PRAIRIE DEVELOPMENT CORPORATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

Program Service Accomplishments

Program 1

Expenses: $64,997 Revenue: $928

ECONOMIC DEVELOPMENT PROGRAMS - GUARANTEED AND DIRECT LOANS UP TO 150,000 TO BUSINESSES; PRAIRIE DEVELOPMENT CORPORATION MAY LOAN 25,000 PER EACH FTE POSITION OF WHICH 51% MUST BE OFFERED OR FILLED BY LOW-MODERATE INCOME QUALIFIED PEOPLE. PRAIRIE DEVELOPMENT CORPORATION IS NOT A PRIMARY LENDER AND MANY LOANS ARE MADE IN PARTNERSHIP WITH BANKS AND/OR OTHER FINANCIAL INSTITUTIONS IN THE LOCAL AREA. IN ADDITION, PRAIRIE DEVELOPMENT CORPORATION IS INVOLVED WITH THE MARKETING OF TOURISM TO THE REGION TO BRING DOLLARS TO THE COMMUNITIES AND TO HELP SUPPORT JOB STABILITY. DURING 2024, FOUR NEW BUSINESS LOAN WERE CLOSED FOR 77,000 WHICH WAS LEVERAGED WITH REVOLVED LOAN FUNDS.

Program 2

Expenses: $12,440

COMMUNITY HOUSING PROGRAMS - LOW OR NO INTEREST LOANS TO LOW-MODERATE INCOME PERSONS FOR REHABILITATION OF OWNER-OCCUPIED HOUSING. PRAIRIE DEVELOPMENT CORPORATION ALSO HAS AN EMERGENCY HOME REPAIR...

COMMUNITY HOUSING PROGRAMS - LOW OR NO INTEREST LOANS TO LOW-MODERATE INCOME PERSONS FOR REHABILITATION OF OWNER-OCCUPIED HOUSING. PRAIRIE DEVELOPMENT CORPORATION ALSO HAS AN EMERGENCY HOME REPAIR LOAN PROGRAM AND DOWN PAYMENT ASSISTANCE LOAN PROGRAM FOR FIRST TIME HOMEBUYERS MEETING LOW-MODERATE INCOME GUIDELINES. PRAIRIE DEVELOPMENT CORPORATION ALSO PURCHASES VACANT SINGLE-FAMILY HOMES IN NEED OF REHABILITATION, MAKING NEEDED REPAIRS AND RESELLING THEM TO INCOME QUALIFIED FIRST TIME HOMEBUYERS. DURING 2024, NO HOUSING LOANS WERE CLOSED.

Program 3

Expenses: $25,966 Revenue: $40,351

OFFICE AND APARTMENT RENTAL - PRAIRIE DEVELOPMENT LEASES TWO APARTMENTS AND SUBLETS OFFICE SPACE TO THE EAST CENTRAL COUNCIL OF GOVERNMENTS AND THE HOME AGENCY (INSURANCE COMPANY).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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