BLACK RIVER AREA DEVELOPMENT CORP (EIN 710387337) - 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

1966

Legal Domicile

Phone

8708924547

Tax Period

2024-05-01 to 2025-04-30

BLACK RIVER AREA DEVELOPMENT CORP, founded in 1966, is a community nonprofit in the Community Improvement sector that reported $9.4M in total revenue in fiscal year 2017. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO AID AND ASSIST THE AREA REGIONS OF LAWRENCE, RANDOLPH, AND CLAY COUNTIES IN DEVELOPING PROGRAMS UNDER AND PURSUANT TO THE ECONOMIC OPPORTUNITY ACT OF THE 1964 CONGRESS AND TO ASSIST IN THE PROCUREMENT, ORGANIZATION, COORDINATION, AND SUPERVISION OF PROJECTS OF ANY AND ALL CAUSES OR KINDS WHICH MAY BECOME AVALIABLE TO ANY PART OR ALL OF SUCH REGIONS OR AREA.

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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 $11,409,448

Program Service Revenue $416,906

Investment Income $10,327

Other Revenue $0

TOTAL REVENUE $11,836,681

Expense Breakdown

Grants Paid $1,739,292

Salaries & Benefits $6,684,827

Fundraising Expenses $0

Program Expenses $11,371,494

Other Expenses $3,741,858

TOTAL EXPENSES $12,165,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,836,681	$11,912,331	0.0%
Expenses	$12,165,977	$11,467,778	+0.1%
Net Income	$-329,296	$444,553	-1.7%

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

285

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

$57,494

Total Directors

$57,494

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY THOMAS	Executive Dir.	40.00	Officer Director	$57,494	$0	$57,494
DONI MARTIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOEY RADCLIFF	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA DALTON	Chairperson	1.00	Officer Director	$0	$0	$0
MIKE PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY BARNHILL	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM ANDREWS	BOARD MEMBER	0.00	Director	$0	$0	$0
VICKIE MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MANDY DURHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY TASHA	BOARD MEMBER	1.00	Director	$0	$0	$0
PAIGE CATT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRITTANY BRADSHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBI HART	BOARD MEMBER	1.00	Director	$0	$0	$0
DON SETTLES	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN WICKER	BOARD MEMBER	1.00	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
2025	$11,836,681	$12,165,977	$9,532,324	$-329,296
2024	$11,912,331	$11,467,778	$9,635,020	$444,553
2023	$11,693,626	$11,587,246	$9,745,505	$106,380
2022	$11,077,041	$10,700,370	$9,485,787	$376,671
2021	$10,254,948	$10,223,063	$8,446,501	$31,885
2020	$9,333,861	$9,543,662	$8,022,950	$-209,801
2019	$10,161,190	$9,917,783	$8,553,355	$243,407
2018	$9,365,785	$9,328,410	$7,916,592	$37,375

BLACK RIVER AREA DEVELOPMENT CORP