MUHLENBERG ECONOMIC GROWTH ALLIANCE (EIN 274215892) - 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

2010

Legal Domicile

Principal Officer

KAREN R ROBINSON

Phone

2703384102

Tax Period

2024-01-01 to 2024-12-31

MUHLENBERG ECONOMIC GROWTH ALLIANCE, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $600K, a strong 29% operating margin.

Mission

The Corporation was formed to recruit and promote new and existing industrial business to Muhlenberg County and immediate area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,027,103

Program Service Revenue $0

Investment Income $14,964

Other Revenue $8,428

TOTAL REVENUE $2,050,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $339,655

Fundraising Expenses $0

Other Expenses $1,110,962

TOTAL EXPENSES $1,450,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,050,495	$782,582	+1.6%
Expenses	$1,450,617	$506,578	+1.9%
Net Income	$599,878	$276,004	+1.2%

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

N/A

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

$154,583

Key Employees

$268,083

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND A HAGERMAN	EXECUTIVE DIRECTOR	040.00	Director Key Emp Highest	$154,583	$0	$154,583
KAREN ROBINSON	ASSISTANT DIRECTOR	040.00	Key Emp	$67,000	$0	$67,000
N/A	DEVELOP ANALYST	040.00	Key Emp	$46,500	$0	$46,500
CONTESSA ORR	BOARD	001.00	Director	$0	$0	$0
LEE FAUNTLEROY	BOARD	001.00	Director	$0	$0	$0
ELIZABETH GENTRY	BOARD	001.00	Director	$0	$0	$0
DARRIN BENTON	BOARD	001.00	Director	$0	$0	$0
GARY JONES	BOARD	001.00	Director	$0	$0	$0
ED HEATH	BOARD	001.00	Director	$0	$0	$0
N/A	VICE CHAIRMAN	002.00	Officer Director	$0	$0	$0
RYAN RICE	BOARD	001.00	Director	$0	$0	$0
TODD CARTWRIGHT	CHAIRMAN	002.00	Officer Director	$0	$0	$0
TONY ARMOUR	BOARD	001.00	Director	$0	$0	$0
A D POLLOCK	BOARD	001.00	Director	$0	$0	$0
JOSH RANDALL	BOARD	001.00	Director	$0	$0	$0
MARK POGUE	BOARD	001.00	Director	$0	$0	$0
TERRI RICE	BOARD	001.00	Director	$0	$0	$0
CINDY KELLY	BOARD	001.00	Director	$0	$0	$0
EDDIE DEARMOND	BOARD	001.00	Director	$0	$0	$0
MACK MCGEHEE	BOARD	001.00	Director	$0	$0	$0
JASON VINCENT	BOARD	001.00	Director	$0	$0	$0
JON ROGERS	BOARD	001.00	Director	$0	$0	$0
DEAN ROWE	BOARD	001.00	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
2024	$2,050,495	$1,450,617	$4,370,894	$599,878
2023	$782,582	$506,578	$2,249,056	$276,004
2022	$553,235	$305,572	$1,725,720	$247,663
2021	$348,754	$354,510	$1,545,179	$-5,756
2020	$655,228	$327,083	$1,484,627	$328,145

MUHLENBERG ECONOMIC GROWTH ALLIANCE