MARSHALL COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 260873218) - 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

2007

Legal Domicile

Principal Officer

GREG HILDEBRAND

Phone

5749362395

Tax Period

2024-01-01 to 2024-12-31

MARSHALL COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $621K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $7.2M represent 140 months of operating reserves.

Mission

MARKETING AND BUSINESS RECRUITMENT IN MARSHALL COUNTY

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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 $503,923

Program Service Revenue $18,611

Investment Income $98,755

Other Revenue $0

TOTAL REVENUE $621,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,126

Fundraising Expenses $0

Other Expenses $342,048

TOTAL EXPENSES $622,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$621,289	$680,031	-0.1%
Expenses	$622,174	$554,430	+0.1%
Net Income	$-885	$125,601	-1.0%

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

$93,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG HILDEBRAND	PRESIDENT/CEO	40.00	Officer	$93,370	$0	$93,370
BILL DAVIS	CHAIR	1.00	Officer Director	$0	$0	$0
GREG MILLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK UMBAUGH	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CHELSEA SMITH	MEMBER	1.00	Director	$0	$0	$0
DON FOX	MEMBER	1.00	Director	$0	$0	$0
RON LEE	MEMBER	1.00	Director	$0	$0	$0
JOHN DESALLE	MEMBER	1.00	Director	$0	$0	$0
PATTI KITCH	MEMBER	1.00	Director	$0	$0	$0
LORETTA SCHMIDT	MEMBER	1.00	Director	$0	$0	$0
LAURA VERVYNCKT	MEMBER	1.00	Director	$0	$0	$0
ERIC HOLSOPPLE	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	$621,289	$622,174	$7,579,229	$-885
2023	$680,031	$554,430	$7,945,064	$125,601
2022	$981,963	$814,902	$7,856,949	$167,061
2021	$4,348,568	$1,208,929	$9,776,802	$3,139,639
2020	$960,540	$1,012,650	$4,796,360	$-52,110
2019	$262,898	$954,804	$1,004,532	$-691,906

MARSHALL COUNTY ECONOMIC DEVELOPMENT CORPORATION