COOPER PARK DEVELOPMENT COMPANY

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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

JEFFREY GOTTKE

Phone

7403933806

Tax Period

2023-01-01 to 2023-12-31

COOPER PARK DEVELOPMENT COMPANY, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $623K, a strong 29% operating margin.

Mission

A. COOPER PARK DEVELOPMENT COMPANY IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, LITERARY, SCIENTIFIC, AND EDUCATIONAL PURPOSES SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

Program Service Accomplishments

Program 1

Expenses: $1,421,955 Revenue: $1,980,402

CPDC IS A SPONSORING ORGANIZATION AS DEFINED IN SECTION 509(A)(1) OF THE CODE AND WILL ENGAGE IN FUNDRAISING ACTIVITIES FOR THE KNOX COUNTY LAND REUTILIZATION CORPORATION, INC., TO ENABLE THE KNOX...

CPDC IS A SPONSORING ORGANIZATION AS DEFINED IN SECTION 509(A)(1) OF THE CODE AND WILL ENGAGE IN FUNDRAISING ACTIVITIES FOR THE KNOX COUNTY LAND REUTILIZATION CORPORATION, INC., TO ENABLE THE KNOX COUNTY LAND REUTILIZATION CORPORATION, INC. TO CARRY OUT THEIR STATED INTENTIONS FOR PROVIDING THE RECLAMATION, REHABILITATION, AND REUTILIZATION OF VACANT. ABANDONED, TAX-FORECLOSED, OR OTHER REAL PROPERTY WITHIN KNOX COUNTY; EFFICIENTLY MANAGING THE SAME; ASSISTING GOVERNMENTAL AND OTHER ENTITIES IN OBTAINING CLEAR TITLE TO PROPERTIES IN KNOX COUNTY, OHIO; AND PROMOTING ECONOMIC AND HOUSING DEVELOPMENT IN KNOX COUNTY, OHIO AND THE SURROUNDING REGION.

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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 $87,565

Program Service Revenue $0

Investment Income $36,434

Other Revenue $1,999,402

TOTAL REVENUE $2,123,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,421,955

Other Expenses $1,500,176

TOTAL EXPENSES $1,500,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,123,401	$1,343,076	+0.6%
Expenses	$1,500,176	$1,128,247	+0.3%
Net Income	$623,225	$214,829	+1.9%

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

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
TERESA BEMILLER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEITH BURLEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DESSERT	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY GOTTKE	PRESIDENT, SECRETARY	1.00	Officer Director	$0	$0	$0
GORDY YANCE	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL PERCY	DIRECTOR	1.00	Director	$0	$0	$0
MARK RAMSER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM LAWHON	DIRECTOR	1.00	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	$2,123,401	$1,500,176	$4,868,581	$623,225
2022	$1,343,076	$1,128,247	$700,392	$214,829
2021	$274,562	$713,780	$123,809	$-439,218