MINERAL COUNTY ECONOMIC (EIN 200775875) - 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

2012

Legal Domicile

Principal Officer

Sharon Patterson

Phone

4062800252

Tax Period

2023-01-01 to 2023-12-31

MINERAL COUNTY ECONOMIC, founded in 2012, is a micro nonprofit in the Community Improvement sector that reported $14K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 148% operating deficit.

Mission

Mineral County Economic Development Corp (MCEDC) serves as a conduit for community and economic development. MCEDC serves as a facilitator service for many organizations, county, city, and state government. The expenses incurred by this service is considered as the organizations way of showing support for those entities that are served. No expenses are incureed. While MCEDC is a service organization to facilitate economic and community growth our services reach 500-1,000 people for each program that we facilitate.

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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 $14,389

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,159

Fundraising Expenses $0

Program Expenses $0

Other Expenses $9,584

TOTAL EXPENSES $35,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,389	$63,582	-0.8%
Expenses	$35,743	$72,565	-0.5%
Net Income	$-21,354	$-8,983	+1.4%

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

$24,419

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Park	Director	10	Key Emp	$24,419	$0	$24,419
Kathleen Brown	Board President	5	Director	$0	$0	$0
James O DeBree	Board Vice President	5	Director	$0	$0	$0
Carol Young	Board Member	5	Director	$0	$0	$0
Erin Woodson	Board Member	5	Director	$0	$0	$0
Sharon Patterson	Sec/Treas	10	Director	$0	$0	$0
Dan Fultz	Board Member	5	Director	$0	$0	$0
Bessie Spangler	Board member	5	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
2023	$14,389	$35,743	$77,313	$-21,354

MINERAL COUNTY ECONOMIC