GRAND FORKS DEVELOPMENT FOUNDATION (EIN 456016823) - 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

1967

Legal Domicile

Principal Officer

KEITH LUND

Phone

7017462720

Tax Period

2023-01-01 to 2023-12-31

GRAND FORKS DEVELOPMENT FOUNDATION, founded in 1967, is a micro nonprofit that reported $10K in total revenue in fiscal year 2023. Revenue surged 60756% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8K, a strong 86% operating margin.

Mission

PROMOTE ECONOMIC GROWTH IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING COMMUNITIES THROUGH THE ATTRACTION OF NEW INDUSTRIES AND EXPANSION OF CURRENT BUSINESSES.

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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 $0

Investment Income $0

Other Revenue $9,737

TOTAL REVENUE $9,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,320

TOTAL EXPENSES $1,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,737	$16	+607.6%
Expenses	$1,320	$65,947	-1.0%
Net Income	$8,417	$-65,931	-1.1%

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

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

$219,032

Total Directors

$219,032

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN GADDIE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN ONCKEN	CHAIR	1.00	Officer Director	$0	$0	$0
KEITH LUND	SEC/TREAS	1.00	Officer Director	$0	$39,032	$219,032

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	$9,737	$1,320	$296,179	$8,417
2022	$16	$65,947	$287,762	$-65,931
2021	$5,210	$251,480	$603,693	$-246,270
2020	$4,986	$1,490	$599,963	$3,496
2019	$5,054	$859	$596,467	$4,195
2018	$290	$845	$592,272	$-555

GRAND FORKS DEVELOPMENT FOUNDATION