SANDUSKY COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 341424666) - 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

1987

Legal Domicile

Principal Officer

BETH HANNAM

Phone

4193322882

Tax Period

2024-01-01 to 2024-12-31

SANDUSKY COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit that reported $333K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $308K left a modest 8% surplus.

Mission

PROMOTING ECONOMIC DEVELOPMENT OF SANDUSKY COUNTY.

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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 $326,278

Program Service Revenue $0

Investment Income $7,113

Other Revenue $0

TOTAL REVENUE $333,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,357

Fundraising Expenses $28,919

Program Expenses $217,729

Other Expenses $99,160

TOTAL EXPENSES $307,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$333,391	$365,135	-0.1%
Expenses	$307,517	$334,553	-0.1%
Net Income	$25,874	$30,582	-0.2%

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

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

$82,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH HANNAM	EXECUTIVE DI	40.00	Officer	$82,490	$0	$82,490
HANS ROSEBROCK	DIRECTOR	1.00	Director	$0	$0	$0
KENDALL RIEMAN	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
BRUCE SCHRADER	SECRETARY	1.00	Officer Director	$0	$0	$0
WADE WEAVER	1ST VICE PRE	0.50	Officer Director	$0	$0	$0
PHIL RUDOLPH JR	DIRECTOR	0.50	Director	$0	$0	$0
BOB GROSS	DIRECTOR	0.50	Director	$0	$0	$0
DR RON SCHUMACHER	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT KUSMER	DIRECTOR	0.50	Director	$0	$0	$0
ANGIE MORELOCK	DIRECTOR	0.50	Director	$0	$0	$0
HAL HAWK	DIRECTOR	0.50	Director	$0	$0	$0
DAVE SABO	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN GEFFE	PRESIDENT	0.50	Director	$0	$0	$0
JUSTIN LABENNE	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BENAVIDES	2ND VICE PRE	0.50	Director	$0	$0	$0
TY TRACY	DIRECTOR	0.50	Director	$0	$0	$0
KEN SWINT	TREASURER	0.50	Director	$0	$0	$0
ROGER KUNS	DIRECTOR	0.50	Director	$0	$0	$0
RUSS ZIMMERMAN	DIRECTOR	0.50	Director	$0	$0	$0
MARC GLOTZBECKER	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT LANG	DIRECTOR	0.50	Director	$0	$0	$0
RYAN DELAND	DIRECTOR	0.50	Director	$0	$0	$0
JEFF CHOQUETTE	DIRECTOR	0.50	Director	$0	$0	$0
TYLER KNEESKERN	DIRECTOR	0.50	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	$333,391	$307,517	$481,105	$25,874
2023	$365,135	$334,553	$379,456	$30,582
2022	$286,661	$380,002	$396,812	$-93,341
2021	$336,295	$237,590	$414,460	$98,705
2020	$348,098	$229,016	$348,407	$119,082
2019	$351,944	$230,143	$209,317	$121,801
2018	$322,592	$276,417	$148,011	$46,175

SANDUSKY COUNTY ECONOMIC DEVELOPMENT CORPORATION