Jackson Economic Development Corporation (EIN 113690424) - 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

2003

Legal Domicile

Principal Officer

Clayton Lewis

Phone

5078473867

Tax Period

2023-01-01 to 2023-12-31

Jackson Economic Development Corporation, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $400K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $212K, a strong 53% operating margin.

Mission

Organization's primary function is to improve and develop the industrial needs of the community and to assist in creating jobs. The Organization is engaged principally in the development, leasing, and sale of Organization-owned properties in the Jackson, Minnesota area.

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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 $0

Program Service Revenue $330,560

Investment Income $69,904

Other Revenue $0

TOTAL REVENUE $400,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $188,939

Other Expenses $188,939

TOTAL EXPENSES $188,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,464	$754,921	-0.5%
Expenses	$188,939	$177,878	+0.1%
Net Income	$211,525	$577,043	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Anderson	Director	2.00	Director	$0	$0	$0
Jan Fransen	Director	2.00	Director	$0	$0	$0
Brandon Finck	Director	2.00	Director	$0	$0	$0
Richard Reed	Secretary	2.00	Officer Director	$0	$0	$0
Richard Koch	Director	2.00	Director	$0	$0	$0
Robert Arp	Director	2.00	Director	$0	$0	$0
Todd Asa	Director	2.00	Director	$0	$0	$0
Scott Reimer	Director	2.00	Director	$0	$0	$0
Donald Kuehl	Treasurer	2.00	Officer Director	$0	$0	$0
Kent Bargfrede	Director	2.00	Director	$0	$0	$0
Clayton Lewis	Director	2.00	Director	$0	$0	$0
Dave Lovell	Director	2.00	Director	$0	$0	$0
Bill Henning	Director	2.00	Director	$0	$0	$0
Troy Rasmussen	Director	2.00	Director	$0	$0	$0
Shawn Foster	President	2.00	Officer Director	$0	$0	$0
Chelsea Honnette	Vice President	2.00	Officer 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	No data	No data	No data	No data
2023	$400,464	$188,939	$6,774,861	$211,525
2022	$754,921	$177,878	$6,563,336	$577,043
2021	$324,449	$152,237	$7,580,763	$172,212
2020	$180,940	$202,052	$6,574,429	$-21,112
2019	$469,078	$230,250	$7,456,860	$238,828
2018	$678,230	$216,740	$7,916,006	$461,490

Jackson Economic Development Corporation