PRAIRIE DEVELOPMENT CORPORATION (EIN 841043508) - 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

1986

Legal Domicile

Principal Officer

ED RARICK

Phone

7193485596

Tax Period

2024-01-01 to 2024-12-31

PRAIRIE DEVELOPMENT CORPORATION, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $218K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $74K, a strong 34% operating margin.

Mission

LOANS FOR LOW-INCOME HOUSING TO INDIVIDUALS AND BUSINESSES. LOW-INCOME LOANS AND LOAN GUARANTEES FOR HOUSING REHAB, BUSINESS START-UP AND RELATED SUPPORT SERVICES.

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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 $59,965

Program Service Revenue $41,279

Investment Income $59,681

Other Revenue $56,677

TOTAL REVENUE $217,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,403

Other Expenses $143,835

TOTAL EXPENSES $143,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,602	$281,232	-0.2%
Expenses	$143,835	$131,352	+0.1%
Net Income	$73,767	$149,880	-0.5%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDACE PAYNE	ADMINISTRATO	20.00	Officer Director	$0	$0	$0
ED RARICK	CHAIRMAN	0.50	Officer Director	$0	$0	$0
DOROTHY STONE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ROBERT SAFRANEK	TREASURER	0.50	Officer Director	$0	$0	$0
STEVE BURGESS	BOARD MEMBER	0.50	Director	$0	$0	$0
GRANT THAYER	BOARD MEMBER	0.50	Director	$0	$0	$0
MARILYN WARD	BOARD MEMBER	0.50	Director	$0	$0	$0
RJ JOLLY	BOARD MEMBER	0.50	Director	$0	$0	$0
DEANNA HARRISON	BOARD MEMBER	0.50	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	$217,602	$143,835	$3,831,583	$73,767
2023	$281,232	$131,352	$3,756,706	$149,880
2022	$3,272,612	$3,180,861	$3,628,943	$91,751
2021	$126,188	$105,217	$3,514,157	$20,971
2020	$1,251,929	$319,876	$3,496,307	$932,053
2019	$135,171	$144,897	$2,565,942	$-9,726
2018	$248,055	$120,115	$2,569,774	$127,940

PRAIRIE DEVELOPMENT CORPORATION