LIBERTY ECONOMIC DEVELOPMENT CORPO… - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

RALPH BOOTS

Phone

8168832503

Tax Period

2024-01-01 to 2024-12-31

LIBERTY ECONOMIC DEVELOPMENT CORPORATION is a small nonprofit in the Community Improvement sector that reported $203K in total revenue in fiscal year 2024.

Mission

INCREASE ECONOMIC DEVELOPMENT IN CLAY COUNTY MISSOURI AND LIBERTY MISSOURI IN PARTICULAR

Program Service Accomplishments

Program 1

ACTIVITIES TO PROMOTE AND INCREASE ECONOMIC DEVELOPMENT IN THE LIBERY, MO AREA THROUGH ADVERTISING AND MARKETING AT INDUSTRY CONFERENCES.

Program 2

LINK BUSINESS FACILITATION OFFERS ONE-ON-ONE CONFIDENTIAL ASSISTANCE TO SMALL BUSINESSES IN THE LIBERTY, MISSOURI 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 (2024)

Revenue Breakdown

Contributions & Grants $200,565

Program Service Revenue $0

Investment Income $2,296

Other Revenue $0

TOTAL REVENUE $202,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,080

Fundraising Expenses $16,374

Other Expenses $37,005

TOTAL EXPENSES $197,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,861	$187,840	+0.1%
Expenses	$197,085	$198,915	0.0%
Net Income	$5,776	$-11,075	-1.5%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR RAGHU ADIGA	DIRECTOR	N/A	Director	$0	$0	$0
GREG CANUTESON	DIRECTOR	N/A	Director	$0	$0	$0
INA CAVIN	DIRECTOR	N/A	Director	$0	$0	$0
GREG CROWLEY	PAST CHAIRMA	N/A	Officer Director	$0	$0	$0
SHANE DAVOLT	DIRECTOR	N/A	Director	$0	$0	$0
AUSTIN FEE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN FISHER	DIRECTOR	N/A	Director	$0	$0	$0
MATT FORTIER	TREASURER	N/A	Officer Director	$0	$0	$0
KRISTIE GRIBBLE	DIRECTOR	N/A	Director	$0	$0	$0
MARK HARDING	DIRECTOR	N/A	Director	$0	$0	$0
DAN HEGEMAN	DIRECTOR	N/A	Director	$0	$0	$0
WALTER HOLT	DIRECTOR	N/A	Director	$0	$0	$0
DENNIS MCINTIRE	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
KENT PETERSON	CHAIRMAN	N/A	Officer Director	$0	$0	$0
GAYLE POTTER	DIRECTOR	N/A	Director	$0	$0	$0
TONY REINHART	DIRECTOR	N/A	Director	$0	$0	$0
JIM RUCKER	SECRETARY	N/A	Officer Director	$0	$0	$0
DEREK SCHOENBERG	DIRECTOR	N/A	Director	$0	$0	$0
BRANDON SMITH	DIRECTOR	N/A	Director	$0	$0	$0
ELLEN TODD	DIRECTOR	N/A	Director	$0	$0	$0
DR JEREMY TUCKER	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL VANBUSKIRK	DIRECTOR	N/A	Director	$0	$0	$0
DR ELIZABETH MACLEOD WALLS	DIRECTOR	N/A	Director	$0	$0	$0
CURT WENSON	DIRECTOR	N/A	Director	$0	$0	$0
GERALD WICKLUND	DIRECTOR	N/A	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	$202,861	$197,085	$73,398	$5,776
2023	$187,840	$198,915	$66,844	$-11,075
2022	$217,855	$214,837	$77,702	$3,018

LIBERTY ECONOMIC DEVELOPMENT CORPORATION