INDIANA COUNTY DEVELOPMENT CORP (EIN 251116057) - 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

1961

Legal Domicile

Principal Officer

JOSEPH RESCHINI

Phone

7244653870

Tax Period

2023-01-01 to 2023-12-31

INDIANA COUNTY DEVELOPMENT CORP, founded in 1961, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Net assets of $15.2M represent 85 months of operating reserves.

Mission

PROMOTE 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 (2023)

Revenue Breakdown

Contributions & Grants $500,000

Program Service Revenue $118,839

Investment Income $576

Other Revenue $1,537,021

TOTAL REVENUE $2,156,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,914

Fundraising Expenses $0

Program Expenses $2,161,676

Other Expenses $2,113,377

TOTAL EXPENSES $2,297,291

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,156,436	$2,450,089	-0.1%
Expenses	$2,297,291	$2,167,271	+0.1%
Net Income	$-140,855	$282,818	-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

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

$143,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRON STAUFFER	EXECUTIVE DI	40.00	Director	$139,243	$4,177	$143,420
DAVID G ANTOLIK	BOARD MEMEBE	1.00	Director	$0	$0	$0
DENNIS BRAY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TODD BRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD CLAWSON	SECRETARY-TR	1.00	Officer Director	$0	$0	$0
STEPHEN FERRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK HOLUTA	ASSISTANT TR	1.00	Officer Director	$0	$0	$0
TIMOTHY J KRONENWETTER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE KUZNESKI	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE REED	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH RESCHINI	PRESIDENT	2.00	Officer Director	$0	$0	$0
MELISSA STEFFEY	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS TEAL	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES WILEY	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$2,156,436	$2,297,291	$31,423,097	$-140,855
2022	$2,450,089	$2,167,271	$31,919,593	$282,818
2021	$1,850,586	$2,226,019	$31,398,854	$-375,433
2020	$2,124,505	$2,122,388	$31,201,637	$2,117
2019	$3,392,939	$2,293,387	$31,249,366	$1,099,552
2019	$3,709,852	$2,293,387	$31,566,279	$1,416,465
2018	$3,774,109	$2,473,633	$29,089,835	$1,300,476

INDIANA COUNTY DEVELOPMENT CORP