BALTIC AREA DEVELOPMENT FOUNDATION (EIN 881615184) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

ZACH NEBBEN

Tax Period

2022-01-01 to 2022-12-31

BALTIC AREA DEVELOPMENT FOUNDATION, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $129K in total revenue in fiscal year 2022. The organization ran a surplus of $129K, a strong 100% operating margin.

Mission

TO FOSTER ECONOMIC, INDUSTRIAL, RECREATIONAL AND AGRICULTURAL DEVELOPMENT OF THE BALTIC AREA AND ITS ENVIRONS, INCLUDING BUT NOT LIMITED TO, THE PROMOTION AND ASSISTANCE OF BUSINESS, INCLUDING SMALL BUSINESS, AND RESIDENTAIL ESTABLISHMENTS AND EXPANSION ACTIVITIES. TO SERVE AS A NON- PROFIT CORPORATION TO BENEFIT THE AREA AS MEASURED BY THE RESIDENTIAL AND BUSINESS DEVELOPMENT, AND THE INCREASED EMPLOYEMENT, PAYROLLS, BUSINESS VOLUME, ECONOMIC STABILITY, AND IMPROVED STANDARDS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $130,000

Program Service Revenue $-898

Investment Income $0

Other Revenue $0

TOTAL REVENUE $129,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $600

Other Expenses $600

TOTAL EXPENSES $600

Year-over-Year Comparison

	2022	2021	Change
Revenue	$129,102	N/A	N/A
Expenses	$600	N/A	N/A
Net Income	$128,502	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACH NEBBEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTIAN SWENSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DEREK SIMONSEN	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
ALEX LANGNER	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN STOEL	DIRECTOR	1.00	Director	$0	$0	$0
KORY ALLEN	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
2022	$129,102	$600	$128,502	$128,502

BALTIC AREA DEVELOPMENT FOUNDATION