WATERTOWN DEVELOPMENT COMPANY (EIN 466012194) - 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

1947

Legal Domicile

Principal Officer

CHRISTOPHER CLIFTON

Phone

6058840340

Tax Period

2023-08-01 to 2024-07-31

WATERTOWN DEVELOPMENT COMPANY, founded in 1947, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2018. Revenue surged 585% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 45% operating margin.

Mission

ECONOMIC DEVELOPMENT IN THE WATERTOWN, SOUTH DAKOTA AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,308,336

Program Service Revenue $1,373,246

Investment Income $44,313

Other Revenue $1,064

TOTAL REVENUE $3,726,959

Expense Breakdown

Grants Paid $176,540

Salaries & Benefits $418,528

Fundraising Expenses $0

Other Expenses $3,392,761

TOTAL EXPENSES $4,124,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,726,959	$1,410,951	+1.6%
Expenses	$4,124,210	$2,390,900	+0.7%
Net Income	$-397,251	$-979,949	-0.6%

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

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

$105,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CLIFTON	EXECUTIVE DI	40.00	Officer	$86,376	$19,464	$105,840
STEVE LEHNER	CHAIR	1.00	Officer Director	$0	$0	$0
MARK DUNN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
TROY ZEBROSKI	DIRECTOR	1.00	Director	$0	$0	$0
TROY VANDUSEN	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA MACK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
COREY BALOUN	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN FLATTEN	DIRECTOR	1.00	Director	$0	$0	$0
DAN GARVEY	DIRECTOR	1.00	Director	$0	$0	$0
BRENT HASSLEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH HOGUE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STEINBAUER	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY SANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JIM SEURER	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	$3,726,959	$4,124,210	$30,618,359	$-397,251
2023	$1,410,951	$2,390,900	$25,950,816	$-979,949
2022	$1,539,881	$2,299,056	$26,777,594	$-759,175
2021	$2,078,248	$2,500,299	$26,333,482	$-422,051
2020	$2,114,531	$1,566,080	$22,088,166	$548,451
2019	$4,935,830	$2,714,898	$15,383,937	$2,220,932

WATERTOWN DEVELOPMENT COMPANY