LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 200274228) - 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

David Churchwell

Phone

7197759070

Tax Period

2024-01-01 to 2024-12-31

LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $179K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $42K, a strong 23% operating margin.

Mission

Education

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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 $128,654

Program Service Revenue $0

Investment Income $46,157

Other Revenue $4,139

TOTAL REVENUE $178,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,093

Fundraising Expenses $0

Program Expenses $137,187

Other Expenses $21,094

TOTAL EXPENSES $137,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,950	$162,333	+0.1%
Expenses	$137,187	$133,704	+0.0%
Net Income	$41,763	$28,629	+0.5%

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

Total Directors

Key Employees

$108,053

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Troy McCue	Executive Director	45	Key Emp	$80,000	$0	$82,357
Raejean Palko	SBDC Assistant	32	Key Emp	$25,104	$0	$25,696
Dave Williams	Director	1	Director	$0	$0	$0
Randy Younger	Secretary	2	Director	$0	$0	$0
Steve Burgess	Director	1	Director	$0	$0	$0
Ron Christensen	Director	1	Director	$0	$0	$0
Dave Dobbs	Director	1	Director	$0	$0	$0
Trey Ford	Director	1	Director	$0	$0	$0
Brad Harr	Director	1	Director	$0	$0	$0
Taylor Henderson	Director	1	Director	$0	$0	$0
Chuck Kinkel	Director	1	Director	$0	$0	$0
Doug Ratzlaff	Director	1	Director	$0	$0	$0
Kevin Stansbury	Director	1	Director	$0	$0	$0
Greg Tacha	Director	1	Director	$0	$0	$0
Patricia Vice	Director	1	Director	$0	$0	$0
James Emmerling	Director	1	Director	$0	$0	$0
Jonathan Hart	Director	1	Director	$0	$0	$0
Robbin Schincke	Director	1	Director	$0	$0	$0
Tim Anderson	Director	1	Director	$0	$0	$0
David Churchwell	President	4	Officer	$0	$0	$0
Linda Hawthorne	Treasurer	4	Officer	$0	$0	$0
Donna Metcalf	Vice President	2	Officer	$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	$178,950	$137,187	$283,867	$41,763

LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION