KOSCIUSKO DEVELOPMENT LAND TRUST INC (EIN 852875029) - 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

2020

Legal Domicile

Principal Officer

PEGGY FRIDAY

Phone

5743064119

Tax Period

2024-01-01 to 2024-12-31

KOSCIUSKO DEVELOPMENT LAND TRUST INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $799K in total revenue in fiscal year 2024. Revenue surged 895% from the prior year, signaling strong growth momentum. The organization ran a surplus of $775K, a strong 97% operating margin.

Mission

SERVING THE NEEDS OF THE RESIDENTS OF KOSCIUSKO COUNTY, INDIANA AND SURROUNDING AREAS BY PROMOTING NEW ECONOMIC DEVELOPMENT AND REDEVELOPMENT.

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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 $285,129

Program Service Revenue $501,272

Investment Income $12,436

Other Revenue $0

TOTAL REVENUE $798,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,402

Other Expenses $23,402

TOTAL EXPENSES $23,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$798,837	$80,308	+8.9%
Expenses	$23,402	$2,009,049	-1.0%
Net Income	$775,435	$-1,928,741	-1.4%

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

$71,674

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WARREN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUZANNE LIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE DAMON	TREASURER	1.00	Officer Director	$0	$0	$0
JULIA MOORE	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN CONLEY	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY FRIDAY	EXECUTIVE DI	40.00	Officer	$0	$5,982	$71,674

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	$798,837	$23,402	$1,900,947	$775,435
2023	$80,308	$2,009,049	$2,707,478	$-1,928,741
2022	$762,748	$67,919	$2,731,904	$694,829
2021	$2,005,764	$10,252	$2,047,588	$1,995,512

KOSCIUSKO DEVELOPMENT LAND TRUST INC