DRIFTLESS DEVELOPMENT INC

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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

2017

Legal Domicile

Principal Officer

MARK LEE

Phone

6083002904

Tax Period

2024-01-01 to 2024-12-31

DRIFTLESS DEVELOPMENT INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $186K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO DRIVE THE ECONOMIC REVITALIZATION OF CRAWFORD COUNTY THROUGH BUSINESS, WORKFORCE, AND COMMUNITY DEVELOPMENT ACTIVITIES AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $34,989 Revenue: $18,214

DREAM UP CHILD CARE GRANTS TO SUSTAIN AND EXPAND CHILD CARE AVAILABILITY

Program 2

Expenses: $26,375

SPECIALTY CROP GRANT TO PROMOTE LOCAL BUSINESSES

Program 3

Expenses: $8,284 Revenue: $300

DOWNTOWN ECONOMIC SUPPORT ACTIVITIES

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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 $183,452

Program Service Revenue $0

Investment Income $1,063

Other Revenue $1,977

TOTAL REVENUE $186,492

Expense Breakdown

Grants Paid $32,424

Salaries & Benefits $91,438

Fundraising Expenses $1,257

Program Expenses $99,222

Other Expenses $91,454

TOTAL EXPENSES $215,316

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,492	$362,907	-0.5%
Expenses	$215,316	$380,078	-0.4%
Net Income	$-28,824	$-17,171	+0.7%

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

$73,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK LEE	EXECUTIVE DIRECTOR	40.00	Officer Highest	$73,550	$0	$73,550
DAVE HEMMER	DIRECTOR	0.00	Director	$0	$0	$0
GARIETT KANIS	DIRECTOR	0.00	Director	$0	$0	$0
SASHA KOZELKA	PRESIDENT	0.00	Officer	$0	$0	$0
TINA ALLBAUGH	VICE PRESIDENT	0.00	Officer	$0	$0	$0
BECKY HACKETT	SECRETARY	0.00	Officer	$0	$0	$0
MARK FORSYTHE	TREASURER	0.00	Officer	$0	$0	$0
PETE FLESCH	OFFICER AT LARGE	0.00	Officer	$0	$0	$0
ARTIE JOHNSON	PAST PRESIDENT	0.00	Officer	$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	$186,492	$215,316	$104,110	$-28,824
2023	$362,907	$380,078	$138,640	$-17,171
2022	$272,263	$232,894	$198,563	$39,369
2021	$207,185	$132,729	$126,172	$74,456
2020	$103,706	$65,419	$49,353	$38,287