NAC DEVELOPMENT CORPORATION (EIN 476039543) - 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

1974

Legal Domicile

Principal Officer

MIKE MARKEY

Phone

4025952195

Tax Period

2023-07-01 to 2024-06-30

NAC DEVELOPMENT CORPORATION, founded in 1974, is a small nonprofit that reported $789K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $723K left a modest 8% surplus.

Mission

TO STIMULATE AND ENCOURAGE THE STUDY AND PRESENTATION OF FINE AND PERFORMING ARTS THROUGHOUT THE STATE.

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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 $702,096

Program Service Revenue $0

Investment Income $61,331

Other Revenue $25,896

TOTAL REVENUE $789,323

Expense Breakdown

Grants Paid $556,393

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $667,361

Other Expenses $166,487

TOTAL EXPENSES $722,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$789,323	$689,375	+0.1%
Expenses	$722,880	$1,039,628	-0.3%
Net Income	$66,443	$-350,253	-1.2%

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

$93,939

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH PEETZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK LAUGHLIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JANA GORANSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ZACHARY CHEEK	TREASURER	1.00	Officer Director	$0	$0	$0
JON GROSS	AT LARGE	1.00	Director	$0	$0	$0
WALTER SEILER	AT LARGE	1.00	Director	$0	$0	$0
SHARI HOFSCHIRE	EX OFFICIO - CHAIR OF NE A	1.00	Officer Director	$0	$0	$0
MIKE MARKEY	EX OFFICIO	5.00	Officer	$93,939	$0	$93,939

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	No data	No data	No data	No data
2024	$789,323	$722,880	$1,600,066	$66,443
2023	$689,375	$1,039,628	$1,498,147	$-350,253
2022	$976,250	$953,510	$1,869,769	$22,740
2021	$979,250	$772,257	$1,861,422	$206,993
2020	$800,798	$565,736	$1,647,821	$235,062
2019	$563,762	$704,289	$1,418,825	$-140,527

NAC DEVELOPMENT CORPORATION