CENTERVILLE DEVELOPMENT CORPORATION (EIN 460315601) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

LAURA HYBERTSON

Phone

6055632302

Tax Period

2023-01-01 to 2023-12-31

CENTERVILLE DEVELOPMENT CORPORATION, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2018. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 3% surplus.

Mission

1. PROMOTE, SUPPORT AND ENCOURAGE THE GROWTH AND DEVELOPMENT OF BUSINESS IN CENTERVILLE. 2. IMPROVE THE QUALITY OF AFFORDABLE HOUSING FOR THE CITIZENS OF CENTERVILLE. 3. IDENTIFY, RECRUIT AN TRAIN FUTURE LEADERS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,279

Program Service Revenue $26,269

Investment Income $169,559

Other Revenue $0

TOTAL REVENUE $210,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,849

Other Expenses $186,364

TOTAL EXPENSES $186,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,107	$131,416	+0.6%
Expenses	$186,364	$186,469	0.0%
Net Income	$23,743	$-55,053	-1.4%

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
ADAM CARLSON	DIRECTOR	5.00	Director	$0	$0	$0
LAURA HYBERTSON	TREASURER	5.00	Officer Director	$0	$0	$0
JEN KNUDSON	SECRETARY	5.00	Officer Director	$0	$0	$0
JACKIE KREBS	DIRECTOR	5.00	Director	$0	$0	$0
JOHN LIMOGES	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
BRAD PREHEIM	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRANDON REIF	DIRECTOR	5.00	Director	$0	$0	$0
TODD RIST	DIRECTOR	5.00	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	$210,107	$186,364	$7,278,674	$23,743
2022	$131,416	$186,469	$6,946,401	$-55,053
2021	$181,542	$103,794	$6,048,506	$77,748
2020	$161,617	$93,740	$5,679,488	$67,877
2019	$431,753	$141,008	$5,292,973	$290,745
2018	$1,432,088	$1,386,150	$5,002,228	$45,938

CENTERVILLE DEVELOPMENT CORPORATION