ALBION ECONOMIC DEVELOPMENT CORPORATION (EIN 320108328) - 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

2003

Legal Domicile

Principal Officer

JEFFREY C JARECKI

Phone

4023954453

Tax Period

2024-04-01 to 2025-03-31

ALBION ECONOMIC DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $151K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $142K left a modest 6% surplus.

Mission

ORGANIZATION'S PURPOSE IS TO PROMOTE DEVELOPMENT IN THE ALBION TRADE AREA BY LOANING FUNDS AND/OR PROVIDING ECONOMIC ASSISTANCE

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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 $12,227

Program Service Revenue $64,203

Investment Income $74,270

Other Revenue $0

TOTAL REVENUE $150,700

Expense Breakdown

Grants Paid $75,989

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $65,576

TOTAL EXPENSES $141,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,700	$1,498,759	-0.9%
Expenses	$141,565	$184,710	-0.2%
Net Income	$9,135	$1,314,049	-1.0%

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

N/A

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
MICHELLE GRAGERT	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY C JARECKI	PRESIDENT/DI	1.00	Officer Director	$0	$0	$0
SAMANTHA KLEVELAND	DIRECTOR	1.00	Director	$0	$0	$0
BROCK KUESTER	DIRECTOR	1.00	Director	$0	$0	$0
TONY LEVANDER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MOELLER	DIRECTOR	1.00	Director	$0	$0	$0
ANDY ROBERTS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STEVEN RUZEK	TREASURER	5.00	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	$150,700	$141,565	$2,317,314	$9,135
2024	$1,498,759	$184,710	$2,308,179	$1,314,049
2023	$402,607	$181,497	$809,384	$221,110
2022	$157,458	$116,563	$588,274	$40,895
2021	$99,844	$68,123	$547,379	$31,721
2020	$38,014	$114,140	$515,658	$-76,126
2019	$220,066	$76,976	$591,784	$143,090

ALBION ECONOMIC DEVELOPMENT CORPORATION