KERR-TAR REGIONAL ECONOMIC DEVELOPMENT CORPORATION (EIN 203115014) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

DAN BRUMMITT

Phone

2524362040

Tax Period

2023-07-01 to 2024-06-30

KERR-TAR REGIONAL ECONOMIC DEVELOPMENT CORPORATION, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $304K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $394K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE CORPORATION WAS FORMED FOR THE PURPOSE OF PROMOTING AND SUPPORTING ECONOMIC AND COMMUNITY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $263,000

Program Service Revenue $0

Investment Income $3,453

Other Revenue $37,094

TOTAL REVENUE $303,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $340,811

Other Expenses $394,497

TOTAL EXPENSES $394,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,547	$279,831	+0.1%
Expenses	$394,497	$280,300	+0.4%
Net Income	$-90,950	$-469	+192.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
MARK SPEED	BOARD MEMBER	Director	$0	$0	$0
TIM KARAN	BOARD MEMBER	Director	$0	$0	$0
ABDUL RASHEED	BOARD MEMBER	Director	$0	$0	$0
LESLIE SCOTT	BOARD MEMBER	Director	$0	$0	$0
KEITH SMITH	BOARD MEMBER	Director	$0	$0	$0
JOHN ALSTON	BOARD MEMBER	Director	$0	$0	$0
MARSHALL TANNER	BOARD MEMBER	Director	$0	$0	$0
SHANE MITCHELL	BOARD MEMBER	Director	$0	$0	$0
JENNIFER JORDAN-PIERCE	BOARD MEMBER	Director	$0	$0	$0
ROBERT FLEMING	BOARD MEMBER	Director	$0	$0	$0
ADAM MCCONNELL	BOARD MEMBER	Director	$0	$0	$0
N/A	PRESIDENT		$0	$0	$0
N/A	TREASURER		$0	$0	$0
N/A	CHAIRMAN		$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
2025	No data	No data	No data	No data
2024	$303,547	$394,497	$13,048,261	$-90,950
2023	$279,831	$280,300	$13,264,104	$-469
2022	$204,730	$263,703	$13,582,772	$-58,973
2021	$591,746	$303,214	$13,639,021	$288,532
2020	$266,592	$304,908	$13,463,628	$-38,316
2019	$362,406	$340,127	$13,565,895	$22,279

KERR-TAR REGIONAL ECONOMIC DEVELOPMENT CORPORATION