PLAINFIELD COMMUNITY DEVELOPMENT CORPORATION (EIN 832652947) - 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

2018

Legal Domicile

Principal Officer

BRAD DUBOIS

Phone

3175310190

Tax Period

2023-01-01 to 2023-12-31

PLAINFIELD COMMUNITY DEVELOPMENT CORPORATION, founded in 2018, is a small nonprofit that reported $463K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $114K, a strong 25% operating margin.

Mission

TO ENCOURAGE, SUPPORT AND ASSIST IN ACTIVITIES, PROJECTS AND PROGRAMS THAT FURTHER SOCIAL, CULTURAL AND ECONOMIC DEVELOPMENT, REDEVELOPMENT AND REHABILITATION IN AND AROUND THE TOWN OF PLAINFIELD

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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 $264,480

Program Service Revenue $0

Investment Income $-69,109

Other Revenue $267,689

TOTAL REVENUE $463,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $346,517

Other Expenses $348,840

TOTAL EXPENSES $348,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$463,060	$2,338,217	-0.8%
Expenses	$348,840	$353,679	0.0%
Net Income	$114,220	$1,984,538	-0.9%

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

$40,400

Total Directors

$40,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL BRIDGET	SECRETARY	1.00	Officer Director	$0	$0	$19,000
BILLIE KIRCHOFF	PRESIDENT	1.00	Officer Director	$0	$0	$21,400
BRADLEY DUBOIS	TREASURER	1.00	Officer 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	$463,060	$348,840	$5,937,503	$114,220
2022	$2,338,217	$353,679	$5,823,283	$1,984,538
2021	$815,328	$381,422	$4,428,708	$433,906
2020	$2,637,122	$532,350	$3,389,553	$2,104,772
2019	$-10,397	$3,709,157	$1,284,781	$-3,719,554
2018	$5,005,125	$790	$5,004,335	$5,004,335

PLAINFIELD COMMUNITY DEVELOPMENT CORPORATION