SHERMAN COUNTY ECONOMIC DEVELOPMEN… - Form 990 Financial Data

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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

2012

Legal Domicile

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.

Program Service Accomplishments

Program 1

ADMINISTRATION OF REVOLVING LOAN PROGRAM AND LB 840 PROGRAM TO IMPROVE COMMUNITY THROUGH ECONOMIC DEVELOPMENT INCENTIVES ULTIMATELY BENEFITING APPROX. 3,200 PERSONS.

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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

SHERMAN COUNTY ECONOMIC DEVELOPMENT INC