CLARK INDUSTRIAL DEVELOPMENT CORPORATION (EIN 510196412) - 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

1976

Legal Domicile

Principal Officer

KYLE GAIKOWSKI

Phone

6055323965

Tax Period

2023-01-01 to 2023-12-31

CLARK INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1976, is a small nonprofit that reported $133K in total revenue in fiscal year 2018. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $117K left a modest 11% surplus.

Mission

COMMUNITY DEVELOPMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $139,866

Investment Income $-19,138

Other Revenue $5,074

TOTAL REVENUE $125,802

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,497

Other Expenses $132,217

TOTAL EXPENSES $137,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,802	$159,207	-0.2%
Expenses	$137,217	$144,304	0.0%
Net Income	$-11,415	$14,903	-1.8%

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

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
KYLE GAIKOWSKI	PRESIDENT	Officer Director	$0	$0	$0
DAVID WARKENTHIEN	VICE PRESIDE	Officer Director	$0	$0	$0
RYAN CLAUSSEN	SECRETARY/TR	Officer Director	$0	$0	$0
TODD WARKENTHIEN	DIRECTOR	Director	$0	$0	$0
ANDY WOOKEY	DIRECTOR	Director	$0	$0	$0
BRENT FOREST	DIRECTOR	Director	$0	$0	$0
BOB BJERKE	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$125,802	$137,217	$1,963,938	$-11,415
2022	$159,207	$144,304	$2,211,570	$14,903
2021	$132,849	$151,383	$2,252,182	$-18,534
2020	$96,757	$136,636	$2,120,189	$-39,879
2019	$103,804	$127,443	$2,197,137	$-23,639
2018	$132,504	$117,416	$2,246,104	$15,088

CLARK INDUSTRIAL DEVELOPMENT CORPORATION