Spoon River Partnership for Economic Development (EIN 050633175) - 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

2006

Legal Domicile

Principal Officer

Susan Baldwin

Phone

3096472677

Tax Period

2024-07-01 to 2025-06-30

Spoon River Partnership for Economic Development, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $388K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 20% operating margin.

Mission

Dedicated to serve as a catalyst for economic and community development by capitalizing on community partnerships, business development opportunities and implementation

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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 (2024)

Revenue Breakdown

Contributions & Grants $365,950

Program Service Revenue $0

Investment Income $3,129

Other Revenue $18,605

TOTAL REVENUE $387,684

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $121,988

Fundraising Expenses $0

Program Expenses $239,643

Other Expenses $184,490

TOTAL EXPENSES $310,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$387,684	$261,338	+0.5%
Expenses	$310,478	$158,549	+1.0%
Net Income	$77,206	$102,789	-0.2%

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

Total Directors

Key Employees

$60,408

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tad Derenzy	Director	0.50	Director	$0	$0	$0
Todd Fletcher	Secretary	0.50	Officer Director	$0	$0	$0
Chris Jump	Director	0.50	Director	$0	$0	$0
Susan Baldwin	President	0.50	Officer Director	$0	$0	$0
Jed Rhoades	Director	0.50	Director	$0	$0	$0
Todd Miller	Director	0.50	Director	$0	$0	$0
Curt Oldfield	Treasurer	0.50	Officer Director	$0	$0	$0
Sarah Keefer	Director	0.50	Director	$0	$0	$0
Holly Henline	Vice President	0.50	Officer Director	$0	$0	$0
Elaine Stone	Director	0.50	Director	$0	$0	$0
Erin Ahart	Director	5.00	Director	$0	$0	$0
Patrick O'Brien	Director	5.00	Director	$0	$0	$0
Lauren Southwood	Director	0.50	Director	$0	$0	$0
Seth Klinedinst	Director	0.50	Director	$0	$0	$0
Doug Falk	Director	0.50	Director	$0	$0	$0
Michelle Spiva	Executive Director	40.00	Key Emp Highest	$60,408	$0	$60,408

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	$387,684	$310,478	$554,880	$77,206
2024	$261,338	$158,549	$482,800	$102,789
2023	$224,753	$223,690	$399,854	$1,063
2022	$296,700	$237,393	$419,527	$59,307
2021	$272,408	$225,128	$367,455	$47,280
2020	$198,251	$191,967	$261,911	$6,284
2019	$223,352	$211,885	$259,767	$11,467

Spoon River Partnership for Economic Development