NEW CASTLE HENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 351497780) - 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

1980

Legal Domicile

Principal Officer

JENNIFER FOX

Phone

7655217402

Tax Period

2024-01-01 to 2024-12-31

NEW CASTLE HENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1980, is a small nonprofit that reported $572K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

TO FOSTER A STRONG ECONOMIC ENVIRONMENT THAT SUPPORTS BUSINESSES.

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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 $175,000

Program Service Revenue $272,514

Investment Income $5,551

Other Revenue $118,741

TOTAL REVENUE $571,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,395

Fundraising Expenses $0

Other Expenses $367,813

TOTAL EXPENSES $587,208

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,806	$477,455	+0.2%
Expenses	$587,208	$461,894	+0.3%
Net Income	$-15,402	$15,561	-2.0%

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

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

$114,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY MURPHY	EXECUTIVE DI	40.00	Officer	$114,000	$0	$114,000
JENNIFER FOX	CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN RING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIRBY PURCIFUL	SECRETARY	1.00	Officer Director	$0	$0	$0
JON MADISON	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT HAYES	DIRECTOR AT	1.00	Officer Director	$0	$0	$0
MIKE BROYLES	IMMEDIATE PA	1.00	Director	$0	$0	$0
CHAD MALICOAT	CO. COUNCIL	1.00	Officer Director	$0	$0	$0
GREG YORK	MAYOR	1.00	Officer Director	$0	$0	$0
DR KYLE BARRENTINE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN BRAMLETT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIANNA CHAPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE DELLINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN FALCK-NEAL	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT FROST	BOARD MEMBER	1.00	Director	$0	$0	$0
CARA HUFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH HUTCHENS	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRIN JACOBS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHONDA KANE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LABARR	BOARD MEMBER	1.00	Director	$0	$0	$0
NATE LAMAR	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULETTE LEES	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM LINGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
REX PECKINPAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM PETTY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PIDGEON	BOARD MEMBER	1.00	Director	$0	$0	$0
FORREST PLANK	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MATT SHOEMAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MONTFORD SWITZER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON THOM	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA TRUE	BOARD MEMBER	1.00	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	$571,806	$587,208	$462,590	$-15,402
2023	$477,455	$461,894	$446,441	$15,561
2022	$428,732	$495,259	$430,054	$-66,527
2021	$764,835	$606,491	$497,145	$158,344
2020	$1,217,020	$1,190,541	$358,140	$26,479
2019	$253,168	$251,388	$325,892	$1,780
2018	$259,305	$260,894	$321,738	$-1,589

NEW CASTLE HENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION