RUTLAND ECONOMIC DEVELOPMENT CORP (EIN 030264949) - 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

1977

Legal Domicile

Principal Officer

LYLE JEPSON

Phone

8027732747

Tax Period

2023-10-01 to 2024-09-30

RUTLAND ECONOMIC DEVELOPMENT CORP, founded in 1977, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

TO USE COLLABORATION, CREATIVITY, AND INGENUITY TO CREATE A REGIONAL ECONOMIC CLIMATE CONDUCIVE TO BUSINESS GROWTH BY RECRUITING TALENT AND BUSINESSES OF ALL KINDS, GROWING AND RETAINING EMPLOYERS, WHILE CREATING A BRIDGE TO COMMUNITY AND CULTURAL ORGANIZATIONS WHICH PROMOTE HEALTHY AND VIBRANT NEIGHBORHOODS AND ENHANCE THE QUALITY OF LIFE IN RUTLAND COUNTY.

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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 $1,437,945

Program Service Revenue $293,290

Investment Income $63,459

Other Revenue $-44,424

TOTAL REVENUE $1,750,270

Expense Breakdown

Grants Paid $71,571

Salaries & Benefits $745,092

Fundraising Expenses $62,861

Other Expenses $884,363

TOTAL EXPENSES $1,701,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,750,270	$2,069,858	-0.2%
Expenses	$1,701,026	$1,166,276	+0.5%
Net Income	$49,244	$903,582	-0.9%

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

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

$116,699

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYLE JEPSON	EXECUTIVE DI	40.00	Officer	$113,300	$3,399	$116,699
SHANA LOUISELLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
RUSS MARSAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KAREN GARROW	TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL MORA	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN CASELLA III	DIRECTOR	1.00	Director	$0	$0	$0
SUE BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
MARY COHEN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH FURMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN GOULETTE	DIRECTOR	1.00	Director	$0	$0	$0
GINA GROVE	DIRECTOR	1.00	Director	$0	$0	$0
ROLF HIRSCHMANN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KEYSER	DIRECTOR	1.00	Director	$0	$0	$0
AMY LARAMIE	DIRECTOR	1.00	Director	$0	$0	$0
GREG MCCLALLEN	DIRECTOR	1.00	Director	$0	$0	$0
BILL MOORE	DIRECTOR	1.00	Director	$0	$0	$0
TRACI MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
MARK WERLE	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
2024	$1,750,270	$1,701,026	$3,849,591	$49,244
2023	$2,069,858	$1,166,276	$3,964,933	$903,582
2022	$962,268	$752,699	$2,569,298	$209,569
2021	$1,109,239	$795,780	$2,538,435	$313,459
2020	$477,645	$457,341	$2,159,087	$20,304
2019	$439,266	$436,462	$2,234,541	$2,804
2018	$466,600	$425,758	$2,360,138	$40,842

RUTLAND ECONOMIC DEVELOPMENT CORP