BANNOCK DEVELOPMENT CORPORATION (EIN 820424124) - 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

1988

Legal Domicile

Principal Officer

BRIAN BERRET

Phone

2082333500

Tax Period

2023-01-01 to 2023-12-31

BANNOCK DEVELOPMENT CORPORATION, founded in 1988, is a small nonprofit that reported $353K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $389K exceeded revenue, resulting in a 10% operating deficit.

Mission

BANNOCK DEVELOPMENT CORPORATION (BDC) IN COOPERATION WITH OUR REGIONAL ECONOMIC DEVELOPMENT PARTNERS WILL FACILITATE A HEALTHY ECONOMY FOR THE BANNOCK COUNTY AREA.

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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 $20,000

Program Service Revenue $332,000

Investment Income $1,213

Other Revenue $0

TOTAL REVENUE $353,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,434

Fundraising Expenses $0

Program Expenses $329,010

Other Expenses $211,007

TOTAL EXPENSES $389,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,213	$261,344	+0.4%
Expenses	$389,441	$407,362	0.0%
Net Income	$-36,228	$-146,018	-0.8%

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

$119,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIACATE KENNEDY I	EXECUTIVE DI	40.00	Director	$119,423	$0	$119,423
BRIAN BERRET	PRESIDENT	N/A	Director	$0	$0	$0
BRIAN BLAD	MEMBER	N/A	Director	$0	$0	$0
KORY CALL	MEMBER	N/A	Director	$0	$0	$0
KEVIN ENGLAND	MEMBER	N/A	Director	$0	$0	$0
LARRY FISHER	MEMBER	N/A	Director	$0	$0	$0
JEFF HOUGH	MEMBER	N/A	Director	$0	$0	$0
AARON HUNSAKER	MEMBER	N/A	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	No data	No data	No data	No data
2023	$353,213	$389,441	$225,221	$-36,228
2022	$261,344	$407,362	$257,651	$-146,018
2021	$238,918	$209,822	$398,573	$29,096
2020	$182,210	$214,069	$447,496	$-31,859
2019	$259,900	$265,232	$429,140	$-5,332
2018	$255,838	$266,949	$405,043	$-11,111

BANNOCK DEVELOPMENT CORPORATION