National Association of Development Organizations Research Foundation (EIN 521602517) - 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

1988

Legal Domicile

Principal Officer

Joe C McKinney

Phone

2029214440

Tax Period

2023-01-01 to 2023-12-31

National Association of Development Organizations Research Foundation, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum.

Mission

Education, research and training for Regional Development Organizations- See Schedule O

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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 $2,224,521

Program Service Revenue $137,450

Investment Income $719

Other Revenue $0

TOTAL REVENUE $2,362,690

Expense Breakdown

Grants Paid $357,280

Salaries & Benefits $1,205,200

Fundraising Expenses $0

Program Expenses $2,175,346

Other Expenses $830,377

TOTAL EXPENSES $2,392,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,362,690	$1,250,992	+0.9%
Expenses	$2,392,857	$1,249,175	+0.9%
Net Income	$-30,167	$1,817	-17.6%

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

$263,775

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Brown	President	2.00	Officer Director	$0	$0	$0
Charlie Baker	Treasurer	2.00	Officer Director	$0	$0	$0
Nicole Griensewic	Secretary	2.00	Officer Director	$0	$0	$0
Rick Hunsaker	Director	2.00	Director	$0	$0	$0
Matthew Dolge	Director	2.00	Director	$0	$0	$0
Chris Fetzer	Director	2.00	Director	$0	$0	$0
Joe C McKinney	Executive Director	2.00	Officer	$11,316	$37,445	$263,775
Laurie Thompson	Deputy Director	35.00	Highest	$129,919	$33,152	$181,630

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	$2,362,690	$2,392,857	$1,456,333	$-30,167
2022	$1,250,992	$1,249,175	$792,221	$1,817
2021	$1,328,032	$1,309,095	$622,548	$18,937
2020	$756,861	$778,867	$542,931	$-22,006
2019	$904,546	$903,131	$560,092	$1,415
2018	$1,007,814	$951,570	$417,439	$56,244

National Association of Development Organizations Research Foundation