NORTHERN NEVADA DEVELOPMENT AUTHOR… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

JEFF SUTICH

Phone

7758834413

Tax Period

2023-07-01 to 2024-06-30

NORTHERN NEVADA DEVELOPMENT AUTHORITY, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $950K left a modest 10% surplus.

Mission

ENCOURAGE THE EXPANSION AND RELOCATION OF BUSINESSES TO THE NORTHERN NEVADA AREA IN ORDER TO ENHANCE ECONOMIC ACTIVITY.

Program Service Accomplishments

Program 1

RESPONDING TO INQUIRIES AND RECRUITED BUSINESSES CONSIDERING RELOCATING

Program 2

MAINTAINED RELATIONSHIPS WITH EXISTING BUSINESSES IN THE COMMUNITY TO AID THEIR CONTINUED SUCCESS AND ENCOURAGE EXPANSION

Program 3

HOSTED VISITS FROM COMPANIES WANTING TO INVESTIGATE THE AREA FOR EXPANSION

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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 $1,013,793

Program Service Revenue $0

Investment Income $6,066

Other Revenue $36,415

TOTAL REVENUE $1,056,274

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $444,454

Fundraising Expenses $0

Other Expenses $503,208

TOTAL EXPENSES $950,162

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,056,274	$712,949	+0.5%
Expenses	$950,162	$662,974	+0.4%
Net Income	$106,112	$49,975	+1.1%

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

Volunteers

N/A

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

$173,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL MILES	MEMBER-AT-LARGE OF THE EXE	4.00	Director	$0	$0	$0
MIKE RIGGS	MEMBER-AT-LARGE OF THE EXE	4.00	Director	$0	$0	$0
NANCY PAULSON	MEMBER-AT-LARGE OF THE EXE	4.00	Director	$0	$0	$0
ALAN JURKONIS	PAST VICE CHAIR	4.00	Officer	$0	$0	$0
JEFF SUTICH	PRESIDENT AND CEO	50.00	Officer	$154,000	$19,011	$173,011
JENNIFER HERALD	CHAIR	4.00	Officer	$0	$0	$0
GREG DYE	PAST CHAIR	4.00	Officer	$0	$0	$0
TY NEBE	TREASURER AND SECRETARY	4.00	Officer	$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
2025	No data	No data	No data	No data
2024	$1,056,274	$950,162	$644,736	$106,112
2023	$712,949	$662,974	$559,916	$49,975
2022	$853,531	$811,092	$502,457	$42,439
2021	$1,139,148	$942,288	$490,797	$196,860
2020	$1,236,826	$1,204,583	$396,895	$32,243
2019	$960,884	$951,675	$244,523	$9,209

NORTHERN NEVADA DEVELOPMENT AUTHORITY