CONVERSE AREA NEW DEVELOPMENT ORGANIZATION (EIN 830312714) - 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

1995

Legal Domicile

Principal Officer

TIM PEXTON

Phone

3073582000

Tax Period

2024-07-01 to 2025-06-30

CONVERSE AREA NEW DEVELOPMENT ORGANIZATION, founded in 1995, is a small nonprofit that reported $413K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $579K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO ATTRACT AND RETAIN PRIMARY JOBS, FACILITATE THE EXPANSION AND DEVELOPMENT OF NEW AND EXISTING BUSINESSES, ENHANCE OUR AREA QUALITY OF LIFE AND PLACE AN EMPHASIS ON HISTORIC PRESERVATION IN DOUGLAS AND THE CONVERSE 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 (2024)

Revenue Breakdown

Contributions & Grants $355,935

Program Service Revenue $0

Investment Income $17,295

Other Revenue $40,157

TOTAL REVENUE $413,387

Expense Breakdown

Grants Paid $32,620

Salaries & Benefits $345,607

Fundraising Expenses $0

Other Expenses $201,037

TOTAL EXPENSES $579,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,387	$504,760	-0.2%
Expenses	$579,264	$515,007	+0.1%
Net Income	$-165,877	$-10,247	+15.2%

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

$105,326

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOAH MILMONT	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER MAXWELL	DIRECTOR	2.00	Director	$0	$0	$0
EDM WERNER	TREASURER	2.00	Officer Director	$0	$0	$0
PAIGE FENTON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KACY HLDAKY	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK WEBB	DIRECTOR	1.00	Director	$0	$0	$0
DENNY HARTS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL YORK	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT BAUMAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM PEXTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MORRYAH MCCURDY	EXECUTIVE DIRECTOR	55.00	Officer	$105,326	$0	$105,326

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
2025	$413,387	$579,264	$1,714,069	$-165,877
2024	No data	No data	No data	No data
2023	$311,727	$408,394	$1,739,799	$-96,667
2022	$364,463	$398,777	$1,828,797	$-34,314
2021	$346,968	$383,403	$1,915,628	$-36,435
2020	$311,711	$382,037	$1,899,171	$-70,326
2019	$294,893	$386,328	$1,975,739	$-91,435

CONVERSE AREA NEW DEVELOPMENT ORGANIZATION