STARKE COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC

EIN: 311139615

KNOX, IN

Total Revenue
$223,328
Total Expenses
$166,998
Total Assets
$1,385,246
Net Assets
$1,347,908
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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
IN
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

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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%)

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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

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Governance

Voting Members
19
Independent Members
17
Employees
3
Volunteers
18

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
5
$64,833
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
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
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