SENECA INDUSTRIAL & ECONOMIC DEVELOPMENT CORP (EIN 341414993) - 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

1983

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SENECA INDUSTRIAL & ECONOMIC DEVELOPMENT CORP, founded in 1983, is a small nonprofit that reported $480K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Net assets of $1.1M represent 28 months of operating reserves.

Mission

TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR TIFFIN AND SENECA COUNTY, OHIO, BY LEADING, PROMOTING, AND FACILITATING POSITIVE ECONOMIC, COMMUNITY AND DOWNTOWN DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $452,925

Program Service Revenue $32,103

Investment Income $-37,879

Other Revenue $32,582

TOTAL REVENUE $479,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,193

Fundraising Expenses $0

Program Expenses $380,574

Other Expenses $209,146

TOTAL EXPENSES $479,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$479,731	$581,770	-0.2%
Expenses	$479,339	$583,289	-0.2%
Net Income	$392	$-1,519	-1.3%

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

281

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

$115,000

Total Directors

$115,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON MONTZ	CEO/PRESIDENT	060.00	Officer Director	$115,000	$0	$115,000
JOHN ARNOLD	DIRECTOR	001.00	Director	$0	$0	$0
LEONARD CLOUSE	DIRECTOR	001.00	Director	$0	$0	$0
ROBERT HUNTINGTON	DIRECTOR	001.00	Director	$0	$0	$0
ANDREW MORGAN	DIRECTOR	001.00	Director	$0	$0	$0
ANDREW KALNOW	DIRECTOR	001.00	Director	$0	$0	$0
TROY LEWIS	DIRECTOR	001.00	Director	$0	$0	$0
RAY COGER	DIRECTOR	001.00	Director	$0	$0	$0
BRYAN RANNIGAN	EX-OFFICIO	001.00	Director	$0	$0	$0
JOHN SPAHR JR	DIRECTOR	001.00	Director	$0	$0	$0
BEN RICHARDS	DIRECTOR	001.00	Director	$0	$0	$0
LILLIAN SCHUMACHER	CHAIRPERSON	001.00	Officer Director	$0	$0	$0
BRYCE RIGGS	EX-OFFICIO	001.00	Director	$0	$0	$0
DAVE SHELTON	DIRECTOR	001.00	Director	$0	$0	$0
ANDREW FELTER	DIRECTOR	001.00	Director	$0	$0	$0
DAN REINEKE	DIRECTOR	001.00	Director	$0	$0	$0
ZACH ARNOLD	DIRECTOR	001.00	Director	$0	$0	$0
JERRY WEININGER	DIRECTOR	001.00	Director	$0	$0	$0
TYLER SHUFF	DIRECTOR	001.00	Director	$0	$0	$0
SCOTT KROMER	SECRETARY/TREASURER	001.00	Officer Director	$0	$0	$0
GREG EDINGER	DIRECTOR	001.00	Director	$0	$0	$0
JAKE SCHAAF	DIRECTOR	001.00	Director	$0	$0	$0
ZAK WEIMER	DIRECTOR	001.00	Director	$0	$0	$0
TYLER CLOUSE	DIRECTOR	001.00	Director	$0	$0	$0
STEVE VAN DETTE	VICE CHAIRPERSON	001.00	Officer Director	$0	$0	$0
BEN NUTTER	DIRECTOR	001.00	Director	$0	$0	$0
RON SCHUMACHER	DIRECTOR	001.00	Director	$0	$0	$0
JOHN SCHULD	DIRECTOR	001.00	Director	$0	$0	$0
CHARLIE HAYWARD	DIRECTOR	001.00	Director	$0	$0	$0
DAWN IANNANTUONO	DIRECTOR	001.00	Director	$0	$0	$0
DALTON EIDT	DIRECTOR	001.00	Director	$0	$0	$0
GREG DELL	DIRECTOR	001.00	Director	$0	$0	$0
RANDY WISER	DIRECTOR	001.00	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
2024	No data	No data	No data	No data
2023	$479,731	$479,339	$1,372,933	$392
2022	$581,770	$583,289	$1,652,981	$-1,519
2021	$895,353	$584,826	$1,687,745	$310,527
2020	$1,741,938	$1,651,180	$1,161,068	$90,758
2019	$513,517	$455,612	$1,059,242	$57,905
2018	$594,695	$530,703	$1,047,860	$63,992

SENECA INDUSTRIAL & ECONOMIC DEVELOPMENT CORP