LENNOX AREA DEVELOPMENT CORP (EIN 460340992) - 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

Legal Domicile

Principal Officer

BRIAN ZIRPEL

Phone

6056472666

Tax Period

2023-01-01 to 2023-12-31

LENNOX AREA DEVELOPMENT CORP is a small nonprofit that reported $148K in total revenue in fiscal year 2018. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $68K, a strong 46% operating margin.

Mission

LENNOX AREA DEVELOPMENT CORP WAS ORGANIZED FOR THE DEVELOPMENT OF THE CITY OF LENNOX SOUTH DAKOTA

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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 $60,000

Program Service Revenue $5,101

Investment Income $14,190

Other Revenue $0

TOTAL REVENUE $79,291

Expense Breakdown

Grants Paid $125,406

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,711

Other Expenses $64,504

TOTAL EXPENSES $189,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,291	$9,472	+7.4%
Expenses	$189,910	$77,250	+1.5%
Net Income	$-110,619	$-67,778	+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

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
RANDY DUMP	DIRECTOR	N/A	Director	$0	$0	$0
ROB HUBER	DIRECTOR	N/A	Director	$0	$0	$0
SHARESE IHNEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
ANDREW KUYPER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOHN LANG	SECRETARY	N/A	Officer Director	$0	$0	$0
WAYNE PETERSEN	DIRECTOR	N/A	Director	$0	$0	$0
DAN SEVERSON	DIRECTOR	N/A	Director	$0	$0	$0
TODD SHUMAN	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN ZIRPEL	TREASURER	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	No data	No data	No data	No data
2023	$79,291	$189,910	$908,197	$-110,619
2022	$9,472	$77,250	$1,018,816	$-67,778
2021	$728,027	$237,824	$1,086,594	$490,203
2020	$91,852	$6,855	$596,391	$84,997
2019	$1,254,116	$1,238,945	$511,394	$15,171
2018	$147,642	$80,120	$1,235,276	$67,522

LENNOX AREA DEVELOPMENT CORP