SPENCER-OWEN COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 311183771) - 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

1986

Legal Domicile

Principal Officer

TODD GARDNER

Phone

8128293245

Tax Period

2024-01-01 to 2024-12-31

SPENCER-OWEN COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1986, is a small nonprofit that reported $305K in total revenue in fiscal year 2024. Expenses of $261K left a modest 14% surplus.

Mission

PROMOTE ECONOMIC DEVELOPMENT AND STIMULATE BUSINESS WITHIN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $139,133

Program Service Revenue $101,245

Investment Income $6,818

Other Revenue $57,472

TOTAL REVENUE $304,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,581

Fundraising Expenses $1,315

Program Expenses $259,772

Other Expenses $115,506

TOTAL EXPENSES $261,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,668	$301,254	+0.0%
Expenses	$261,087	$260,731	+0.0%
Net Income	$43,581	$40,523	+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

Volunteers

N/A

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
TODD GARDNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS CONNER	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
TODD DURNIL	BOARD MEMBER	2.00	Director	$0	$0	$0
BRAD KEISER	BOARD MEMBER	2.00	Director	$0	$0	$0
BRUCE HAMLIN	EDC CHAIR	2.00	Director	$0	$0	$0
NICOLE PLUNKETT	BOARD MEMBER	2.00	Director	$0	$0	$0
LIZ IRWIN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ANDY CLINE	BOARD MEMBER	2.00	Director	$0	$0	$0
AARON LA GRANGE	BOARD MEMBER	2.00	Director	$0	$0	$0
DANELL WITMER	BOARD MEMBER	2.00	Director	$0	$0	$0
BRANDI HAMILTON	BOARD MEMBER	2.00	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
2024	$304,668	$261,087	$441,422	$43,581
2023	$301,254	$260,731	$388,928	$40,523
2022	$221,264	$247,176	$348,169	$-25,912
2021	$282,073	$193,415	$375,447	$88,658
2020	$222,216	$265,762	$240,560	$-43,546
2019	$214,413	$193,178	$278,741	$21,235
2018	$198,791	$145,732	$244,672	$53,059

SPENCER-OWEN COUNTY ECONOMIC DEVELOPMENT CORPORATION