STARKE COUNTY ECONOMIC DEVELOPMENT… - 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

1985

Legal Domicile

Principal Officer

MIKIE STOGSDILL

Phone

5747725627

Tax Period

2023-07-01 to 2024-06-30

STARKE COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1985, is a small nonprofit that reported $223K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $56K, a strong 25% operating margin.

Mission

ECONOMIC DEVELOPMENT IN STARKE COUNTY

Program Service Accomplishments

Program 1

Expenses: $147,703

BRING NEW BUSINESS INTO STARKE COUNTY BY PROVIDING LOWER COST RENTAL OF BUILDINGS, MARKETING INDUSTRIAL PARKS AND WORKING WITH STARKE COUNTY INITIATIVE FOR LIFELONG LEARNING.

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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 $196,225

Program Service Revenue $0

Investment Income $35,978

Other Revenue $-8,875

TOTAL REVENUE $223,328

Expense Breakdown

Grants Paid $800

Salaries & Benefits $92,327

Fundraising Expenses $0

Program Expenses $147,703

Other Expenses $73,871

TOTAL EXPENSES $166,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,328	$301,512	-0.3%
Expenses	$166,998	$286,327	-0.4%
Net Income	$56,330	$15,185	+2.7%

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

$64,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AJ GAPPA	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE HOWELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS ESTOK	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE HERNANDEZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAY GUDEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK GOURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
AUTUMN FERCH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ISSAC BLUE	BOARD MEMBER	1.00	Director	$0	$0	$0
DENICE CULTICE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE PEARMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA PALMER-JENSEN	EXECUTIVE ASSISTANT	1.00	Director	$0	$0	$0
MELISSA MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY SHEPHERD	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY GURADO	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID ALTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF BERG	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA DAN	EXECUTIVE DIRECTOR	40.00	Officer	$63,155	$1,678	$64,833
MIKIE STOGSDILL	INCOMING EXECUTIVE DIRECTOR	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	$223,328	$166,998	$1,385,246	$56,330
2023	$301,512	$286,327	$1,353,243	$15,185
2022	$-729,931	$390,291	$1,281,756	$-1,120,222
2021	$276,944	$484,350	$5,004,902	$-207,406
2020	$361,873	$547,550	$5,164,734	$-185,677
2019	$342,570	$429,181	$5,799,086	$-86,611

STARKE COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC