ADAMS COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 232165947) - 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

1960

Legal Domicile

Principal Officer

ROBIN FITZPATRICK

Phone

7173340042

Tax Period

2024-01-01 to 2024-12-31

ADAMS COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1960, is a small nonprofit that reported $893K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $800K left a modest 10% surplus.

Mission

IT IS THE MISSION OF THE ADAMS COUNTY ECONOMIC DEVELOPMENT CORPORATION TO DEVELOP AND IMPLEMENT CREATIVE COMMUNITY-BASED STRATEGIES TO ENHANCE ECONOMIC OPPORTUNITY AND FOSTER A DYNAMIC FRAMEWORK FOR BALANCED GROWTH AND 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 $411,979

Program Service Revenue $430,322

Investment Income $31,468

Other Revenue $19,007

TOTAL REVENUE $892,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $489,425

Fundraising Expenses $0

Other Expenses $310,379

TOTAL EXPENSES $799,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$892,776	$667,695	+0.3%
Expenses	$799,804	$643,580	+0.2%
Net Income	$92,972	$24,115	+2.9%

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

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

$247,554

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETE MARTIN	CHAIR	2.00	Officer Director	$0	$0	$0
CARRIE NACE	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
SHANON TOAL	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE COGLIANO	PAST CHAIR	2.00	Officer Director	$0	$0	$0
CARRIE STUART	BOARD MEMBER	2.00	Director	$0	$0	$0
CHAD COLLIE	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID LAUGHMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTY QUALLY	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK BAIR	BOARD MEMBER	2.00	Director	$0	$0	$0
SHAWN ECKENRODE	BOARD MEMBER	2.00	Director	$0	$0	$0
RON HANKEY	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA HARTMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KARL PEITRZAK	BOARD MEMBER	2.00	Director	$0	$0	$0
NED LEPPO	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE RASMUSSEN	TREASURER	2.00	Officer Director	$0	$0	$0
SARAH MESSER	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE STEINOUR	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBIN FITZPATRICK	PRESIDENT	40.00	Officer	$120,339	$29,103	$149,442
KAYCEE KEMPER	VICE PRESIDENT	40.00	Officer	$82,172	$15,940	$98,112

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	$892,776	$799,804	$2,955,538	$92,972
2023	$667,695	$643,580	$3,073,988	$24,115
2022	$545,277	$567,040	$2,928,974	$-21,763
2021	$578,405	$498,579	$3,137,424	$79,826
2020	$569,432	$479,224	$3,230,343	$90,208
2019	$556,687	$492,115	$3,275,113	$64,572
2018	$576,099	$497,481	$3,391,947	$78,618

ADAMS COUNTY ECONOMIC DEVELOPMENT CORPORATION