FIRST DISTRICT DEVELOPMENT COMPANY (EIN 460374958) - 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

1982

Legal Domicile

Principal Officer

AMY WAITE

Phone

6054436991

Tax Period

2024-10-01 to 2025-09-30

FIRST DISTRICT DEVELOPMENT COMPANY, founded in 1982, is a small nonprofit that reported $375K in total revenue in fiscal year 2017. Net assets of $2.4M represent 78 months of operating reserves.

Mission

PROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTS

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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 $0

Program Service Revenue $67,760

Investment Income $13,790

Other Revenue $0

TOTAL REVENUE $81,550

Expense Breakdown

Grants Paid $3,136,653

Salaries & Benefits $27,123

Fundraising Expenses $0

Program Expenses $3,187,074

Other Expenses $23,298

TOTAL EXPENSES $3,187,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,550	$590,537	-0.9%
Expenses	$3,187,074	$339,468	+8.4%
Net Income	$-3,105,524	$251,069	-13.4%

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
KIMBERLY BANKS	DIRECTOR	N/A	Director	$0	$0	$0
BOBBIE BOHLEN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
LYLE GRENZ	DIRECTOR	N/A	Director	$0	$0	$0
BEN HANSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
MOLLY HEATON	DIRECTOR	N/A	Director	$0	$0	$0
PAUL MOORE	SECRETARY	N/A	Officer Director	$0	$0	$0
EARL POPHAM	TREASURER	N/A	Officer Director	$0	$0	$0
JENNIFER QUAIL	DIRECTOR	N/A	Director	$0	$0	$0
TIM WALTER	DIRECTOR	N/A	Director	$0	$0	$0
SPENCER WHITE	DIRECTOR	N/A	Director	$0	$0	$0
AMY WAITE	EXECUTIVE VP	N/A	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	$81,550	$3,187,074	No data	$-3,105,524
2024	$590,537	$339,468	$3,604,020	$251,069
2023	$421,878	$359,401	$3,356,632	$62,477
2022	$430,953	$392,251	$3,325,748	$38,702
2021	$495,328	$357,441	$3,434,055	$137,887
2020	$423,442	$407,539	$3,367,710	$15,903
2019	$492,396	$323,399	$3,146,232	$168,997
2018	$374,676	$381,846	$3,045,287	$-7,170

FIRST DISTRICT DEVELOPMENT COMPANY