ELLIS COUNTY DEVELOPMENT CORPORATI… - 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

Phone

7856283102

Tax Period

2021-01-01 to 2021-12-31

ELLIS COUNTY DEVELOPMENT CORPORATION, founded in 2012, is a small nonprofit that reported $120K in total revenue in fiscal year 2021. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $43K, a strong 36% operating margin.

Mission

TO DEVELOP A COMMUNITY CONVENTION CENTER FOR USE AS A PUBLIC FACILITY OPERATED IN CONJUNCTION WITH FORT HAYS STATE UNIVERSITY TO SUPPORT COMMUNITY DEVELOPMENT AND EDUCATION, INCLUDING USE AS A LEARNING TOOL AND TRAINING CENTER FOR FORT HAYS STATE UNIVERSITY'S TOURISM AND HOSPITALITY MANAGMENT/MARKETING/LEADERSHIP CURRICULUM AND NORTH CENTRAL KANSAS TECHNICAL COLLEGE'S CULINARY ARTS PROGRAM; SEEK FUNDING THROUGH FEDERAL, STATE, AND FOUNDATION GRANTS TO CREATE TRAINING PROGRAMS AND FACILITIES TO MEET INDUSTRY NEEDS FOR SKILLED WORKERS TO TRAIN UNDEREMPLOYED AND UNEMPLOYED INDIVIDUALS; SERVE AS A CATALYST TO ATTRACT PRIVATE INVESTMENT TO DEVELOP AFFORDABLE HOUSING; FOSTER EDUCATION RESEARCH IN AREAS OF AGRICULTURE SCIENCE, BIOSCIENCE, AND ALTERNATIVE ENERGY; AND DEVELOP PROGRAMS CONSISTENT WITH THE GOAL OF PREVENTING COMMUNITY DETERIORATION.

Program Service Accomplishments

Program 1

Expenses: $65,831

SEEK FUNDING THROUGH FEDERAL, STATE, AND FOUNDATION GRANTS TO CREATE TRAINING PROGRAMS AND FACILITIES TO MEET INDUSTRY NEEDS FOR SKILLED WORKERS AND TO TRAIN UNDEREMPLOYED AND UNEMPLOYED INDIVIDUALS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $79,538

Program Service Revenue $39,596

Investment Income $1,020

Other Revenue $0

TOTAL REVENUE $120,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,831

Other Expenses $77,449

TOTAL EXPENSES $77,449

Year-over-Year Comparison

	2021	2020	Change
Revenue	$120,154	$145,177	-0.2%
Expenses	$77,449	$106,286	-0.3%
Net Income	$42,705	$38,891	+0.1%

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

N/A

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
JOANNAH APPLEQUIST	Director	1.00	Director	$0	$0	$0
ABIGAIL CRANDALL	Director	1.00	Director	$0	$0	$0
KAREN DREILING	Past President	1.00	Officer Director	$0	$0	$0
DOUG WILLIAMS	Executive Dir.	1.00	Officer Director	$0	$0	$0
MARK HESS	Director	1.00	Director	$0	$0	$0
EDDIE HERRMAN	President	1.00	Officer Director	$0	$0	$0
GINA REIDEL	Vice President	1.00	Officer 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
2021	$120,154	$77,449	No data	$42,705
2020	$145,177	$106,286	$1,465,516	$38,891
2019	$195,680	$83,077	$1,203,212	$112,603

ELLIS COUNTY DEVELOPMENT CORPORATION