LAMOILLE ECONOMIC DEVELOPMENT CORP (EIN 030221525) - 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

1968

Legal Domicile

Principal Officer

PATRICK RIPLEY

Phone

8028885640

Tax Period

2023-07-01 to 2024-06-30

LAMOILLE ECONOMIC DEVELOPMENT CORP, founded in 1968, is a small nonprofit in the Community Improvement sector that reported $249K in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 18% operating margin.

Mission

LEDC'S MISSION IS TO STRENGTHEN LAMOILLE COUNTY'S ECONOMY THROUGH FACILITATING THE CREATION AND EXPANSION OF JOBS AND BUSINESSES AND INVESTING IN THE PROSPERITY OF LAMOILLE COUNTY'S COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $142,067

Program Service Revenue $85,055

Investment Income $22,035

Other Revenue $0

TOTAL REVENUE $249,157

Expense Breakdown

Grants Paid $32,800

Salaries & Benefits $100,139

Fundraising Expenses $0

Other Expenses $70,772

TOTAL EXPENSES $203,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,157	$105,330	+1.4%
Expenses	$203,711	$163,765	+0.2%
Net Income	$45,446	$-58,435	-1.8%

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

Volunteers

N/A

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

$92,500

Total Directors

$92,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH WOODIN	DIRECTOR	1.00	Director	$0	$0	$0
TINA NORTON	TREASURER	1.00	Officer Director	$0	$0	$0
GREG TATRO	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK VANDENBERG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEREMY ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
ERIK REMMERS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK RIPLEY	EXECUTIVE DIRECTOR	40.00	Officer Director	$85,000	$7,500	$92,500
GEOFFREY LINDEMER	DIRECTOR	1.00	Director	$0	$0	$0
DODY DAY	DIRECTOR	1.00	Director	$0	$0	$0
CONRAD HARRIS	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$249,157	$203,711	$935,686	$45,446
2023	$105,330	$163,765	$848,077	$-58,435
2022	$206,624	$129,976	$876,516	$76,648
2021	$269,315	$172,196	$823,482	$97,119
2020	$160,935	$178,989	$732,581	$-18,054
2019	$159,608	$192,881	$748,773	$-33,273

LAMOILLE ECONOMIC DEVELOPMENT CORP