LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION (EIN 300363760) - 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

2006

Legal Domicile

Principal Officer

RACHEL HAZARAY

Phone

7657424044

Tax Period

2023-01-01 to 2023-12-31

LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $8.7M in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $8.4M left a modest 4% surplus.

Mission

THE CORPORATION IS ORGANIZED TO ENHANCE THE ECONOMIC VITALITY, QUALITY OF LIFE, AND SOCIAL WELFARE OF THE CITIZENS OF LAFAYETTE, WEST LAFAYETTE, TIPPECANOE COUNTY,AND THE WEST CENTRAL REGION OF INDIANA-SEE SCHEDULE O

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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 $7,573,111

Program Service Revenue $1,115,156

Investment Income $55,696

Other Revenue $0

TOTAL REVENUE $8,743,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,377,238

Fundraising Expenses $82,488

Program Expenses $6,639,122

Other Expenses $7,007,545

TOTAL EXPENSES $8,384,783

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,743,963	$4,383,419	+1.0%
Expenses	$8,384,783	$4,234,207	+1.0%
Net Income	$359,180	$149,212	+1.4%

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

594

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

$247,465

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WALKER	PRESIDENT &	40.00	Officer	$50,486	$45,521	$247,465
RACHEL HAZARAY	CHAIR	0.50	Officer Director	$0	$0	$0
JODY HAMILTON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BOB SMITH	TREASURER	0.50	Officer Director	$0	$0	$0
JIM OLDS	SECRETARY	0.50	Officer Director	$0	$0	$0
KIM ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
DR AARON BAUTE	DIRECTOR	0.50	Director	$0	$0	$0
DAN CAMPION	DIRECTOR	0.50	Director	$0	$0	$0
DR MUNG CHIANG	DIRECTOR	0.50	Director	$0	$0	$0
JOHN CHRISTODOULAKIS	DIRECTOR	0.50	Director	$0	$0	$0
LISA DECKER	DIRECTOR	0.50	Director	$0	$0	$0
MAYOR JOHN DENNIS	DIRECTOR	0.50	Director	$0	$0	$0
JANET FOX	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL FRICKER	DIRECTOR	0.50	Director	$0	$0	$0
ROBERTO GALLARDO	DIRECTOR	0.50	Director	$0	$0	$0
STACY GROVE	DIRECTOR	0.50	Director	$0	$0	$0
STUART GUTWEIN	DIRECTOR	0.50	Director	$0	$0	$0
JOE HART	DIRECTOR	0.50	Director	$0	$0	$0
JEANNA KNEPPER	DIRECTOR	0.50	Director	$0	$0	$0
GARY LEHMAN	DIRECTOR	0.50	Director	$0	$0	$0
DAVE MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
TOM MURTAUGH	DIRECTOR	0.50	Director	$0	$0	$0
ALPEN PATEL	DIRECTOR	0.50	Director	$0	$0	$0
MAYOR TONY ROSWARSKI	DIRECTOR	0.50	Director	$0	$0	$0
ART VASQUEZ	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH WHITTAKER	DIRECTOR	0.50	Director	$0	$0	$0
DONTE WILBURN	DIRECTOR	0.50	Director	$0	$0	$0
JORDAN WYSONG	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$8,743,963	$8,384,783	$7,453,493	$359,180
2022	$4,383,419	$4,234,207	$5,290,744	$149,212
2021	$2,407,037	$2,203,241	$8,692,255	$203,796
2020	$1,947,709	$2,031,138	$7,831,863	$-83,429
2019	$1,967,702	$2,140,160	$7,410,372	$-172,458
2018	$3,710,838	$1,958,576	$6,902,474	$1,752,262

LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION