WAKARUSA VALLEY DEVELOPMENT 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

Formation Year

1986

Legal Domicile

Principal Officer

DAVID CLARK

Phone

7857497600

Tax Period

2024-07-01 to 2025-06-30

WAKARUSA VALLEY DEVELOPMENT INC, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $434K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $379K left a modest 13% surplus.

Mission

TO ASSIST WITH THE CREATION AND RETENTION OF JOBS IN THE COMMUNITY.

Program Service Accomplishments

Program 1

PROVIDE ASSISTANCE TO SMALL BUSINESSES SEEKING FINANCING FOR EXPANSION ACTIVITIES THAT WILL CREATE NEW JOBS IN THE COMMUNITY.

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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 $0

Program Service Revenue $408,508

Investment Income $25,227

Other Revenue $200

TOTAL REVENUE $433,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,847

Fundraising Expenses $0

Other Expenses $98,152

TOTAL EXPENSES $378,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,935	$366,709	+0.2%
Expenses	$378,999	$307,589	+0.2%
Net Income	$54,936	$59,120	-0.1%

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

$186,131

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CLARK	PRESIDENT	2.00	Officer Director	$0	$0	$0
SANDY FALEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DIANE MYERS	TREASURER	2.00	Officer Director	$0	$0	$0
BRENNAN CLARK	SECRETARY	2.00	Officer Director	$0	$0	$0
MATT BULK	DIRECTOR	1.00	Director	$0	$0	$0
ROB GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MEYERS	DIRECTOR	1.00	Director	$0	$0	$0
CASEY O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
BEN TENPENNY	DIRECTOR	1.00	Director	$0	$0	$0
TROY ROBERTS	EXECUTIVE DI	40.00	Officer	$181,847	$4,284	$186,131

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	$433,935	$378,999	$810,630	$54,936
2024	$366,709	$307,589	$759,823	$59,120
2023	$402,041	$392,782	$695,847	$9,259
2022	$523,545	$450,244	$694,582	$73,301
2021	$600,132	$457,929	$632,879	$142,203
2020	$536,424	$228,132	$482,156	$308,292
2018	$271,145	$243,640	$295,179	$27,505