GIBSON COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 205369753) - 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

TAMI MUCKERHEIDE

Phone

8123861320

Tax Period

2024-01-01 to 2024-12-31

GIBSON COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $457K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $514K exceeded revenue, resulting in a 12% operating deficit.

Mission

COMMUNITY ECONOMIC DEVELOPMENT

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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 $211,350

Program Service Revenue $0

Investment Income $7,946

Other Revenue $238,069

TOTAL REVENUE $457,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,145

Fundraising Expenses $0

Program Expenses $513,521

Other Expenses $345,376

TOTAL EXPENSES $513,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,365	$365,745	+0.3%
Expenses	$513,521	$394,842	+0.3%
Net Income	$-56,156	$-29,097	+0.9%

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

$107,796

Key Employees

$155,844

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMI HACK	EXECUTIVE DIRECTOR	40.00	Director Key Emp	$107,796	$0	$107,796
DEREK MCGRAW	CHAIRMAN	5.00	Officer	$0	$0	$0
GREG WRIGHT	VICE-CHAIRMAN	5.00	Officer	$0	$0	$0
JIM ELLIOTT	TREASURER	5.00	Officer	$0	$0	$0
CHARLIE MICHEL	SECRETARY	5.00	Officer	$0	$0	$0
SUSAN CAREY	ADMINISTRATIVE ASSISTANT	40.00	Key Emp	$48,048	$0	$48,048

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	$457,365	$513,521	$1,005,477	$-56,156
2023	$365,745	$394,842	$1,072,217	$-29,097
2022	$321,567	$297,758	$1,113,719	$23,809
2021	$255,721	$285,287	$1,100,619	$-29,566
2020	$437,598	$384,946	$1,061,293	$52,652
2019	$413,882	$293,002	$1,014,572	$120,880

GIBSON COUNTY ECONOMIC DEVELOPMENT CORPORATION