GRUNDY ECONOMIC DEVELOPMENT COUNCIL (EIN 223872361) - 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

2002

Legal Domicile

Phone

8159420163

Tax Period

2025-01-01 to 2025-12-31

GRUNDY ECONOMIC DEVELOPMENT COUNCIL, founded in 2002, is a small nonprofit that reported $305K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $294K left a modest 4% surplus.

Mission

THE COUNCIL PROVIDES DEVELOPMENT FUNCTIONS WITHIN GRUNDY 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 (2025)

Revenue Breakdown

Contributions & Grants $361,572

Program Service Revenue $63,467

Investment Income $59,444

Other Revenue $0

TOTAL REVENUE $484,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $356,951

Fundraising Expenses $0

Program Expenses $286,761

Other Expenses $130,131

TOTAL EXPENSES $487,082

Year-over-Year Comparison

	2025	2024	Change
Revenue	$484,483	$449,237	+0.1%
Expenses	$487,082	$405,365	+0.2%
Net Income	$-2,599	$43,872	-1.1%

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	Role	Reportable Comp	Other Comp	Total
JOHN MCCANN	CHAIR	Director	$0	$0	$0
TOM DOHM	VICE CHAIR	Director	$0	$0	$0
TERRY KERNC	SEC/TREAS	Director	$0	$0	$0
MIKE WRIGHT	PAST CHAIR	Director	$0	$0	$0
JOHN ADLER	Director	Director	$0	$0	$0
DREW MUFFLER	Director	Director	$0	$0	$0
SUZY BROWN	Director	Director	$0	$0	$0
MIKE DONNELLY	Director	Director	$0	$0	$0
RYAN HANSEN	Director	Director	$0	$0	$0
BRETT MADISON	Director	Director	$0	$0	$0
SCOTT SHANNON	Director	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	$484,483	$487,082	$560,992	$-2,599
2024	$449,237	$405,365	$564,397	$43,872
2023	$466,293	$392,438	$520,401	$73,855
2022	$362,312	$352,576	$501,002	$9,736
2021	$308,134	$291,643	$440,846	$16,491
2020	$357,531	$304,396	$423,744	$53,135
2019	$296,474	$313,686	$368,681	$-17,212
2018	$304,661	$293,751	$387,269	$10,910

GRUNDY ECONOMIC DEVELOPMENT COUNCIL