Civic Intelligence

Wakarusa Valley Development Inc

EIN 48-1029610 • 501(c)6 • Lawrence, KS

Profile

To assist with the creation and retention of jobs in the community.

4824 Quail Crest Pl Ste DLawrence, KS 66049

www.wakarusavalley.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.04x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

55th percentile

0.07x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

54th percentile

5.3%

Faster asset growth than 54% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2025

Revenue Growth

20th percentile

-6.1%

Faster revenue growth than 20% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2025

Assets

Up

$810,630

Up $50,807 (+6.7%) from 2024

Liabilities

Down

$29,635

Down $4,129 (-12%) from 2024

Net Assets

Up

$780,995

Up $54,936 (+7.6%) from 2024

Revenue

Up

$433,935

Up $67,226 (+18%) from 2024

Expenses

Up

$378,999

Up $71,410 (+23%) from 2024

Net Income

Down

$54,936

Down $4,184 (-7.1%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2010: $173,654Liabilities 2010: $8,352Net Assets 2010: $165,3022010Assets 2011: $194,662Liabilities 2011: $14,736Net Assets 2011: $179,9262011Assets 2012: $204,361Liabilities 2012: $18,086Net Assets 2012: $186,2752012Assets 2013: $193,197Liabilities 2013: $12,865Net Assets 2013: $180,3322013Assets 2014: $178,216Liabilities 2014: $9,283Net Assets 2014: $168,9332014Assets 2015: $161,592Liabilities 2015: $10,122Net Assets 2015: $151,4702015Assets 2016: $135,541Liabilities 2016: $13,390Net Assets 2016: $122,1512016Assets 2017: $132,239Liabilities 2017: $18,442Net Assets 2017: $113,7972017Assets 2018: $295,179Liabilities 2018: $153,877Net Assets 2018: $141,3022018Assets 2019: $173,578Liabilities 2019: $10,380Net Assets 2019: $163,1982019Assets 2020: $482,156Liabilities 2020: $9,151Net Assets 2020: $473,0052020Assets 2021: $632,879Liabilities 2021: $48,500Net Assets 2021: $584,3792021Assets 2022: $694,582Liabilities 2022: $36,902Net Assets 2022: $657,6802022Assets 2023: $695,847Liabilities 2023: $28,908Net Assets 2023: $666,9392023Assets 2024: $759,823Liabilities 2024: $33,764Net Assets 2024: $726,0592024Assets 2025: $810,630Liabilities 2025: $29,635Net Assets 2025: $780,9952025

Highlighted filing

2025

Assets$810,630
Liabilities$29,635
Net Assets$780,995

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2010: $203,779Expenses 2010: $186,194Net Income 2010: $17,5852010Expenses 2011: $201,3812011Expenses 2012: $235,8162012Revenue 2013: $300,847Expenses 2013: $306,790Net Income 2013: -$5,9432013Revenue 2014: $239,233Expenses 2014: $250,632Net Income 2014: -$11,3992014Revenue 2015: $238,230Expenses 2015: $255,693Net Income 2015: -$17,4632015Revenue 2016: $236,301Expenses 2016: $265,620Net Income 2016: -$29,3192016Revenue 2017: $237,340Expenses 2017: $245,694Net Income 2017: -$8,3542017Revenue 2018: $271,145Expenses 2018: $243,640Net Income 2018: $27,5052018Revenue 2019: $279,306Expenses 2019: $257,410Net Income 2019: $21,8962019Revenue 2020: $536,424Expenses 2020: $228,132Net Income 2020: $308,2922020Revenue 2021: $600,132Expenses 2021: $457,929Net Income 2021: $142,2032021Revenue 2022: $523,545Expenses 2022: $450,244Net Income 2022: $73,3012022Revenue 2023: $402,041Expenses 2023: $392,782Net Income 2023: $9,2592023Revenue 2024: $366,709Expenses 2024: $307,589Net Income 2024: $59,1202024Revenue 2025: $433,935Expenses 2025: $378,999Net Income 2025: $54,9362025

Highlighted filing

2025

Revenue$433,935
Expenses$378,999
Net Income$54,936

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.11$0.30$7.81$4.34$3.79$0.55
2024Detailed filing. Detailed filing data is available for this year.$7.60$0.34$7.26$3.67$3.08$0.59
2023Detailed filing. Detailed filing data is available for this year.$6.96$0.29$6.67$4.02$3.93$0.09
2022Detailed filing. Detailed filing data is available for this year.$6.95$0.37$6.58$5.24$4.50$0.73
2021Detailed filing. Detailed filing data is available for this year.$6.33$0.49$5.84$6.00$4.58$1.42
2020Detailed filing. Detailed filing data is available for this year.$4.82$0.09$4.73$5.36$2.28$3.08
2019Summary only. Only limited summary data is available for this year.$1.74$0.10$1.63$2.79$2.57$0.22
2018Detailed filing. Detailed filing data is available for this year.$2.95$1.54$1.41$2.71$2.44$0.28
2017Detailed filing. Detailed filing data is available for this year.$1.32$0.18$1.14$2.37$2.46$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.36$0.13$1.22$2.36$2.66$0.29
2015Detailed filing. Detailed filing data is available for this year.$1.62$0.10$1.51$2.38$2.56$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.78$0.09$1.69$2.39$2.51$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.13$1.80$3.01$3.07$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.18$1.86$2.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.15$1.80$2.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.08$1.65$2.04$1.86$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 22, 2025
Return Version
2024v5.0
Gross Receipts
$433,935
Mission and Program Overview

