SCHMITT ISLAND DEVELOPMENT CORPORATION (EIN 920629253) - 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

KATHY BUHR

Phone

5635852971

Tax Period

2024-01-01 to 2024-12-31

SCHMITT ISLAND DEVELOPMENT CORPORATION, founded in 2022, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

MANAGING THE ICE ARENA AND SCHMITT ISLAND ASSETS BENEFITS THE COMMUNITY BY PROVIDING CONSISTENT AND EXPANDED RECREATIONAL OPPORTUNITIES FOR THE COMMUNITY. IN ADDITION, THIS ORGANIZATION LESSENS THE BURDEN OF THE GOVERNMENT'S TIME AND RESOURCES TO MANAGE THE FACILITIES AND ITS PROGRAMS.

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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 $206,802

Program Service Revenue $530,549

Investment Income $17,207

Other Revenue $464,638

TOTAL REVENUE $1,219,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,239,306

Other Expenses $1,339,874

TOTAL EXPENSES $1,339,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,219,196	$1,626,078	-0.3%
Expenses	$1,339,874	$1,288,302	+0.0%
Net Income	$-120,678	$337,776	-1.4%

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
KATHY BUHR	TREASURER	4.50	Officer Director	$0	$0	$0
SARA HANTEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON WHITE	VICE PRESIDENT	4.50	Officer Director	$0	$0	$0
BRIAN KUHLE	DIRECTOR	4.50	Director	$0	$0	$0
CAYLA SCHNEIDER	DIRECTOR	4.50	Director	$0	$0	$0
DENISE UDELHOFEN	SECRETARY	4.50	Officer Director	$0	$0	$0
MARIE WARE	DIRECTOR	4.50	Director	$0	$0	$0
JUSTINE PARADISO	DIRECTOR	4.50	Director	$0	$0	$0
TOMMY LANGE	DIRECTOR	4.50	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	$1,219,196	$1,339,874	$800,192	$-120,678
2023	$1,626,078	$1,288,302	$949,284	$337,776
2022	$696,005	$339,735	$606,064	$356,270

SCHMITT ISLAND DEVELOPMENT CORPORATION