NORTHSIDE INDUSTRIAL DEVELOPMENT COMPANY (EIN 251452789) - 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

1983

Legal Domicile

Principal Officer

JUAN GARRETT

Phone

4123223523

Tax Period

2024-07-01 to 2025-06-30

NORTHSIDE INDUSTRIAL DEVELOPMENT COMPANY, founded in 1983, is a community nonprofit in the Employment sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 31% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO ENGAGE IN ACTIVITIES THAT CULTIVATE A HEALTHY ENVIRONMENT FOR THE REGION'S DIVERSE ENTREPRENEURS AND SMALL BUSINESSES TO PROSPER.

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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 $650,971

Program Service Revenue $1,252,923

Investment Income $508,174

Other Revenue $1,048,463

TOTAL REVENUE $3,460,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $803,336

Fundraising Expenses $25,063

Program Expenses $1,816,088

Other Expenses $1,588,297

TOTAL EXPENSES $2,391,633

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,460,531	$2,004,107	+0.7%
Expenses	$2,391,633	$2,773,159	-0.1%
Net Income	$1,068,898	$-769,052	-2.4%

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

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

$155,828

Total Directors

$155,828

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERRILL STABILE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LEONHARDT	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HARRIS	1ST CHAIR	1.00	Officer Director	$0	$0	$0
PETE HANLON	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL KNOOP	CHAIR	1.00	Officer Director	$0	$0	$0
RHASLYN MCGHEE PHD	SECRETARY (LEFT 2/1/24)	1.00	Officer Director	$0	$0	$0
GEORGE ROBINSON II	DIRECTOR	1.00	Director	$0	$0	$0
F CONNELLY THIEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JUAN GARRETT	EXECUTIVE DIRECTOR	40.00	Officer Director	$143,250	$12,578	$155,828
AMBER FARR	DIRECTOR	1.00	Director	$0	$0	$0
MATT MOHN	DIRECTOR	1.00	Director	$0	$0	$0
LEE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
KYLE D HIGGENS	DIRECTOR (AS OF 2/1/25)	1.00	Director	$0	$0	$0
MONICA STANTON	DIRECTOR (AS OF 2/1/25)	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
2025	$3,460,531	$2,391,633	$3,568,630	$1,068,898
2024	No data	No data	No data	No data
2023	$2,807,174	$3,145,934	$3,388,935	$-338,760
2022	$4,393,853	$2,932,996	$3,675,922	$1,460,857
2021	$2,026,370	$2,891,598	$3,768,625	$-865,228
2020	$3,143,783	$2,984,090	$4,973,808	$159,693
2019	$2,187,023	$2,657,608	$4,656,290	$-470,585
2018	$4,047,039	$1,645,378	$5,462,034	$2,401,661

NORTHSIDE INDUSTRIAL DEVELOPMENT COMPANY