DANVILLE AREA DEVELOPMENT FOUNDATION INC (EIN 546041891) - 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

1960

Legal Domicile

Principal Officer

CHARLES H MAJORS

Phone

4347931753

Tax Period

2024-03-01 to 2025-02-28

DANVILLE AREA DEVELOPMENT FOUNDATION INC, founded in 1960, is a micro nonprofit that reported $8K in total revenue in fiscal year 2020. The organization ran a surplus of $7K, a strong 91% operating margin.

Mission

TO PROMOTE INDUSTRIAL AND COMMERCIAL GROWTH OF THE CITY OF DANVILLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $41,877

Other Revenue $0

TOTAL REVENUE $41,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $10,718

TOTAL EXPENSES $10,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,877	$14,271	+1.9%
Expenses	$10,718	$3,575	+2.0%
Net Income	$31,159	$10,696	+1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES H MAJORS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN J DAVENPORT JR	DIRECTOR	1.00	Director	$0	$0	$0
DR TIFFANY FRANKS	DIRECTOR	1.00	Director	$0	$0	$0
MARK HOLLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMANDA WITT-COX	DIRECTOR	1.00	Director	$0	$0	$0
HARRY G LEA	DIRECTOR	1.00	Director	$0	$0	$0
CORRIE BOBE	DIRECTOR	1.00	Director	$0	$0	$0
RICK BARKER	DIRECTOR	1.00	Director	$0	$0	$0
HAMPTON WILKINS	DIRECTOR	1.00	Director	$0	$0	$0
TIM CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DAN M PLEASANT	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
DR B CARLYLE RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HALEY	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE NYHOLM	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH LEGGETT	DIRECTOR	1.00	Director	$0	$0	$0
TELLY TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
JIM MAXWELL	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN H COMPTON	SECRETARY/TREASURER	1.00	Officer	$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
2025	$41,877	$10,718	$827,718	$31,159
2024	$14,271	$3,575	$796,559	$10,696
2023	$1,723	$15,626	$785,863	$-13,903
2022	$3,103	$645	$799,766	$2,458
2021	$7,534	$645	$797,308	$6,889

DANVILLE AREA DEVELOPMENT FOUNDATION INC