Union County Development Corp (EIN 311200063) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Union County Development Corp, founded in 1981, is a small nonprofit that reported $375K in total revenue in fiscal year 2023. Revenue surged 263% from the prior year, signaling strong growth momentum. Expenses of $350K left a modest 7% surplus.

Mission

The organization exists to promote tourism and economic development in the Union County Indiana region.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $414,678

Program Service Revenue $0

Investment Income $0

Other Revenue $-39,361

TOTAL REVENUE $375,317

Expense Breakdown

Grants Paid $279,489

Salaries & Benefits $48,424

Fundraising Expenses $0

Program Expenses $349,711

Other Expenses $21,648

TOTAL EXPENSES $349,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$375,317	$103,273	+2.6%
Expenses	$349,711	$85,208	+3.1%
Net Income	$25,606	$18,065	+0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cyrus G Johnson	UCDC Director	32.00	Director Highest	$0	$0	$0
Steve Logue	Secretary	0.00	Officer Director	$0	$0	$0
Julie Coffman	Vice President	0.00	Officer Director	$0	$0	$0
Brian Bias	President	2.00	Officer Director	$0	$0	$0
Diana Bourne	Treasurer	0.00	Officer Director	$0	$0	$0
Melissa Browning	Former UCDC Director	32.00		$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	No data	No data	No data	No data
2023	$375,317	$349,711	$63,946	$25,606
2022	$103,273	$85,208	$38,340	$18,065
2021	$382,314	$375,807	$20,275	$6,507
2020	$85,379	$87,572	$38,162	$-2,193
2019	$67,906	$85,952	$21,763	$-18,046
2018	$60,687	$66,638	$24,629	$-5,951

Union County Development Corp