HARTFORD AREA DEVELOPMENT FOUNDATION (EIN 460354618) - 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

1979

Legal Domicile

Principal Officer

ERIC BARTMANN

Phone

6055283338

Tax Period

2025-01-01 to 2025-12-31

HARTFORD AREA DEVELOPMENT FOUNDATIO, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $463K in total revenue in fiscal year 2020. Revenue surged 636% from the prior year, signaling strong growth momentum. The organization ran a surplus of $222K, a strong 48% operating margin.

Mission

PROMOTE THE GROWTH OF THE CITY OF HARTFORD, SD

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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 (2025)

Revenue Breakdown

Contributions & Grants $72,644

Program Service Revenue $0

Investment Income $5,037

Other Revenue $44,531

TOTAL REVENUE $122,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,950

Fundraising Expenses $0

Program Expenses $261,994

Other Expenses $271,889

TOTAL EXPENSES $283,839

Year-over-Year Comparison

	2025	2024	Change
Revenue	$122,212	$699,628	-0.8%
Expenses	$283,839	$263,212	+0.1%
Net Income	$-161,627	$436,416	-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

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
AMY FARR	DIRECTOR	1.00	Officer Director	$0	$0	$0
ERIC KNIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH MILLER	SECRETARY	1.00	Director	$0	$0	$0
JEFF ZACHARIAS	VICE PRESIDENT	1.00	Director	$0	$0	$0
ERIC BARTMANN	PRESIDENT	1.00	Officer	$0	$0	$0
BLAIR BATHKE	TREASURER	1.00	Officer	$0	$0	$0
DAVID LARSON	BOARD MEMBER	1.00	Officer	$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
2025	$122,212	$283,839	$5,998,888	$-161,627
2024	$699,628	$263,212	$5,983,258	$436,416
2023	$749,982	$245,110	$6,162,760	$504,872
2022	$2,132,975	$96,221	$4,718,628	$2,036,754
2021	$403,092	$74,449	$581,874	$328,643
2020	$463,226	$241,380	$253,635	$221,846

HARTFORD AREA DEVELOPMENT FOUNDATION