PIERRE ECONOMIC DEVELOPMENT CORPORATION (EIN 460371993) - 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

1983

Legal Domicile

Principal Officer

JIM PROTEXTER

Phone

6052246610

Tax Period

2024-01-01 to 2024-12-31

PIERRE ECONOMIC DEVELOPMENT CORPORATION is a small nonprofit that reported $454K in total revenue in fiscal year 2018. The organization ran a surplus of $189K, a strong 42% operating margin.

Mission

ORGANIZATION WAS DEVELOPED TO PROMOTE NEW BUSINESSES IN THE AREA BY HOLDING DEVELOPED LOTS FOR RENT AND TO ASSIST BUSINESSES IN OBTAINING LOANS TO BEGIN OR CONTINUE OPERATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $764,027

Program Service Revenue $3,363

Investment Income $17,280

Other Revenue $23,643

TOTAL REVENUE $808,313

Expense Breakdown

Grants Paid $228,913

Salaries & Benefits $134,510

Fundraising Expenses $0

Other Expenses $106,043

TOTAL EXPENSES $469,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$808,313	$322,634	+1.5%
Expenses	$469,466	$285,243	+0.6%
Net Income	$338,847	$37,391	+8.1%

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

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

$121,103

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM PROTEXTER	CHIEF OPERATING OFFICER	40.00	Key Emp	$121,103	$0	$121,103
MARY LEHECKA-NELSON	CHAIR	1.00	Officer Director	$0	$0	$0
KIM EASLAND	SECRETARY	1.00	Officer Director	$0	$0	$0
DUSTIN CHRISTOPHERSON	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG ABRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
ZACH CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JOSH LARSON	DIRECTOR	1.00	Director	$0	$0	$0
DAWN MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY HUBBART	DIRECTOR	1.00	Director	$0	$0	$0
GAYLON GERBER	DIRECTOR	1.00	Director	$0	$0	$0
TINA VANCAMP	DIRECTOR	1.00	Officer Director	$0	$0	$0
BOBBIE COUNTRY	DIRECTOR	1.00	Director	$0	$0	$0
GORDON WOODS	DIRECTOR	1.00	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	$808,313	$469,466	$1,676,251	$338,847
2023	$322,634	$285,243	$1,375,038	$37,391
2022	$303,470	$293,911	$2,133,370	$9,559
2021	$247,804	$241,578	$2,208,159	$6,226
2020	$330,620	$259,696	$2,274,388	$70,924
2019	$329,727	$238,826	$2,288,130	$90,901
2018	$453,590	$264,435	$2,491,381	$189,155

PIERRE ECONOMIC DEVELOPMENT CORPORATION