LINDSAY AREA DEVELOPMENT (EIN 821539424) - 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

AMBER KLASSEN

Phone

4028895639

Tax Period

2023-01-01 to 2023-12-31

LINDSAY AREA DEVELOPMENT, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $717K in total revenue in fiscal year 2023. Revenue surged 193% from the prior year, signaling strong growth momentum. The organization ran a surplus of $655K, a strong 91% operating margin.

Mission

IMPROVE AND MAINTAIN THE STRENGTH OF THE COMMUNITY, SCHOOL AND PARISH OF THE VILLAGE OF LINDSAY THROUGH A VARIETY OF EVENTS, PROJECTS AND INVESTMENTS THAT PROVIDE FINANCIAL ASSISTANCE TO BENEFIT THE ECONOMY, COMMUNITY, SCHOOL AND/OR PARISH OF LINDSAY.

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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 $732,032

Program Service Revenue $12,700

Investment Income $2,813

Other Revenue $-30,325

TOTAL REVENUE $717,220

Expense Breakdown

Grants Paid $3,928

Salaries & Benefits $0

Fundraising Expenses $7,387

Program Expenses $37,308

Other Expenses $58,131

TOTAL EXPENSES $62,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$717,220	$245,067	+1.9%
Expenses	$62,059	$80,955	-0.2%
Net Income	$655,161	$164,112	+3.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMBER KLASSEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNY KORTH	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
AARON REICHMUTH	DIRECTOR	1.00	Director	$0	$0	$0
TIM WIESE	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN FRISCH	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
BRIAN WEGENER	DIRECTOR	1.00	Director	$0	$0	$0
TOM CATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH KURTENBACH	DIRECTOR	1.00	Director	$0	$0	$0
MARY BACKES	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$717,220	$62,059	$1,543,341	$655,161
2022	$245,067	$80,955	$294,854	$164,112

LINDSAY AREA DEVELOPMENT