Civic Intelligence

Tracy Development Corporation

EIN 82-2693582 • 501(c)4 • Tracy, MN

Profile

To promote industrial, commercial and other economic development in and surrounding the City of Tracy and to further promotion of the common good and general welfare of the people in and around the City of Tracy, Minnesota.

1260 Craig AveTracy, MN 56175

n/A

Siviq Scores

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

Liabilities / Assets

89th percentile

0.39x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

40th percentile

-5.5%

Faster asset growth than 40% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$107,995

Down $6,304 (-5.5%) from 2023

Liabilities

Down

$42,000

Down $4,007 (-8.7%) from 2023

Net Assets

Down

$65,995

Down $2,297 (-3.4%) from 2023

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $4,500 (-100%) from 2023

Expenses

Up

$2,297

Up $214 (+10%) from 2023

Net Income

Down

-$2,297

Down $4,714 (-195%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

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

$150K$100K$50K$0Assets 2019: $146,075Liabilities 2019: $90,375Net Assets 2019: $55,7002019Assets 2020: $118,275Liabilities 2020: $53,143Net Assets 2020: $65,1322020Assets 2021: $119,393Liabilities 2021: $50,766Net Assets 2021: $68,6272021Assets 2022: $114,399Liabilities 2022: $48,524Net Assets 2022: $65,8752022Assets 2023: $114,299Liabilities 2023: $46,007Net Assets 2023: $68,2922023Assets 2024: $107,995Liabilities 2024: $42,000Net Assets 2024: $65,9952024

Highlighted filing

2024

Assets$107,995
Liabilities$42,000
Net Assets$65,995
Open 2024 Filing

Operations Trend

Revenue Growth3rd percentile

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

$40K$30K$20K$10K$0-$10KRevenue 2019: $30,995Expenses 2019: $19,887Net Income 2019: $11,1082019Revenue 2020: $14,227Expenses 2020: $4,795Net Income 2020: $9,4322020Revenue 2021: $6,168Expenses 2021: $2,597Net Income 2021: $3,5712021Revenue 2022: $1,200Expenses 2022: $3,952Net Income 2022: -$2,7522022Revenue 2023: $4,500Expenses 2023: $2,083Net Income 2023: $2,4172023Revenue 2024: $0Expenses 2024: $2,297Net Income 2024: -$2,2972024

Highlighted filing

2024

Revenue$0
Expenses$2,297
Net Income-$2,297
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$107,995
Liabilities
$42,000
Net assets
$65,995
Revenue
$0
Expenses
$2,297
Net income
-$2,297
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.08$0.42$0.66$0.00$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.14$0.46$0.68$0.05$0.02$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.14$0.49$0.66$0.01$0.04$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.51$0.69$0.06$0.03$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.53$0.65$0.14$0.05$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.46$0.90$0.56$0.31$0.20$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Mission and Program Overview

Mission

To promote industrial, commercial and other economic development in and surrounding the City of Tracy and to further promotion of the common good and general welfare of the people in and around the City of Tracy, Minnesota.

Program Services

DescriptionGrantsExpenses
No major events in 2024, TDC continues to raise awareness towards advancing the community's economic vitality.-$2,190
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dale Johnson IIIPresident-$0--
Jeff SalmonSec/Treasurer-$0--
John LanoueVice President-$0--
Dennis FultzDirector-$0--
Filing and Contact Details

Filer

Filer Name
Tracy Development Corporation
EIN
82-2693582
Phone
5076293400
Address
1260 Craig Ave, Tracy, MN 56175

Signing Officer

Name
Jeff Salmon
Title
Sec/Treasurer
Signed
2025-05-07
Discuss with paid preparer
Yes

Preparer

Firm
Kinner & Company Ltd
Address
404 3rd Ave PO Box 690, Brookings, SD 57006
Preparer
Nicole Y Larson
Phone
6056922515
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $128”

Other Expenses.1002

“Office Expenses $102”

Other Expenses.1008

“Interest $38”

Other Expenses.1012

“Insurance $275”

Total Liabilities.1006

“Payable to Officers, Directors, Etc. - Beginning $42000 Payable to Officers, Directors, Etc. - Ending $42000”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $4007 Secured Mortgages and Notes Payable - Ending $0”

Raw XML Appendix116 raw XML fields

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

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Jeff Salmon
IRS990EZ/BooksInCareOfDetail/PhoneNum05076293400
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01260 Craig Ave
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Tracy
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056175
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0114299
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0107995
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2297
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0330
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0114299
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0107995
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt068292
IRS990EZ/NetAssetsOrFundBalancesEOYAmt065995
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt068292
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt065995
IRS990EZ/OccupancyRentUtltsAndMaintAmt01424
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Dale Johnson III
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jeff Salmon
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2John Lanoue
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Dennis Fultz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Sec/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0543
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To promote industrial, commercial and other economic development in and surrounding the City of Tracy and to further promotion of the common good and general welfare of the people in and around the City of Tracy, Minnesota.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0No major events in 2024, TDC continues to raise awareness towards advancing the community's economic vitality.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02190
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt046007
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt042000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt02297
IRS990EZ/TotalProgramServiceExpensesAmt02190
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $128
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $102
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Interest $38
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $275
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Payable to Officers, Directors, Etc. - Beginning $42000 Payable to Officers, Directors, Etc. - Ending $42000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Secured Mortgages and Notes Payable - Beginning $4007 Secured Mortgages and Notes Payable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Total Liabilities.1006
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Total Liabilities.1007
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeff Salmon
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Sec/Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Tracy Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0TRAC
ReturnHeader/Filer/EIN0822693582
ReturnHeader/Filer/PhoneNum05076293400
ReturnHeader/Filer/USAddress/AddressLine1Txt01260 Craig Ave
ReturnHeader/Filer/USAddress/CityNm0Tracy
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056175
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460400356
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kinner & Company Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0404 3rd Ave PO Box 690
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brookings
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057006
ReturnHeader/PreparerPersonGrp/PhoneNum06056922515
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicole Y Larson
ReturnHeader/ReturnTs02025-05-07T09:40:47-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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