GRAND FORKS DOWNTOWN DEVELOPMENT ASSOCIA (EIN 464711617) - 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

2015

Legal Domicile

Principal Officer

JILL PROCTOR

Phone

7017574051

Tax Period

2025-01-01 to 2025-12-31

GRAND FORKS DOWNTOWN DEVELOPMENT ASSOCIA, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $411K in total revenue in fiscal year 2025.

Mission

TO ADVOCATE FOR, PROMOTE, GROW, AND IMPROVE THE DOWNTOWN COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $348,008

Program Service Revenue $58,296

Investment Income $0

Other Revenue $5,159

TOTAL REVENUE $411,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,020

Fundraising Expenses $0

Other Expenses $167,029

TOTAL EXPENSES $426,049

Year-over-Year Comparison

	2025	2024	Change
Revenue	$411,463	$411,546	0.0%
Expenses	$426,049	$421,828	+0.0%
Net Income	$-14,586	$-10,282	+0.4%

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

215

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

$86,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBY BERG	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA KONICKSON	DIRECTOR	1.00	Director	$0	$0	$0
DENAE GROVE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BUDKE	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS REGAN	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA LUNSKI	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID BADMAN	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL EIDER	TREASURER	1.00	Officer Director	$0	$0	$0
JANELLE BOPPRE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET WEST	DIRECTOR	1.00	Director	$0	$0	$0
LISA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KEN HANSON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JILL PROCTOR	PRESIDENT/CEO	40.00	Officer	$86,245	$0	$86,245

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	$411,463	$426,049	$96,837	$-14,586
2024	$411,546	$421,828	$111,423	$-10,282
2023	$406,744	$406,008	$122,162	$736
2022	$349,641	$352,663	$120,969	$-3,022
2021	$298,256	$264,460	$123,132	$33,796
2020	$223,889	$228,616	$95,740	$-4,727
2019	$260,459	$305,186	$120,372	$-44,727
2018	$247,052	$268,156	$165,119	$-21,104

GRAND FORKS DOWNTOWN DEVELOPMENT ASSOCIA