De Smet Development Corporation (EIN 466017848) - 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

1968

Legal Domicile

Principal Officer

Matt Kees

Phone

6058549011

Tax Period

2024-01-01 to 2024-12-31

De Smet Development Corporation, founded in 1968, is a micro nonprofit that reported $61K in total revenue in fiscal year 2018. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $96K exceeded revenue, resulting in a 57% operating deficit.

Mission

Promote the City of DeSmet and the surrounding area by promoting, encouraging and developing business and economic prosperity

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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 (2024)

Revenue Breakdown

Contributions & Grants $214,987

Program Service Revenue $107,000

Investment Income $33,300

Other Revenue $0

TOTAL REVENUE $355,287

Expense Breakdown

Grants Paid $113,812

Salaries & Benefits $81,249

Fundraising Expenses $0

Other Expenses $136,926

TOTAL EXPENSES $331,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$355,287	$250,482	+0.4%
Expenses	$331,987	$183,612	+0.8%
Net Income	$23,300	$66,870	-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

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

$63,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Aughenbaugh	Director	1.00	Director	$0	$0	$0
Abi Van Regenmorter	Vice-President	1.00	Officer Director	$0	$0	$0
James Girard	Director	1.00	Director	$0	$0	$0
Terry Holland	Director	1.00	Director	$0	$0	$0
Matt Kees	President	2.00	Officer Director	$0	$0	$0
Todd Wilkinson	Director	1.00	Director	$0	$0	$0
Ann Lesch	Sec /Treasurer	2.00	Officer Director	$0	$0	$0
Jamie Lancaster	Director	40.00	Key Emp	$63,000	$0	$63,000

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	$355,287	$331,987	$1,865,917	$23,300
2023	$250,482	$183,612	$1,943,901	$66,870
2022	$138,092	$155,930	$1,923,354	$-17,838
2021	$113,462	$100,175	$1,087,218	$13,287
2020	$146,505	$95,232	$1,072,768	$51,273
2019	$72,948	$108,296	$1,024,187	$-35,348
2018	$61,276	$96,497	$1,061,019	$-35,221

De Smet Development Corporation