SUSTAINABLE OPPORTUNITY DEVELOPMENT CENTER (EIN 900630610) - 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

2010

Legal Domicile

Principal Officer

JULIE NEEDS

Phone

3303377669

Tax Period

2023-01-01 to 2023-12-31

SUSTAINABLE OPPORTUNITY DEVELOPMENT CENTER, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $266K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE MISSION OF THE CENTER FOR SUSTAINABLE OPPORTUNITY DEVELOPMENT IS TO:CREATE AN ENTREPRENEURIAL ENVIRONMENT IN SALEM AND THE SURROUNDING AREA RICH WITH OPPORTUNITY FOR INDIVIDUALS AND INDUSTRY;CONNECT THE COMMUNITY TO REGIONAL ECONOMIC AND ENTERPRISE DEVELOPMENT RESOURCES THAT CAN BENEFIT LOCAL INDUSTRY AND ENTREPRENEURS, AND;COMPETE ON A STATE-WIDE AND NATIONAL LEVEL WITH AN ECONOMIC AND ENTREPRENEURIAL ENVIRONMENT RECOGNIZED FOR DRAMATICALLY ENHANCING LOCAL WEALTH CREATION, EMPLOYMENT AND QUALITY OF LIFE.

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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 $219,481

Program Service Revenue $44,584

Investment Income $1,571

Other Revenue $0

TOTAL REVENUE $265,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,058

Fundraising Expenses $0

Program Expenses $246,418

Other Expenses $137,502

TOTAL EXPENSES $279,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,636	$298,343	-0.1%
Expenses	$279,560	$283,362	0.0%
Net Income	$-13,924	$14,981	-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

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

$95,577

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE NEEDS	EXECUTIVE DI	40.00	Director	$95,577	$0	$95,577
MATTHEW BUTTS	BOARD MEMBER	0.25	Director	$0	$0	$0
WILLIAM DAWES	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID GANO	BOARD MEMBER	0.25	Director	$0	$0	$0
JOE HOVORKA	VICE PRESIDE	0.25	Director	$0	$0	$0
DAVID JOHNSON	BOARD MEMBER	0.25	Director	$0	$0	$0
GARY EICHLER JR	BOARD MEMBER	0.25	Director	$0	$0	$0
ROB MCCULLOCH	BOARD MEMBER	0.25	Director	$0	$0	$0
ANITA HACKSTEDDE MD	BOARD MEMBER	0.25	Director	$0	$0	$0
TODD OLSON	BOARD MEMBER	0.25	Director	$0	$0	$0
BROOKE PIDGEON	BOARD MEMBER	0.25	Director	$0	$0	$0
J ROBERT SEBO	BOARD MEMBER	0.25	Director	$0	$0	$0
JOSEPH SHEMASEK	BOARD MEMBER	0.25	Director	$0	$0	$0
BRAD SMITH	BOARD MEMBER	0.25	Director	$0	$0	$0
JOHN TONTI	BOARD MEMBER	0.25	Director	$0	$0	$0
KELLY YLONEN	BOARD MEMBER	0.25	Director	$0	$0	$0
JOCK BUTA	PAST PRESIDE	0.25	Officer	$0	$0	$0
RYAN CROWELL	TREASURER	0.25	Officer	$0	$0	$0
GEORGE W MORRIS III	PRESIDENT	0.25	Officer	$0	$0	$0
SHAWNA L'ITALIEN	SECRETARY	0.25	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
2024	No data	No data	No data	No data
2023	$265,636	$279,560	$193,182	$-13,924
2022	$298,343	$283,362	$206,329	$14,981
2021	$242,043	$190,052	$189,997	$51,991
2019	$263,294	$235,601	$97,875	$27,693
2018	$240,435	$208,474	$70,619	$31,961

SUSTAINABLE OPPORTUNITY DEVELOPMENT CENTER