SHELBY COUNTY ECONOMIC DEVELOPMENT BOARD INC (EIN 262042864) - 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

2008

Legal Domicile

Principal Officer

Timothy Lacy

Phone

6307474103

Tax Period

2023-01-01 to 2023-12-31

SHELBY COUNTY ECONOMIC DEVELOPMENT BOARD INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $220K in total revenue in fiscal year 2023. Revenue surged 1086% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 45% operating margin.

Mission

ECONOMIC DEVELOPMENT FOR SHELBY COUNTY MISSOURI.

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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 $219,816

Program Service Revenue $0

Investment Income $22

Other Revenue $0

TOTAL REVENUE $219,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,751

Fundraising Expenses $0

Program Expenses $120,784

Other Expenses $27,033

TOTAL EXPENSES $120,784

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,838	$18,532	+10.9%
Expenses	$120,784	$14,080	+7.6%
Net Income	$99,054	$4,452	+21.2%

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

$182,826

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDELINE BRUMBAUGH	EMPLOYEE	40	Key Emp Highest	$64,693	$64,693	$129,386
Jolie Foreman	Employee	40	Key Emp	$13,360	$13,360	$26,720
Lily White	Employee	40	Key Emp	$13,360	$13,360	$26,720
JOE BERTI	BRD MEMBER	2	Director	$0	$0	$0
JOHN MCLCAME	BRD MEMBER	2	Director	$0	$0	$0
MARAUO TORO	BRD MEMBER	2	Director	$0	$0	$0
STEPHANE BENDER	BRD MEMBER	2	Director	$0	$0	$0
PERRY MEFFORD	BRD MEMBER	2	Director	$0	$0	$0
TIMOTHY LACY	PRESIDENT	2	Officer	$0	$0	$0
CHRIS WISE	TREASURER	2	Officer	$0	$0	$0
ANDREW COON	SECRETARY	2	Officer	$0	$0	$0
AL DIMITT	BRD VICE CHAIRMAN	2	Key Emp	$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	$219,838	$120,784	$127,137	$99,054

SHELBY COUNTY ECONOMIC DEVELOPMENT BOARD INC