KEYSTONE DEVELOPMENT INC (EIN 463332662) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

SAM EDWARDS

Phone

4232324784

Tax Period

2024-10-01 to 2025-09-30

KEYSTONE DEVELOPMENT INC, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $924K in total revenue in fiscal year 2024. Revenue surged 196% from the prior year, signaling strong growth momentum. Net assets of $4.3M represent 56 months of operating reserves.

Mission

TO PROMOTE AND PROVIDE SAFE, SANITARY, SECURE, AND AFFORDABLE HOUSING FOR THOSE WITH LITTLE OR NO INCOME IN JOHNSON CITY, TENNESSEE

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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 (2024)

Revenue Breakdown

Contributions & Grants $519,113

Program Service Revenue $264,388

Investment Income $15,251

Other Revenue $125,730

TOTAL REVENUE $924,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,107

Fundraising Expenses $0

Program Expenses $580,290

Other Expenses $636,206

TOTAL EXPENSES $918,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$924,482	$312,151	+2.0%
Expenses	$918,313	$623,225	+0.5%
Net Income	$6,169	$-311,074	-1.0%

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

$211,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN JOHNSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
TED GANGER	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DONNA CHERRY	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
GAIL WATTERSON-PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
SAM EDWARDS	EXECUTIVE DIRECTOR	2.00	Officer	$0	$35,838	$211,910

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	$924,482	$918,313	$4,608,987	$6,169
2024	$312,151	$623,225	$4,616,133	$-311,074
2023	$605,861	$439,640	$4,727,179	$166,221
2022	$490,725	$251,115	$4,654,603	$239,610
2021	$528,855	$315,356	$4,424,784	$213,499
2020	$846,380	$1,517,033	$2,899,057	$-670,653

KEYSTONE DEVELOPMENT INC