KANE AREA INDUSTRIAL DEVELOPMENT CORPORATION (EIN 251420090) - 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

1957

Legal Domicile

Principal Officer

STEVE TUNALL

Phone

8148376565

Tax Period

2024-01-01 to 2024-12-31

KANE AREA INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1957, is a micro nonprofit that reported $78K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $70K left a modest 9% surplus.

Mission

LEVELS AND PROVIDE FOR FUTURE GROWTH.TO ASSIST IN THE RECRUITMENT OF NEW BUSINESS AND INDUSTRY AND TO WORK WITH EXISTING BUSINESS AND INDUSTRY TO RETAIN PRESENT

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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 $2,600

Program Service Revenue $0

Investment Income $17,615

Other Revenue $57,385

TOTAL REVENUE $77,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,493

Fundraising Expenses $0

Program Expenses $70,243

Other Expenses $3,750

TOTAL EXPENSES $70,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,600	$71,618	+0.1%
Expenses	$70,243	$59,408	+0.2%
Net Income	$7,357	$12,210	-0.4%

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

N/A

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

$62,008

Total Directors

$62,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE TUNALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRYSTAL KOCJANCIC	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN ZOOK WILSON	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE PERRY	TREASURER	1.00	Officer Director	$0	$0	$0
TOM KASE	BOARD MEMBER	1.00	Director	$0	$0	$0
DON PAYNE	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM GEER	BOARD MEMBER	1.00	Director	$0	$0	$0
NORM STROTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNINE KLOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN KENNEDY	EXECUTIVE DIRECTOR	1.00	Officer Director	$55,333	$6,675	$62,008
MARK PAPALIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON STANLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE CHITTESTER	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	$77,600	$70,243	$1,478,401	$7,357
2023	$71,618	$59,408	$1,394,625	$12,210
2022	$55,754	$53,838	$1,357,337	$1,916
2021	$75,012	$70,967	$1,337,030	$4,045
2020	$56,649	$48,431	$1,332,475	$8,218
2019	$56,109	$32,251	$1,324,279	$23,858
2018	$123,794	$7,571	$1,334,666	$116,223

KANE AREA INDUSTRIAL DEVELOPMENT CORPORATION