BURKE DEVELOPMENT INC (EIN 593762106) - 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

2002

Legal Domicile

Principal Officer

ALAN WOOD

Phone

8287649370

Tax Period

2024-07-01 to 2025-06-30

BURKE DEVELOPMENT INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $734K, a strong 38% operating margin.

Mission

TO ENCOURAGE AND PROMOTE INDUSTRIAL AND COMMERCIAL GROWTH, TOURISM AND TO ASSIST NEW BUSINESSES IN BURKE COUNTY

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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 $999,832

Program Service Revenue $0

Investment Income $953,337

Other Revenue $85

TOTAL REVENUE $1,953,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,484

Fundraising Expenses $0

Program Expenses $1,162,508

Other Expenses $850,507

TOTAL EXPENSES $1,218,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,953,254	$778,583	+1.5%
Expenses	$1,218,991	$657,299	+0.9%
Net Income	$734,263	$121,284	+5.1%

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

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
MIKE SWAN	BOARD MEMBER	0.00	Director	$0	$0	$0
SALLY SANDY	BOARD MEMBER	0.00	Director	$0	$0	$0
JIM TONER	BOARD MEMBER	0.00	Director	$0	$0	$0
GARY PAXTON	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRIS HAWKINS	BOARD MEMBER	0.00	Director	$0	$0	$0
BRIAN EPLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
TODD HERMS	BOARD MEMBER	0.00	Director	$0	$0	$0
CHARLES WATTS	BOARD MEMBER	0.00	Director	$0	$0	$0
BRYAN BEAM	BOARD MEMBER	0.00	Director	$0	$0	$0
JESSICA BARGSLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
BILL CARROLL	BOARD MEMBER	0.00	Director	$0	$0	$0
TERRY CHILDERS	BOARD MEMBER	0.00	Director	$0	$0	$0
LAMAR SMITHERMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
JEFF BRITTAIN	CHAIR	0.00	Officer	$0	$0	$0
JOEL WALSH	VICE CHAIR	0.00	Officer	$0	$0	$0
LOGAN SHOOK	SECRETARY/TREASURER	0.00	Officer	$0	$0	$0
ALAN WOOD	EXECUTIVE DIRECTOR	40.00	Highest	$156,165	$4,217	$160,382

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	$1,953,254	$1,218,991	$39,027,208	$734,263
2024	$778,583	$657,299	$38,553,417	$121,284
2023	$482,010	$1,875,370	$2,632,649	$-1,393,360
2022	$449,249	$628,742	$4,001,395	$-179,493
2021	$495,153	$790,062	$4,284,685	$-294,909

BURKE DEVELOPMENT INC