SOUTHERN VALLEY ECONOMIC DEVELOPMENT AUT (EIN 831186139) - 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

Legal Domicile

Phone

7016711524

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN VALLEY ECONOMIC DEVELOPMENT AUT is a small nonprofit that reported $325K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 15% operating margin.

Mission

To aid, assist, and promote economic development, new wealth creation, and job growth within the geographic area of the City of Wahpeton, ND, City of Breckenridge, MN, Wilkin County, Minnesota, and Richland County, North Dakota.

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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 $324,652

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $324,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,265

Fundraising Expenses $0

Other Expenses $48,414

TOTAL EXPENSES $275,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,653	$207,040	+0.6%
Expenses	$275,679	$297,387	-0.1%
Net Income	$48,974	$-90,347	-1.5%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WURL	Director	1.00	Director	$0	$0	$0
NATHAN BERSETH	Chairman	1.00	Director	$0	$0	$0
JAKE KUBELA	Director	1.00	Director	$0	$0	$0
DANIEL SPELLERBERG	Director	1.00	Director	$0	$0	$0
COREY KRATCHA	Director	1.00	Director	$0	$0	$0
STEPHANIE SANDBAKKEN	Director	0.00	Director	$0	$0	$0
DENIS LARSON	Vice President	1.00	Director	$0	$0	$0
JOE TILMAN	Director	1.00	Director	$0	$0	$0
JUSTIN NEPPL	Executive Dir.	40.00	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	$324,653	$275,679	$81,207	$48,974
2023	$207,040	$297,387	$29,543	$-90,347
2022	$224,530	$210,464	$119,890	$14,066

SOUTHERN VALLEY ECONOMIC DEVELOPMENT AUT