DEVELOP AMERICA INC

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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

Principal Officer

DAMON DORRSEY

Phone

4142322538

Tax Period

2023-01-01 to 2023-12-31

DEVELOP AMERICA INC is a small nonprofit in the Public & Societal Benefit sector that reported $846K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

DEVELOP WISCONSIN BUILDS AND DEVELOPS BUSINESS DEVELOPMENT ECOSYSTEMS TO MORE EFFECTIVELY AND EFFICIENTLY PROVIDE BUSINESS OWNERS WITH THE RESOURCES, SUPPORT, NETWORKS AND ACCESS TO MARKETS THAT THEY NEED TO GROW. COMMUNITIES WITH VIBRANT BUSINESS ECOSYSTEMS EXPERIENCE STRONG ECONOMIC GROWTH.

Program Service Accomplishments

Program 1

Expenses: $748,381

PROVIDES ASSISTANCE TO SMALL BUSINESS OWNED BY INDIVIDUALS THAT HAVE EXPERIENCED BARRIERS TO CAPITAL AND HAVE BEEN DISPROPORTIONATELY IMPACTED BY THE COVID-19 PANDEMIC.

Program 2

Expenses: $124,107

SUPPORT STARTUPS AND ENTREPRENEURS THROUGHOUT THE STATE OF WISCONSIN SO ASPIRING BUSINESS OWNERS CAN CONNECT WITH THE RESOURCES THEY NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $845,550

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $845,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,727

Fundraising Expenses $1

Program Expenses $872,488

Other Expenses $545,026

TOTAL EXPENSES $893,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$845,550	$742,745	+0.1%
Expenses	$893,753	$300,609	+2.0%
Net Income	$-48,203	$442,136	-1.1%

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MARIA DORSEY	SECRETARY	Officer	$0	$0	$0
ROXANNE WILLIAMS	MEMBER	Officer	$0	$0	$0
PAULINE GRANT-JONES	TREASURER	Officer	$0	$0	$0
DAMON DORSEY	EXECUTIVE DIRECTOR	Key Emp	$0	$0	$0
MAYA HAMMOURI	CHIEF OPERATING OFFICER	Key Emp	$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	No data	No data	No data	No data
2023	$845,550	$893,753	$452,525	$-48,203
2022	$742,745	$300,609	$516,117	$442,136