GREENCASTLEPUTNAM CO DEVELOPMT CNT… - 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

MICHAEL CLAMPITT

Phone

7656532474

Tax Period

2024-01-01 to 2024-12-31

GREENCASTLEPUTNAM CO DEVELOPMT CNTR INC, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $204K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $188K left a modest 8% surplus.

Mission

ECONOMIC DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $99,190

ECONOMIC DEVELOPMENT AND COORDINATION OF VARIOUS DEVELOPMENT ACTIVITIES TO INCREASE THE ECONOMIC BASE AND WELL BEING OF PUTNAM COUNTY AND GREENCASTLE INDIANA AND THE CREATION OF EMPLOYMENT

Program 2

OPPORTUNITIES FOR ALL RESIDENTS OF PUTNAM COUNTY AND SURROUNDING AREAS

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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 $0

Program Service Revenue $181,525

Investment Income $16,833

Other Revenue $5,268

TOTAL REVENUE $203,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,231

Fundraising Expenses $0

Program Expenses $99,190

Other Expenses $39,309

TOTAL EXPENSES $187,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,626	$182,876	+0.1%
Expenses	$187,540	$196,022	0.0%
Net Income	$16,086	$-13,146	-2.2%

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

N/A

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

$93,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISON HENDRICH	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GIBBONEY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ISBELL SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
BOB JEDELE	DIRECTOR	1.00	Director	$0	$0	$0
BRAD TRUSLER	DIRECTOR	1.00	Director	$0	$0	$0
RICK BURGER	DIRECTOR	1.00	Director	$0	$0	$0
GREG LINTON	DIRECTOR	1.00	Director	$0	$0	$0
BEAU BAIRD	DIRECTOR	1.00	Director	$0	$0	$0
JARED GRABLE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HEAVIN	DIRECTOR	1.00	Director	$0	$0	$0
LYNDA DUNBAR	DIRECTOR	1.00	Director	$0	$0	$0
CHASE HALTOM	DIRECTOR	1.00	Director	$0	$0	$0
VINCE AGUIRRE	DIRECTOR	1.00	Director	$0	$0	$0
KERRY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RICK WOODALL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TESO	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN CLARY	EXECUTIVE DIRECTOR	40.00	Officer	$93,000	$0	$93,000
CARRIE THOMPSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LAURA ELSBROCK	SECRETARY	1.00	Officer	$0	$0	$0
MICHAEL CLAMPITT	PRESIDENT	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
2024	$203,626	$187,540	$659,463	$16,086
2023	$182,876	$196,022	$643,377	$-13,146
2022	$215,141	$185,067	$656,523	$30,074
2021	$175,110	$180,192	$626,449	$-5,082
2020	$232,313	$154,015	$670,909	$78,298
2019	$176,788	$152,385	$587,958	$24,403
2018	$171,859	$141,800	$570,600	$30,059

GREENCASTLEPUTNAM CO DEVELOPMT CNTR INC