TWO HARBORS DEVELOPMENT FUND INC (EIN 452892768) - 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

1986

Legal Domicile

Principal Officer

DARRIN YOUNG

Phone

2188343300

Tax Period

2024-01-01 to 2024-12-31

TWO HARBORS DEVELOPMENT FUND INC, founded in 1986, is a micro nonprofit in the Public & Societal Benefit sector that reported $32K in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 74% operating margin.

Mission

TO PROMOTE THE ECONOMIC DEVELOPMENT WITHIN AND SURROUNDING THE CITY OF TWO HARBORS BY PROVIDING LOANS OR OTHER FINANCIAL AID TO BUSINESSES WHICH ARE NOT ABLE TO OBTAIN ADEQUATE FINANCING THROUGH OTHER MEANS.

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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 $0

Program Service Revenue $32,424

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,413

Other Expenses $8,413

TOTAL EXPENSES $8,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,424	$16,923	+0.9%
Expenses	$8,413	$21,854	-0.6%
Net Income	$24,011	$-4,931	-5.9%

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

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
JON CHAPEK	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BOB JOHANSEN	SECRETARY	N/A	Officer Director	$0	$0	$0
JENNIFER MILLER	TREASURER	N/A	Officer Director	$0	$0	$0
DARRIN YOUNG	PRESIDENT	N/A	Officer 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	$32,424	$8,413	$926,453	$24,011
2023	$16,923	$21,854	$902,442	$-4,931
2022	$9,937	$5,463	$907,373	$4,474
2021	$43,537	$8,418	$902,899	$35,119
2020	$24,720	$15,552	$895,431	$9,168

TWO HARBORS DEVELOPMENT FUND INC