Minden Development Corporation

Nonprofit profile at a glance

EIN
992393906
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025
Location
Minden, NE, USA
Phone
3088321820
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$57,651
Expenses
$3,225
Assets
$107,733

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • DAVE ARNOLD (PRESIDENT)

People named in this filing

  • MICHAEL KRINGS (EXECUTIVE DI)
  • DAVE ARNOLD (PRESIDENT)
  • RUSTY RHYNALDS (VICE PRESIDE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To retain, expand, attract, create and enhance the economic vitality of minden, Nebraska, by one or more, but not limited to, the following: a. Promoting the resources of minden to enhance economic growth b. Encourage and assist existing businesses and industries to expand and prosper c. Identify, locate and communicate with new businesses, enterprises and industries best suited to the resources of minden d. Promote specific buildings and industrial sites as location for existing and new business and industries e. Encourage, develop and implement a city-wide economic development strategic plan by working with the chamber of commerce, commercial clubs, educational institutions, state of Nebraska, businesses, industries and allied agencies to accomplish its objectives f. Aid and enable successful recruitment of new businesses and industries along with the enhancement of existing businesses and industries g. Help minden and its citizens by increasing employment opportunities, payroll, bus

What it reported doing in 2025

To retain, expand, attract, create and enhance the economic vitality of minden, Nebraska.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 28
  • Transparency & Controls: 82
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 6.8%; rating input score 7
  • Program expense ratio: 62%; rating input score 62

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 94.4%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 33.41; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 181.1% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 7.4% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 67.6% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 6.8% of revenue deployed · 62% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 7/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.