OCEANA COUNTY DEVELOPMENT CORPORATION (EIN 920351744) - 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

2022

Legal Domicile

Principal Officer

EARL PETERSON

Phone

6163366587

Tax Period

2024-01-01 to 2024-12-31

OCEANA COUNTY DEVELOPMENT CORPORATION, founded in 2022, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $4.4M exceeded revenue, resulting in a 142% operating deficit.

Mission

TO CONSTRUCT SINGLE FAMILY HOMES FOR LOW AND MODERATE INCOME INDIVIDUALS IN OCEANA COUNTY.

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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 $149,975

Program Service Revenue $1,683,000

Investment Income $203

Other Revenue $0

TOTAL REVENUE $1,833,178

Expense Breakdown

Grants Paid $42,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,365,873

Other Expenses $4,402,314

TOTAL EXPENSES $4,445,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,833,178	$1,820,199	+0.0%
Expenses	$4,445,114	$121,430	+35.6%
Net Income	$-2,611,936	$1,698,769	-2.5%

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
EARL L PETERSON	PRESIDENT/TREASURER	10.00	Officer Director	$0	$0	$0
LINDA A PETERSON	VICE PRESIDENT/SECRETARY	10.00	Officer Director	$0	$0	$0
JON BUMSTEAD	DIRECTOR	0.50	Director	$0	$0	$0
CURT VANDERWALL	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD RAFFAELLI	DIRECTOR	10.00	Director	$0	$0	$0
GABRIELA PETERSON	DIRECTOR	5.00	Director	$0	$0	$0
MISHELLE COMSTOCK	DIRECTOR	0.50	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	$1,833,178	$4,445,114	$10,432,522	$-2,611,936
2023	$1,820,199	$121,430	$4,445,317	$1,698,769
2022	$200,007	$8,238	$191,769	$191,769

OCEANA COUNTY DEVELOPMENT CORPORATION