PREBLE COUNTY DEVELOPMENT PARTNERS… - 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

2010

Legal Domicile

Principal Officer

JUSTIN SOMMER

Phone

9374562755

Tax Period

2023-01-01 to 2023-12-31

PREBLE COUNTY DEVELOPMENT PARTNERSHIP INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $713K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $651K left a modest 9% surplus.

Mission

TO PROMOTE AND ADVANCE THE COMMERCIAL, INDUSTRIAL AND CIVIC DEVELOPMENT OF PREBLE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $609,843 Revenue: $5,905

THE PREBLE COUNTY DEVELOPMENT PARTNERSHIP, INC. WAS FORMED TO ADDRESS IMPORTANT GROWTH AND DEVELOPMENT ISSUES AND TO ASSIST IN THE CREATION OF JOBS AND OPPORTUNITY FOR EVERYONE IN PREBLE COUNTY NOW AND IN THE FUTURE. THE PARTNERSHIP'S PROGRAM OF WORK FOCUSES ON FOUR OBJECTIVES: 1) BUSINESS RETENTION, EXPANSION, AND SUPPORT; 2) NEW BUSINESS RECRUITMENT; 3) MARKETING PREBLE COUNTY AND COMMUNITY OUTREACH; AND 4) WORKFORCE DEVELOPMENT. THE ORGANIZATION HAS ALSO PARTNERED WITH LOCAL POST-SECONDARY INSTITUTIONS TO RAISE THE EDUCATIONAL ATTAINMENT LEVEL OF THE UNDERSERVED RURAL 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $704,631

Program Service Revenue $0

Investment Income $2,512

Other Revenue $5,905

TOTAL REVENUE $713,048

Expense Breakdown

Grants Paid $411,500

Salaries & Benefits $134,762

Fundraising Expenses $0

Program Expenses $609,843

Other Expenses $105,119

TOTAL EXPENSES $651,381

Year-over-Year Comparison

	2023	2022	Change
Revenue	$713,048	$554,816	+0.3%
Expenses	$651,381	$327,287	+1.0%
Net Income	$61,667	$227,529	-0.7%

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

$123,147

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF SEWERT	CHAIR	2.00	Officer Director	$0	$0	$0
JASON TROUTWINE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CRAIG KINYON	TREASURER	1.00	Officer Director	$0	$0	$0
BRAD COLLINS	PAST-CHAIR	1.00	Director	$0	$0	$0
ERIN HARRIS	PERMANENT TRUSTEE	1.00	Director	$0	$0	$0
KATHY SMALLWOOD	PERMANENT TRUSTEE	1.00	Director	$0	$0	$0
ZACH SHAFER	PERMANENT TRUSTEE	1.00	Director	$0	$0	$0
JOE RENNER	PERMANENT TRUSTEE	1.00	Director	$0	$0	$0
HAROLD NIEHAUS	PERMANENT TRUSTEE	1.00	Director	$0	$0	$0
MIKE FREED	PERMANENT TRUSTEE	1.00	Director	$0	$0	$0
CHRIS STRASZHEIM	PERMANENT TRUSTEE	1.00	Director	$0	$0	$0
LAVON WRIGHT	PERMANENT TRUSTEE	1.00	Director	$0	$0	$0
ROB SKROBAK	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
BONNIE BAKER-TATTERSHALL	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
RICK HANES	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
SCOTT ROMAN	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
ROB BEELER	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
TIM CRAMMER	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
BRIAN VOLPATTI	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
PERRICA SHORT	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
BRIAN AULT	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
RODNEY CREECH	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
MARKUS POMPER	PRIVATE SECTOR TRUSTEE	1.00	Director	$0	$0	$0
DAVID HABER	PUBLIC SECTOR TRUSTEE	2.00	Director	$0	$0	$0
BEN GUNDERSON	PUBLIC SECTOR TRUSTEE	1.00	Director	$0	$0	$0
ERIC DOLAN	SPECIAL TRUSTEE	2.00	Director	$0	$0	$0
KAREN MOSS	SPECIAL TRUSTEE	2.00	Director	$0	$0	$0
JUSTIN SOMMER	EXECUTIVE DIRECTOR	40.00	Officer	$123,147	$0	$123,147

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	$713,048	$651,381	$1,183,435	$61,667
2022	$554,816	$327,287	$1,121,768	$227,529
2021	$298,306	$226,905	$894,239	$71,401
2020	$297,735	$185,285	$822,838	$112,450
2019	$257,245	$195,435	$710,388	$61,810
2018	$272,021	$238,526	$648,578	$33,495

PREBLE COUNTY DEVELOPMENT PARTNERSHIP INC