SHIAWASSEE ECONOMIC DEVELOPMENT PARTNERSHIP INC (EIN 263911625) - 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

2009

Legal Domicile

Principal Officer

JUSTIN HORVATH

Phone

9897259241

Tax Period

2025-01-01 to 2025-12-31

SHIAWASSEE ECONOMIC DEVELOPMENT PARTNERSHIP INC, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2025. Expenses of $1.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO IMPROVE SHIAWASSEE COUNTY'S ECONOMY THROUGH A PROGRAM OF BUSINESS ATTRACTION, RETENTION, EXPANSION, AND ENTREPRENEURIAL DEVELOPMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $929,334

Program Service Revenue $3,156

Investment Income $21,199

Other Revenue $135,655

TOTAL REVENUE $1,089,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,868

Fundraising Expenses $0

Other Expenses $836,866

TOTAL EXPENSES $1,218,734

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,089,344	$1,019,599	+0.1%
Expenses	$1,218,734	$819,798	+0.5%
Net Income	$-129,390	$199,801	-1.6%

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

$128,092

Total Directors

$128,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN HORVATH	CEO	40.00	Officer Director	$111,384	$16,708	$128,092
TOM BRIDGES THOMAS S BRIDGES ATTORN	TREASURER	2.00	Officer Director	$0	$0	$0
MATT STRNAD HUNTINGTON BANK	TRUSTEE	2.00	Director	$0	$0	$0
SAM GHANNAM HORIZON BANK	TRUSTEE	2.00	Director	$0	$0	$0
RON MALLORY MALLORY BUILDING	TRUSTEE	2.00	Director	$0	$0	$0
MIKE KONOPACKE BAKER COLLEGE	TRUSTEE	2.00	Director	$0	$0	$0
CHARLENE HEBEKEUSER TRI-MER CORP	TRUSTEE	2.00	Director	$0	$0	$0
JOE SAWYER CITY OF CORUNNA	TRUSTEE	2.00	Director	$0	$0	$0
GARY HOLZHAUSEN SHIAWASSEE COUNTY	TRUSTEE	2.00	Director	$0	$0	$0
COLLIN ROSE DAYSTARR	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN BOGGS CITY OF DURAND	TRUSTEE	2.00	Director	$0	$0	$0
RAFAEL TURNER CONSUMERS ENERGY	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS TAPHOUSE COVENANT EYES	TRUSTEE	2.00	Director	$0	$0	$0
PAUL COOK COOK FAMILY FOUNDATION	TRUSTEE	2.00	Director	$0	$0	$0
BRYAN MARKS GREAT LAKES FUSHION	CHAIR	2.00	Officer Director	$0	$0	$0
BEN FREDERICK MEMORIAL HEALTHCARE	TRUSTEE	2.00	Director	$0	$0	$0
ERIC WALTHER CREST MARINE	TRUSTEE	2.00	Director	$0	$0	$0
NATHAN HENNE CITY OF OWOSSO	TRUSTEE	2.00	Director	$0	$0	$0
MORGAN BEILFUSS HOME OFFICE REALTY	TRUSTEE	2.00	Director	$0	$0	$0
DAVID SCHULTE SHIAWASSEE RESD	TRUSTEE	2.00	Director	$0	$0	$0
KENT EDWARDS ROWE PROFESSIONAL SEV	TRUSTEE	2.00	Director	$0	$0	$0
SHELLY ORCHODNICKY CALEDONIA TOWNSH	TRUSTEE	2.00	Director	$0	$0	$0
DIANE KRAJCOVIC OWOSSO TOWNSHIP	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK FRASER PERRY TOWNSHIP	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
SAM MARIUZ FEIS AND VANDENBRINK	TRUSTEE	2.00	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	$1,089,344	$1,218,734	$429,157	$-129,390
2024	No data	No data	No data	No data
2023	$750,354	$718,091	$340,020	$32,263
2022	$468,084	$530,309	$285,543	$-62,225
2021	$687,438	$546,080	$386,438	$141,358
2020	$558,720	$431,962	$348,267	$126,758
2019	$410,604	$405,704	$104,587	$4,900
2018	$381,146	$354,047	$97,547	$27,099

SHIAWASSEE ECONOMIC DEVELOPMENT PARTNERSHIP INC