MERRICK COUNTY DEVELOPMENT CORP (EIN 470772569) - 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

1993

Legal Domicile

Principal Officer

MILES MCGINNIS

Phone

3089463806

Tax Period

2024-10-01 to 2025-09-30

MERRICK COUNTY DEVELOPMENT CORP, founded in 1993, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 346% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 96% operating margin.

Mission

PROMOTION AND DEVELOPMENT OF RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL BUILDINGS IN MERRICK COUNTY.

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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 $1,200,000

Program Service Revenue $17,748

Investment Income $51,739

Other Revenue $1,605

TOTAL REVENUE $1,271,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $46,136

TOTAL EXPENSES $46,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,271,092	$284,956	+3.5%
Expenses	$46,136	$51,983	-0.1%
Net Income	$1,224,956	$232,973	+4.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS ANDERSON	CITY ADMINIS	1.00	Director	$0	$0	$0
KATIE BENNER	MEMBER	1.00	Director	$0	$0	$0
TYSON BENNER	MEMBER	1.00	Director	$0	$0	$0
TIM BOLLING	MAYOR	1.00	Director	$0	$0	$0
DENISE BRANDENBURG	MEMBER	1.00	Director	$0	$0	$0
BRIAN BUHLKE	PRESIDENT	1.00	Director	$0	$0	$0
ED DEXTER	MEMBER	1.00	Director	$0	$0	$0
KIRSTIN FASBENDER	MEMBER	1.00	Director	$0	$0	$0
JEFF JENSEN	MEMBER	1.00	Director	$0	$0	$0
SAM KRUG	MEMBER	1.00	Director	$0	$0	$0
TRAVIS KUCHAR	MEMBER	1.00	Director	$0	$0	$0
AARON KUNZ	MEMBER	1.00	Director	$0	$0	$0
NOAH LUEBBE	MEMBER	1.00	Director	$0	$0	$0
JODI MOHR	MEMBER	1.00	Director	$0	$0	$0
MILES MCGINNIS	EXECUTIVE DI	40.00	Director	$0	$0	$0
KEVIN OHLMAN	SECRETARY/TR	1.00	Director	$0	$0	$0
NATHAN PERRY	MEMBER	1.00	Director	$0	$0	$0
COURTNEY RETZLAFF	MEMBER	1.00	Director	$0	$0	$0
COURTNEY ROOT	MEMBER	1.00	Director	$0	$0	$0
NICK RYAN	VICE PRESIDE	1.00	Director	$0	$0	$0
ANNE SMITH	MEMBER	1.00	Director	$0	$0	$0
DWIGHT STROBEL	MEMBER	1.00	Director	$0	$0	$0
MIKAELA STUART	MEMBER	1.00	Director	$0	$0	$0
TRENT WAGNER	MEMBER	1.00	Director	$0	$0	$0
JARED WETOVICK	MEMBER	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	$1,271,092	$46,136	$4,676,713	$1,224,956
2024	$1,337,080	$52,048	$2,794,585	$1,285,032
2024	$284,956	$51,983	$1,232,395	$232,973
2023	$83,260	$96,051	$1,093,288	$-12,791
2023	$93,391	$96,051	$1,603,419	$-2,660
2022	$-51,044	$74,591	$1,109,802	$-125,635
2021	$25,479	$38,716	$1,239,016	$-13,237
2020	$17,259	$16,953	$959,148	$306
2019	$18,017	$16,424	$958,842	$1,593

MERRICK COUNTY DEVELOPMENT CORP