Mission

To assist with the creation and retention of jobs in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$253,876$317,952▲ $64,076
Prepaid Expenses and Deferred Charges$850$850→ $0
Land, Buildings, and Equipment, Net$1,282$598▼ $684
Total Assets$759,823$810,630▲ $50,807
Other Assets Total$503,815$491,230▼ $12,585
Liabilities
Deferred Revenue$27,500$22,500▼ $5,000
Accounts Payable and Accrued Expenses$6,264$7,135▲ $871
Total Liabilities$33,764$29,635▼ $4,129
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$726,059$780,995▲ $54,936
Total Net Assets Fund Balance$726,059$780,995▲ $54,936
Total Liabilities and Net Assets / Fund Balance$759,823$810,630▲ $50,807

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$598$5,627$6,225
Other Assets Org$491,230--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Troy RobertsExecutive DiFT$181,847$4,284$186,131
Troy RobertsExecutive Director-$144,000$42,131$186,131

Board Members and Trustees

NameTitle
David ClarkPresident
Ben TenpennyDirector
CASEY O'BRIENDirector
Matt BulkDirector
Mike MeyersDirector
Rob GillespieDirector
Brennan ClarkSecretary
Diane MyersTreasurer
Sandy FalenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$408,508
Investment Income
$25,227
Other Revenue
$200
Change in Net Assets
$54,936

Audited Revenue Reconciliation

Revenue per Audited Statements
$433,935
Total Revenue per Audited Statements
$433,935
Total Revenue per Form 990
$433,935
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$280,847
Other Expenses$98,152
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$145,478$36,369-$181,847
Other Salaries and Wages$58,985$14,747-$73,732
Payroll Taxes$20,214$5,054-$25,268
Occupancy$12,803$3,201-$16,004
Fees for Services Accounting-$12,590-$12,590
Fees for Services Legal$12,000--$12,000
All Other Expenses$1,502$8,770-$10,272
Travel$2,838$1,864-$4,702
Insurance-$4,683-$4,683
Other Expenses$2,026$506-$2,532
Office Expenses$1,949$487-$2,436
Depreciation Depletion$546$137-$683
Total Functional Expenses$287,726$91,273$0$378,999

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$378,999
Total Expenses per Audited Statements$378,999
Total Expenses per Form 990$378,999
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The committees of the organization are advisory in nature and do not have the authority to act on behalf of the governing board.

Form 990, Page 6, Part VI, Line 11B

The form 990 will be reviewed by the executive director prior to filing.

Form 990, Page 6, Part VI, Line 15A

Compensation is reviewed and approved by the governing board and includes contemporaneous substantiation of the deliberation and decision.

Form 990, Page 6, Part VI, Line 19

The organization provides copies of its governing decuments and financial statements upon request.

Filing and Contact Details

Filer

Filer Name
Wakarusa Valley Development Inc
EIN
48-1029610
Phone
7857497600
Address
4824 QUAIL CREST PL STE D, LAWRENCE, KS 66049

Signing Officer

Name
Troy Roberts
Title
Executive Director
Phone
7857497600
Signed
2025-12-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Clark
Formed
1986
Legal Domicile
Ks
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
9

Preparer

Firm
Ssc Advisors Inc
Address
3320 CLINTON PARKWAY COURT SUITE 1, LAWRENCE, KS 66047
Preparer
Michele C Hammann CPA
Phone
7858384484
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from income taxes under section 501(c)(6) of the internal revenue code (irc) as provided by a determination letter received from the internal revenue service (irs). The organization is subject to tax on unrelated business income as defined by the irc. The organization has adopted the provisions of fasb asc 740-10, accounting for income taxes. This standard clarifies the accounting for uncertainty in income taxes recognized in the organizations financial statements and prescribes recognition and measurement of tax positions taken or expected to be taken on a tax return that are not certain to be realized. Management has evaluated its tax positions and has concluded that the organization has taken no uncertain tax positions that require adjustment to the financial statements. The organization files tax returns in the u.s. Federal jurisdiction. The organization is not aware of any activities that are subject to tax on unrelated business income or excise or other taxes.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AS PROVIDED BY A DETERMINATION LETTER RECEIVED FROM THE INTERNAL REVENUE SERVICE (IRS). THE ORGANIZATION IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME AS DEFINED BY THE IRC. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10, ACCOUNTING FOR INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATIONS FINANCIAL STATEMENTS AND PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMMITTEES OF THE ORGANIZATION ARE ADVISORY IN NATURE AND DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS REVIEWED AND APPROVED BY THE GOVERNING BOARD AND INCLUDES CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DECUMENTS AND FINANCIAL STATEMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WebsiteAddressTxt0WWW.WAKARUSAVALLEY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TROY ROBERTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07857497600
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAKARUSA VALLEY DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0WAKA
ReturnHeader/Filer/EIN0481029610
ReturnHeader/Filer/PhoneNum07857497600
ReturnHeader/Filer/USAddress/AddressLine1Txt04824 QUAIL CREST PL STE D
ReturnHeader/Filer/USAddress/CityNm0LAWRENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0480969601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SSC ADVISORS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03320 CLINTON PARKWAY COURT SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAWRENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd066047
ReturnHeader/PreparerPersonGrp/PhoneNum07858384484
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELE C HAMMANN CPA
ReturnHeader/ReturnTs02026-01-13T14:27:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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