BUTTE LOCAL DEVELOPMENT CORPORATION

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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

1969

Legal Domicile

Principal Officer

KELLY SULLIVAN

Phone

4067234349

Tax Period

2023-11-01 to 2024-10-31

BUTTE LOCAL DEVELOPMENT CORPORATION, founded in 1969, is a small nonprofit that reported $810K in total revenue in fiscal year 2023. Revenue surged 557% from the prior year, signaling strong growth momentum. The organization ran a surplus of $256K, a strong 32% operating margin.

Mission

LOCAL ECONOMIC DEVELOPMENT PROJECTS AND BUSINESS DEVELOPMENT TO PROMOTE BUSINESS RELOCATION AND EXPANSION AS WELL AS START UP IN THE AREA. PROVIDING SMALL BUSINESS WITH LOW INTEREST LOANS.

Program Service Accomplishments

Program 1

Expenses: $241,748

LOCAL ECONOMIC DEVELOPMENT PROJECTS AND BUSINESS DEVELOPMENT TO PROMOTE BUSINESS RELOCATION AND EXPANSION AS WELL AS START UP IN THE AREA. PROVIDING SMALL BUSINESS WITH LOW INTEREST LOANS.

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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 $326,718

Program Service Revenue $146,879

Investment Income $335,933

Other Revenue $0

TOTAL REVENUE $809,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $329,264

Fundraising Expenses $37,987

Program Expenses $241,748

Other Expenses $224,105

TOTAL EXPENSES $553,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$809,530	$123,291	+5.6%
Expenses	$553,369	$517,617	+0.1%
Net Income	$256,161	$-394,326	-1.6%

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

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	Role	Reportable Comp	Other Comp	Total
TY STENZNER	PAST-PRESIDENT	Director	$0	$0	$0
JAY DOYLE	MEMBER	Director	$0	$0	$0
RICK EDWARDS	MEMBER	Director	$0	$0	$0
MIKE PAFFHAUSEN	PRESIDENT	Officer Director	$0	$0	$0
LINDSEY SILVEIRA	MEMBER	Director	$0	$0	$0
BILL KEBE	MEMBER	Director	$0	$0	$0
SHAWN FREDRICKSON	MEMBER	Director	$0	$0	$0
KYLE CARTER	MEMBER	Director	$0	$0	$0
LORETTA BOLYARD	VICE PRESIDENT	Officer Director	$0	$0	$0
ANGELA LUEKING	MEMBER	Director	$0	$0	$0
JP GALLAGHER	CHIEF EXECUTIVE	Officer Director	$0	$0	$0
TONY MICHLIG	MEMBER	Director	$0	$0	$0
ANTHONY LASLOVICH	MEMBER	Director	$0	$0	$0
TABATHA HYATT	MEMBER	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	$809,530	$553,369	$9,028,335	$256,161
2023	$123,291	$517,617	$8,971,051	$-394,326
2022	$2,363,006	$696,062	$9,224,367	$1,666,944
2021	$2,153,341	$591,948	$7,654,650	$1,561,393
2020	$642,691	$559,477	$6,871,207	$83,214
2019	$659,322	$584,358	$6,951,088	$74,964
2018	$524,167	$833,343	$7,471,888	$-309,176