NEW UNDERWOOD COMMUNITY DEVELOPMEN… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

Laurel Venhuizen

Phone

6057546421

Tax Period

2022-07-01 to 2023-06-30

NEW UNDERWOOD COMMUNITY DEVELOPMENT CORPORATION, founded in 1985, is a micro nonprofit that reported $23K in total revenue in fiscal year 2022. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 52% operating margin.

Mission

To promote economic development in New Underwood, South Dakota, primarily through the growth of tax base.

Program Service Accomplishments

Program 1

Expenses: $11,226 Revenue: $23,216

The organization promotes economic and community development in New Underwood SD, primarily through growing tax base. Recent programs have focused on tax base growth through support of low to...

The organization promotes economic and community development in New Underwood SD, primarily through growing tax base. Recent programs have focused on tax base growth through support of low to moderate income housing.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $160

Program Service Revenue $0

Investment Income $23,056

Other Revenue $0

TOTAL REVENUE $23,216

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,226

Other Expenses $7,226

TOTAL EXPENSES $11,226

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,216	$35,187	-0.3%
Expenses	$11,226	$401	+27.0%
Net Income	$11,990	$34,786	-0.7%

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

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
D Brett Hanson	Director	2	Director	$0	$0	$0
William Richter	Director	0.2	Director	$0	$0	$0
Larry Gossard	Director	0.2	Director	$0	$0	$0
Meri Jo Anderson	Director	0.2	Director	$0	$0	$0
Darcy Bolton	Director	0.2	Director	$0	$0	$0
Kristi Pritzkau	Vice-President	1	Officer	$0	$0	$0
Chris Dvorak	President	0.5	Officer	$0	$0	$0
Pamela J Cox	Secretary	0.2	Officer	$0	$0	$0
Laurel K Venhuizen	Treasurer	2	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
2023	$23,216	$11,226	$201,864	$11,990
2022	$35,187	$401	$189,874	$34,786

NEW UNDERWOOD COMMUNITY DEVELOPMENT CORPORATION