SHERMAN COUNTY ECONOMIC DEVELOPMENT INC

EIN: 264618722 501(c)(3) Community Improvement

LOUP CITY, NE

Total Revenue
$720,675
Total Expenses
$214,318
Total Assets
$1,629,110
Net Assets
$1,470,075
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NE
Principal Officer
CLAYTON SUCKSTORF
Phone
3087455040
Tax Period
2023-10-01 to 2024-09-30

SHERMAN COUNTY ECONOMIC DEVELOPMENT INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $721K in total revenue in fiscal year 2023. Revenue surged 197% from the prior year, signaling strong growth momentum. The organization ran a surplus of $506K, a strong 70% operating margin.

Mission

TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN SHERMAN COUNTY, NEBRASKA IN ORDER TO INCREASE HOUSING, BUSINESS GROWTH, AND POPULATION.

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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 $691,028
Program Service Revenue $51,325
Investment Income $1
Other Revenue $-21,679
TOTAL REVENUE $720,675

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,007
Fundraising Expenses $0
Program Expenses $214,318
Other Expenses $146,311
TOTAL EXPENSES $214,318

Year-over-Year Comparison

2023 2022 Change
Revenue $720,675 $242,285 +2.0%
Expenses $214,318 $222,016 0.0%
Net Income $506,357 $20,269 +24.0%
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
1
Volunteers
5

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CALLIE CHILEWSKI DIRECTOR 1.00
Director
$0 $0 $0
MELISSA KAPUSTKA DIRECTOR 1.00
Director
$0 $0 $0
SAMANTHA MCCARVILLE DIRECTOR 1.00
Director
$0 $0 $0
DEMI RODOCKER VICE PRESIDE 1.00
Director
$0 $0 $0
TOM BANDUR SECRETARY N/A
Officer
$0 $0 $0
MARK KRUEGER DIRECTOR 1.00
Officer
$0 $0 $0
CLAYTON SUCKSTORF PRESIDENT 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
2025 No data No data No data No data
2024 $720,675 $214,318 $1,629,110 $506,357
2023 $242,285 $222,016 $1,225,810 $20,269
2022 $267,410 $182,349 $1,455,026 $85,061
2021 $127,604 $172,134 $981,892 $-44,530
2020 $118,975 $148,181 $898,129 $-29,206
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