WESTFIELD ECONOMIC DEVELOPMENT FD

EIN: 262259201 501(c)(3) Community Improvement

WESTFIELD, IN

Total Revenue
$12,005
Total Expenses
$799
Total Assets
$74,483
Net Assets
$74,483
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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
IN
Principal Officer
RANDY ZENTZ
Phone
3177304959
Tax Period
2023-01-01 to 2023-12-31

WESTFIELD ECONOMIC DEVELOPMENT FD, founded in 2008, is a micro nonprofit in the Community Improvement sector that reported $12K in total revenue in fiscal year 2023. The organization ran a surplus of $11K, a strong 93% operating margin.

Mission

PUBLIC BENEFIT CORPORATION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $5
Other Revenue $12,000
TOTAL REVENUE $12,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $773
Other Expenses $799
TOTAL EXPENSES $799

Year-over-Year Comparison

2023 2022 Change
Revenue $12,005 $12,211 0.0%
Expenses $799 $748 +0.1%
Net Income $11,206 $11,463 0.0%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAI CHUCK TREASURER N/A
Officer
$0 $0 $0
DANIELLE CAREY TOLAN SECRETARY N/A
Officer
$0 $0 $0
RANDY ZENTZ PRESIDENT N/A
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
2023 $12,005 $799 $74,483 $11,206
2022 $12,211 $748 $63,277 $11,463
2021 $12,009 $6,428 $51,814 $5,581
2020 $206,093 $848,892 $46,233 $-642,799
2019 $465,757 $95,830 No data $369,927
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