LINCOLN COUNTY ECONOMIC DEVELOPMENT COUNCIL (EIN 204994743) - 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

2007

Legal Domicile

Phone

5097251170

Tax Period

2023-07-01 to 2024-06-30

LINCOLN COUNTY ECONOMIC DEVELOPMENT COUNCIL, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $216K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $287K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR SOCIAL WELFARE PURPOSES, SPECIFICALLY RELATED TO ECONOMIC DEVELOPMENT FOR LINCOLN 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 (2023)

Revenue Breakdown

Contributions & Grants $155,000

Program Service Revenue $45,719

Investment Income $5,557

Other Revenue $9,523

TOTAL REVENUE $215,799

Expense Breakdown

Grants Paid $174,986

Salaries & Benefits $56,635

Fundraising Expenses $0

Program Expenses $198,898

Other Expenses $55,010

TOTAL EXPENSES $286,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$215,799	$293,885	-0.3%
Expenses	$286,631	$145,683	+1.0%
Net Income	$-70,832	$148,202	-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
JANICE MEATS	EXECUTIVE DIRECTOR	40.00		$58,152	$0	$58,152
DALE SWANT	President	0.00	Officer Director	$0	$0	$0
REX HARDER	Director	0.00	Director	$0	$0	$0
JAMIE MANCHESTER	Secretary	0.00	Officer Director	$0	$0	$0
BRETT EMMERT	Vice President	0.00	Officer Director	$0	$0	$0
ROSS FELICE	Director	0.00	Director	$0	$0	$0
DON PHILLIPS	Treasurer	0.00	Officer Director	$0	$0	$0
SCOTT HUTSELL	Director	0.00	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
2025	No data	No data	No data	No data
2024	$215,799	$286,631	$482,728	$-70,832
2023	$293,885	$145,683	$578,142	$148,202
2022	$271,575	$148,974	$428,273	$122,601
2021	$471,908	$395,668	$335,409	$76,240
2020	$204,639	$169,386	$263,989	$35,253

LINCOLN COUNTY ECONOMIC DEVELOPMENT COUNCIL