YELLOW SPRINGS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)YELLOW SPRINGS DEVELOPMENT CORPORATION, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $22K in total revenue in fiscal year 2021. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $423K exceeded revenue, resulting in a 1823% operating deficit.
TO SERVE AS A COORDINATING AND PLANNING ENTITY PROVIDING FUNDING AND OVERSIGHT FOR PROJECTS THAT ENSURE THE ECONOMIC AND CULTURAL VITALITY OF THE YELLOW SPRINGS COMMUNITY FOR BUSINESS, NON-PROFITS, RESIDENTIAL, AND INFRASTRUCTURE DEVELOPMENT.
CONTRACT FOR SALE OF MIAMI TOWNSHIP OLD FIRE STATION TO NEW BUYER WAS EXECUTED IN DECEMBER 2020, WITH SALE COMPLETED APRIL 14, 2021. FUNDS TRANSFERRED TO MIAMI TOWNSHIP JUNE 29, 2021. FINAL BUYER...
CONTRACT FOR SALE OF MIAMI TOWNSHIP OLD FIRE STATION TO NEW BUYER WAS EXECUTED IN DECEMBER 2020, WITH SALE COMPLETED APRIL 14, 2021. FUNDS TRANSFERRED TO MIAMI TOWNSHIP JUNE 29, 2021. FINAL BUYER WILL TRANSFORM THE FIRE STATION INTO A COMEDY CLUB AND RESTAURANT, WHICH WILL BENEFIT THE COMMUNITY IN ADDITIONAL JOBS, INCOME AND PROPERTY TAXES, AND POSITIVE IMPACT ON THE LOCAL TOURISM INDUSTRY. EXPLORED RE-OPENING OF ANTIOCH COLLEGE'S WELLNESS CENTER FOR SEVERAL MONTHS IN 2021, INCURRING LEGAL FEES FOR NEGOTIATIONS WITH THE COLLEGE. ULTIMATELY THE COLLEGE DECIDED NOT TO PARTNER WITH YSDC AND RE-OPENED THE WELLNESS CENTER ON THEIR OWN IN JANUARY 2022.
FORGIVABLE LOAN EXPENSES USED TO ASSIST LOCAL BUSINESSES THROUGH THE COVID-19 PANDEMIC.
MILLS LAWN EXPLORATION AND EXPLORED A COMMUNITY DIALOGUE PROCESS RELATED TO A SCHOOL LEVY CAMPAIGN IN SUMMER 2021 THAT COULD HAVE RESULTED IN EXCESS ASSETS FOR THE SCHOOL DISTRICT. COSTS WERE...
MILLS LAWN EXPLORATION AND EXPLORED A COMMUNITY DIALOGUE PROCESS RELATED TO A SCHOOL LEVY CAMPAIGN IN SUMMER 2021 THAT COULD HAVE RESULTED IN EXCESS ASSETS FOR THE SCHOOL DISTRICT. COSTS WERE INCURRED WITH PRELIMINARY PLANNING WORK BY TWO CONSULTANTS. THE PROJECT WAS DROPPED DUE TO COMMUNITY OBJECTIONS AND THE SCHOOL LEVY DID NOT PASS, SO NO EXCESS ASSETS CURRENTLY EXIST FOR THE SCHOOL DISTRICT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $22,017 | $473,108 | -1.0% |
| Expenses | $423,334 | $35,251 | +11.0% |
| Net Income | $-401,317 | $437,857 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CORRIE VAN AUSDAL | BOARD CHAIR | 2.00 |
Officer
|
$0 | $0 | $0 |
| LISA KREEGER | VICE CHAIR | 2.00 |
Officer
|
$0 | $0 | $0 |
| HANNAH MONTGOMERY | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| STEVEN CONN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE MCQUEEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN STOKES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DON HOLLISTER | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| CORRIE VAN AUSDAL | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| SARAH COURTRIGHT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SHELLY BLACKMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEX BIERI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $22,017 | $423,334 | $47,038 | $-401,317 |
| 2020 | $473,108 | $35,251 | $448,355 | $437,857 |
Compare YELLOW SPRINGS DEVELOPMENT CORPORATION with other nonprofits in Ohio and across the country.