ALBION, NE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
ORGANIZATION'S MISSION IS TO PROMOTE DEVELOPMENT IN THE ALBION TRADE AREA BY LOANING FUNDS OR FURNISHING SITES AND BUILDINGS FOR INDUSTRIES INTERESTED IN LOCATING IN ALBION AND ITS TRADE TERRITORY.
THE ALBION ECONOMIC DEVELOPMENT CORPORATION (AEDC) IS FOCUSED ON ECONOMIC AND CIVIC DEVELOPMENT IN THE ALBION, NE AREA. DURING THE FISCAL YEAR ENDED MARCH 31, 2025, IT GAVE A LAND GRANT TO BOONE...
THE ALBION ECONOMIC DEVELOPMENT CORPORATION (AEDC) IS FOCUSED ON ECONOMIC AND CIVIC DEVELOPMENT IN THE ALBION, NE AREA. DURING THE FISCAL YEAR ENDED MARCH 31, 2025, IT GAVE A LAND GRANT TO BOONE BEGINNINGS FOR THE DEVELOPMENT OF A NON-PROFIT CHILD CARE FACILITY. IT ALSO PROVIDED CASH GRANTS TO BOONE BEGINNINGS FOR SAID FACILITY AND A CASH GRANT TO THE BOONE COUNTY AGRICULUTURAL EDUCATION CENTER FOR THE FAIRGROUNDS PROJECT. FUTURE PROJECTS IN DEVELOPMENT INCLUDE AFFORDABLE HOUSING DEVELOPMENTS, WHICH ARE IN PROGRESS. SEVERAL GRANTS WERE ALSO GIVEN FOR INFRASTRUCE DEVELOPMENT AND DOWNTOWN IMPROVEMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2026 | No data | No data | No data | No data |
| 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 |
Compare ALBION ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Nebraska and across the country.