VALPARAISO ECONOMIC DEVELOPMENT CORP (EIN 311104871) - 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

1984

Legal Domicile

Principal Officer

REX RICHARDS

Phone

2194621105

Tax Period

2022-01-01 to 2022-12-31

VALPARAISO ECONOMIC DEVELOPMENT CORP, founded in 1984, is a small nonprofit in the Community Improvement sector that reported $152K in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $138K left a modest 9% surplus.

Mission

BUSINESS ATTRACTION AND RETENTION

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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 (2022)

Revenue Breakdown

Contributions & Grants $151,600

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $151,610

Expense Breakdown

Grants Paid $9,284

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,575

Other Expenses $128,720

TOTAL EXPENSES $138,004

Year-over-Year Comparison

	2022	2021	Change
Revenue	$151,610	$655,670	-0.8%
Expenses	$138,004	$478,015	-0.7%
Net Income	$13,606	$177,655	-0.9%

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
REX RICHARDS	PRESIDENT	10.00	Officer	$0	$0	$0
DALE CLAPP	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
LISA KIGER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE JESSEN	TREASURER	1.00	Officer Director	$0	$0	$0
JON SCHMALTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIK BACK	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JOE COAR	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
DENISE CONLON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
ASHLEY DICKINSON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
GEORGE DOUGLAS	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
TODD ETZLER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
ERIC JOHNSON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KYLE KUEBLER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
PATRICK LYP	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
LARRY MOORE	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
NICK SOMMER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MATT WELTER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
CHUCK WILLIAMS	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
RANDALL ZROMKOSKI	BOARD OF DIRECTORS	1.00	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
2022	$151,610	$138,004	$59,998	$13,606
2021	$655,670	$478,015	$38,762	$177,655
2020	$446,410	$597,764	$5,715,114	$-151,354
2019	$448,854	$606,397	$5,701,550	$-157,543
2018	$447,473	$613,085	$5,733,614	$-165,612

VALPARAISO ECONOMIC DEVELOPMENT CORP