WEST CENTRAL INDIANA ECONOMIC DEVE… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

RYAN J KELLER

Phone

8122381561

Tax Period

2023-01-01 to 2023-12-31

WEST CENTRAL INDIANA ECONOMIC DEVELOPMENT DISTRICT INC, founded in 1968, is a community nonprofit in the Community Improvement sector that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 16% operating margin.

Mission

ECONOMIC DEVELOPMENT, ELDERLY SERVICES AND TRANSPORTATION PLANNING

Program Service Accomplishments

Program 1

Expenses: $4,212,103 Revenue: $2,226,759

SERVICES FOR ELDERLY AND DISABLED IN CLAY, PARKE, PUTNAM, SULLIVAN, VERMILLION AND VIGO COUNTIES

Program 2

Expenses: $440,283 Revenue: $232,759

ECONOMIC DEVELOPMENT ACTIVITIES IN CLAY, PARKE, PUTNAM, SULLIVAN, VERMILLION AND VIGO COUNTIES

Program 3

Expenses: $192,583 Revenue: $101,810

METROPOLITAN TRANSPORTATION PLANNING FOR VIGO COUNTY AND PORTIONS OF CLAY COUNTY AND RURAL TRANSPORTATION PLANNING FOR PARKE, PUTNAM, SULLIVAN, VERMILLION AND PORTIONS OF CLAY 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 (2023)

Revenue Breakdown

Contributions & Grants $4,318,226

Program Service Revenue $2,530,141

Investment Income $25,131

Other Revenue $35,485

TOTAL REVENUE $6,908,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,203,806

Fundraising Expenses $0

Program Expenses $4,844,969

Other Expenses $2,592,235

TOTAL EXPENSES $5,796,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,908,983	$5,441,220	+0.3%
Expenses	$5,796,041	$5,648,234	+0.0%
Net Income	$1,112,942	$-207,014	-6.4%

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

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

$141,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK CLINKENBEARD	MEMBER	1.00	Director	$0	$0	$0
CORY LOOKEBILL	MEMBER	1.00	Director	$0	$0	$0
BRIAN WYNDHAM	MEMBER	1.00	Director	$0	$0	$0
CHADD JENKINS	MEMBER	1.00	Director	$0	$0	$0
MARIE THEISZ	MEMBER	1.00	Director	$0	$0	$0
MELISSA BUELL	MEMBER	1.00	Director	$0	$0	$0
DAVE BERRY	MEMBER	1.00	Director	$0	$0	$0
WILLIAM BILL DORY JR	MEMBER	1.00	Director	$0	$0	$0
DOUG BATES	MEMBER	1.00	Director	$0	$0	$0
CLINT LAMB	MEMBER	1.00	Director	$0	$0	$0
DAVE WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
JINSIE BINGHAM	MEMBER	1.00	Director	$0	$0	$0
PAUL SINDERS	MEMBER	1.00	Director	$0	$0	$0
ANDY STONE	MEMBER	1.00	Director	$0	$0	$0
SAMANTHA COOPER	MEMBER	1.00	Director	$0	$0	$0
DOUG WEISHEIT	MEMBER	1.00	Director	$0	$0	$0
CAMERON MARTIN	MEMBER	1.00	Director	$0	$0	$0
CINDY COX	MEMBER	1.00	Director	$0	$0	$0
WILLIAM BILL RENNELS	MEMBER	1.00	Director	$0	$0	$0
LARRY MOSS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JIM MEECE	PRESIDENT	1.00	Officer	$0	$0	$0
TIM GARRETT	SECRETARY/VICE PRESIDENT	1.00	Officer	$0	$0	$0
DUKE BENNETT	VICE PRESIDENT	1.00	Officer	$0	$0	$0
TIM YOCUM	VICE PRESIDENT	1.00	Officer	$0	$0	$0
PHIL GICK	VICE PRESIDENT	1.00	Officer	$0	$0	$0
BOB DAVIS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
RYAN KELLER	EXECUTIVE DIR.	40.00	Officer	$118,658	$23,070	$141,728
BRIAN GARCIA	TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$6,908,983	$5,796,041	$3,950,633	$1,112,942
2022	$5,441,220	$5,648,234	$2,759,415	$-207,014
2021	$4,624,225	$4,361,781	$2,629,970	$262,444
2020	$4,831,626	$4,362,564	$2,266,090	$469,062
2019	$4,813,414	$4,651,769	$1,787,345	$161,645
2018	$4,048,149	$4,010,150	$1,715,242	$37,999

WEST CENTRAL INDIANA ECONOMIC DEVELOPMENT DISTRICT INC