THAYER COUNTY ECONOMIC DEVELOPMENT

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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

2001

Legal Domicile

Principal Officer

PAT KENNER

Phone

4027687407

Tax Period

2024-01-01 to 2024-12-31

THAYER COUNTY ECONOMIC DEVELOPMENT, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $448K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $337K, a strong 75% operating margin.

Mission

THE THAYER COUNTY ECONOMIC DEVELOPMENT ALLIANCE IS A COUNTY-WIDE PARTNERSHIP WORKING TOGETHER TO PROVIDE A STRONG ECONOMIC BASE AND QUALITY OF LIFE FOR ALL THAYER COUNTY RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $71,742

USDA REVOLVING LOAN FUNDS PROVIDE FUNDING TO NEW BUSINESS OWNERS AND/OR FOR BUSINESS EXPANSION

Program 2

Expenses: $11,869

SUPPORT THE GROWTH AND SUSTAINABILITY OF EARLY CHILDHOOD CARE AND EDUCATION.

Program 3

Expenses: $862

RECRUITING NEW BUSINESSES TO THAYER COUNTY, PROMOTE CURRENT BUSSINESS, AND SUPPORT BUSINESS EXPANSION.

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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 $268,266

Program Service Revenue $0

Investment Income $7,359

Other Revenue $172,187

TOTAL REVENUE $447,812

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,305

Fundraising Expenses $0

Program Expenses $84,755

Other Expenses $39,533

TOTAL EXPENSES $110,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,812	$843,349	-0.5%
Expenses	$110,838	$690,280	-0.8%
Net Income	$336,974	$153,069	+1.2%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI FEULNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY PEARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS ROTH	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN ROKUSEK	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA STENGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT KENNER	PRESIDENT	1.00	Officer	$0	$0	$0
RANDY HERGOTT	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
ZACH MESSMAN	SECRETARY	1.00	Officer	$0	$0	$0
DEB CRAIG	TREASURER	1.00	Officer	$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	$447,812	$110,838	$1,410,337	$336,974
2023	$843,349	$690,280	$795,068	$153,069
2022	$68,836	$84,291	$491,715	$-15,455
2021	$91,969	$103,792	$507,170	$-11,823
2020	$77,735	$35,106	$518,993	$42,629