NOBLE COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 203870502) - 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

2006

Legal Domicile

Principal Officer

MELANIE KELLOGG

Phone

2606363800

Tax Period

2022-01-01 to 2022-12-31

NOBLE COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $332K in total revenue in fiscal year 2022. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 338% operating deficit.

Mission

TO PROVIDE COORDINATED ECONOMIC DEVELOPMENT RESOURCES PROMOTING THE ASSETS OF NOBLE COUNTY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $331,350

Program Service Revenue $0

Investment Income $374

Other Revenue $0

TOTAL REVENUE $331,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,532

Fundraising Expenses $0

Program Expenses $1,421,548

Other Expenses $1,407,189

TOTAL EXPENSES $1,451,721

Year-over-Year Comparison

	2022	2021	Change
Revenue	$331,724	$637,411	-0.5%
Expenses	$1,451,721	$638,887	+1.3%
Net Income	$-1,119,997	$-1,476	+757.8%

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

$20,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY GATMAN	EXEC DIRECTO	1.00	Officer	$20,058	$0	$20,058
JEREMY BARRON	VICE PRESIDE	1.00	Director	$0	$0	$0
GRACE CASWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF DYSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTY FISEL	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA GREMAUX	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE HANDSHOE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
ANITA HESS	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART HOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB IHRIE	SECRETARY	1.00	Director	$0	$0	$0
TOM JANES	BOARD MEMBER	1.00	Director	$0	$0	$0
MELANIE KELLOGG	EXECUTIVE DI	N/A	Director	$0	$0	$0
TOM LEEDY	BOARD MEMBER	1.00	Director	$0	$0	$0
LES NIVENS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
HOLLY PFEIFFER	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN SCHERER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM WALMSLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH WENTWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
TENA WOENKER	TREASURER	1.00	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
2022	$331,724	$1,451,721	No data	$-1,119,997
2021	$637,411	$638,887	$1,119,997	$-1,476
2020	$490,664	$726,059	$1,121,473	$-235,395
2019	$386,077	$477,014	$1,360,711	$-90,937
2018	$369,448	$875,869	$1,455,329	$-506,421

NOBLE COUNTY ECONOMIC DEVELOPMENT CORPORATION