SPENCER-OWEN COUNTY ECONOMIC DEVEL… - 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

1986

Legal Domicile

Principal Officer

TODD GARDNER

Phone

8128293245

Tax Period

2025-01-01 to 2025-12-31

SPENCER-OWEN COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1986, is a small nonprofit that reported $317K in total revenue in fiscal year 2025.

Mission

PROMOTE ECONOMIC DEVELOPMENT AND STIMULATE BUSINESS WITHIN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $298,325 Revenue: $84,145

TO STIMULATE BUSINESS, CONTINUE TO INCREASE THE VALUE OF THE MEMBERSHIP, AND TO CREATE MORE OPPORTUNITIES FOR ECONOMIC GROWTH 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 (2025)

Revenue Breakdown

Contributions & Grants $185,166

Program Service Revenue $84,145

Investment Income $11,020

Other Revenue $37,161

TOTAL REVENUE $317,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,526

Fundraising Expenses $800

Program Expenses $311,597

Other Expenses $142,871

TOTAL EXPENSES $312,397

Year-over-Year Comparison

	2025	2024	Change
Revenue	$317,492	$304,668	+0.0%
Expenses	$312,397	$261,087	+0.2%
Net Income	$5,095	$43,581	-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

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 LAGRANGE	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
RYNE SHADDAY	BOARD MEMBER	2.00	Director	$0	$0	$0
SALLY BURKS-ELMORE	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
2025	$317,492	$312,397	$431,480	$5,095
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