ECONOMIC DEVELOPMENT PARTNERSHIP OF HILLSDALE COUNTY INC (EIN 208088576) - 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

Principal Officer

SUSAN SMITH

Phone

5174373200

Tax Period

2023-07-01 to 2024-06-30

ECONOMIC DEVELOPMENT PARTNERSHIP OF HILLSDALE COUNTY INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $341K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $61K, a strong 18% operating margin.

Mission

PROVIDE ECONOMIC DEVELOPMENT TO HILLSDALE COUNTY, MICHIGAN

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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 $276,658

Program Service Revenue $57,288

Investment Income $7,530

Other Revenue $0

TOTAL REVENUE $341,476

Expense Breakdown

Grants Paid $93,831

Salaries & Benefits $153,349

Fundraising Expenses $0

Program Expenses $265,130

Other Expenses $32,836

TOTAL EXPENSES $280,016

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,476	$299,538	+0.1%
Expenses	$280,016	$292,018	0.0%
Net Income	$61,460	$7,520	+7.2%

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
RICK SCHAERER	CHAIR	N/A	Officer Director	$0	$0	$0
DON GERMANN	VICE CHAIR	N/A	Officer Director	$0	$0	$0
KELLY HODSHIRE	TREASURER	N/A	Officer Director	$0	$0	$0
VICKI MORRIS	SECRETARY	N/A	Officer Director	$0	$0	$0
JEREMIAH HODSHIRE	DIRECTOR	N/A	Director	$0	$0	$0
DAVID MACKIE	DIRECTOR	N/A	Director	$0	$0	$0
KELLY LOPRESTO	DIRECTOR	N/A	Director	$0	$0	$0
JEFF GRAY	DIRECTOR	N/A	Director	$0	$0	$0
GREG MOORE	DIRECTOR	N/A	Director	$0	$0	$0
COREY PARKER	DIRECTOR	N/A	Director	$0	$0	$0
RON GRIFITH	DIRECTOR	N/A	Director	$0	$0	$0
KYM BLYTHE	DIRECTOR	N/A	Director	$0	$0	$0
WANDA WHITE	DIRECTOR	N/A	Director	$0	$0	$0
DOUG INGLES	DIRECTOR	N/A	Director	$0	$0	$0
JOHN CONDON	DIRECTOR	N/A	Director	$0	$0	$0
TROY REEHL	DIRECTOR	N/A	Director	$0	$0	$0
SALLY CLARK	DIRECTOR	N/A	Director	$0	$0	$0
TONY SAMON	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS POLING	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	$341,476	$280,016	$559,024	$61,460
2023	$299,538	$292,018	$500,710	$7,520
2022	$254,139	$239,431	$500,175	$14,708
2021	$208,934	$168,697	$497,319	$40,237
2020	$209,598	$196,373	$463,931	$13,225
2019	$290,064	$273,581	$436,952	$16,483

ECONOMIC DEVELOPMENT PARTNERSHIP OF HILLSDALE COUNTY INC