PRECISION DEVELOPMENT INC (EIN 810779400) - 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

2015

Legal Domicile

Principal Officer

NIRIKSHA SHETTY

Phone

6178543534

Tax Period

2024-01-01 to 2024-12-31

PRECISION DEVELOPMENT INC, founded in 2015, is a community nonprofit in the International Affairs sector that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 48% operating margin.

Mission

OUR MISSION IS TO SUPPORT SMALLHOLDER FARMERS

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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 $8,980,621

Program Service Revenue $85,842

Investment Income $44,840

Other Revenue $9,440

TOTAL REVENUE $9,120,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,834,400

Fundraising Expenses $34,093

Program Expenses $4,023,993

Other Expenses $1,871,838

TOTAL EXPENSES $4,706,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,120,743	$6,178,835	+0.5%
Expenses	$4,706,238	$5,234,047	-0.1%
Net Income	$4,414,505	$944,788	+3.7%

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

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

$670,533

Total Directors

$222,215

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA GODFREY	SECRETARY AND COO	40.00	Officer Director	$175,025	$47,190	$222,215
SHAWN COLE	INTERIM TREASURER	2.00	Officer Director	$0	$0	$0
AMRITA AHUJA	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL KREMER	DIRECTOR	2.00	Director	$0	$0	$0
JINU KOOLA	DIRECTOR	2.00	Director	$0	$0	$0
NIRIKSHA SHETTY	CEO	40.00	Officer	$89,710	$1,145	$90,855
DAVID SEARS	CHIEF FINANCIAL OFFICER	40.00	Officer	$110,795	$0	$110,795
OWEN BARDER	CEO UNTIL 3/2024	40.00	Officer	$185,055	$61,613	$246,668
TOMOKO HARIGAYA	CHIEF ECONOMIST & DIRECTOR	40.00	Highest	$185,055	$29,899	$214,954
JONATHAN LEHE	CHIEF STRATEGIST	40.00	Highest	$153,428	$0	$153,428
ALEXANDER RAMIREZ	HEAD OF SOFTWARE DEVELOPMENT	40.00	Highest	$122,500	$0	$122,500

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	$9,120,743	$4,706,238	$7,515,206	$4,414,505
2023	$6,178,835	$5,234,047	$3,194,542	$944,788
2022	$4,189,576	$8,280,474	$2,259,196	$-4,090,898
2022	$4,130,334	$8,247,333	$2,251,612	$-4,116,999
2021	$7,738,170	$7,198,406	$6,538,022	$539,764
2020	$5,542,845	$5,328,013	$6,072,471	$214,832
2019	$4,006,577	$3,876,895	$5,694,340	$129,682
2018	$3,794,806	$3,241,383	$5,631,803	$553,423

PRECISION DEVELOPMENT INC