WATERTOWN DEVELOPMENT COMPANY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

CHRISTOPHER CLIFTON

Phone

6058840340

Tax Period

2024-08-01 to 2025-07-31

WATERTOWN DEVELOPMENT COMPANY, founded in 1947, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 19% operating deficit.

Mission

ECONOMIC DEVELOPMENT IN THE WATERTOWN, SOUTH DAKOTA AREA.

Program Service Accomplishments

Program 1

THE WATERTOWN DEVELOPMENT COMPANY SERVES TO IMPROVE THE OVERALL STANDARD OF LIVING IN THE COMMUNITY BY WAY OF STIMULATING ECONOMIC DEVELOPMENT BY ASSISTING NEW AND EXISTING BUSINESSES WITH CREATION...

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $198,037

Program Service Revenue $1,645,950

Investment Income $508,799

Other Revenue $10,107

TOTAL REVENUE $2,362,893

Expense Breakdown

Grants Paid $43,888

Salaries & Benefits $395,986

Fundraising Expenses $0

Other Expenses $2,367,760

TOTAL EXPENSES $2,807,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,362,893	$3,726,959	-0.4%
Expenses	$2,807,634	$4,124,210	-0.3%
Net Income	$-444,741	$-397,251	+0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$170,414

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CLIFTON	EXECUTIVE DI	40.00	Officer	$149,040	$21,374	$170,414
ALAN STAGER	CHAIR	1.00	Officer Director	$0	$0	$0
MARK DUNN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
STEVE LEHNER	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY SANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
TROY VANDUSEN	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
TROY ZEBROSKI	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
JOSH HOGUE	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE KELLER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG SHARP	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
2025	$2,362,893	$2,807,634	$23,144,113	$-444,741
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