LIGONIER INDUSTRIAL DEVELOPMENT COR

EIN: 351045487

LIGONIER, IN

Total Revenue
$-373
Total Expenses
$25,136
Total Assets
N/A
Net Assets
N/A
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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
1954
Legal Domicile
IN
Principal Officer
JOHN J MANGONA
Phone
2608943931
Tax Period
2024-01-01 to 2024-12-31

LIGONIER INDUSTRIAL DEVELOPMENT COR, founded in 1954, is a micro nonprofit that reported $373 in total revenue in fiscal year 2024.

Mission

PROMOTE INDUSTRY AND JOBS IN LIGONIER, INDIANA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-373
Other Revenue $0
TOTAL REVENUE $-373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $25,136
TOTAL EXPENSES $25,136

Year-over-Year Comparison

2024 2023 Change
Revenue $-373 $-865,227 -1.0%
Expenses $25,136 $3,064 +7.2%
Net Income $-25,509 $-868,291 -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

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Governance

Voting Members
5
Independent Members
5
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN J MANGONA PRESIDENT N/A
Officer Director
$0 $0 $0
SAMUEL W PATTON JR TREASURER N/A
Officer Director
$0 $0 $0
PATTY FISEL DIRECTOR N/A
Director
$0 $0 $0
RICK D ZOLLARS DIRECTOR N/A
Director
$0 $0 $0
BRYAN SHEARER DIRECTOR N/A
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 $-373 $25,136 No data $-25,509
2023 $-865,227 $3,064 $217,403 $-868,291
2022 $2,355 $3,523 $1,532,357 $-1,168
2021 $-21,305 $4,854 $1,091,862 $-26,159
2020 $7,967 $4,177 $1,113,021 $3,790
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