GREATER KOKOMO ECONOMIC DEVELOPMEN… - 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

1980

Legal Domicile

Principal Officer

LORI DUKES

Phone

7654572000

Tax Period

2023-01-01 to 2023-12-31

GREATER KOKOMO ECONOMIC DEVELOPMENT ALLIANCE INC, founded in 1980, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Net assets of $3.8M represent 33 months of operating reserves.

Mission

THE GREATER KOKOMO ECONOMIC DEVELOPMENT ALLIANCE ALIGNS AND LEVERAGES RESOURCES TO BUILD COMMUNITY PROSPERITY. WE SEEK TO FOSTER ECONOMIC PROSPERITY FOR KOKOMO AND HOWARD COUNTY THROUGH NEW INVESTMENT, POPULATION GROWTH, AND THE CONTINUED SUCCESS OF THE AREA'S BUSINESSES AND RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,267,929 Revenue: $700,965

ECONOMIC DEVELOPMENTLEADERSHIP AND COLLABORATION OF INITIATIVES THAT LEAD TO COMMUNITY ECONOMIC PROSPERITY. FACILITATE ECONOMIC GROWTH OF THE COMMUNITY THROUGH THE ATTRACTION OF JOBS, INVESTMENT...

ECONOMIC DEVELOPMENTLEADERSHIP AND COLLABORATION OF INITIATIVES THAT LEAD TO COMMUNITY ECONOMIC PROSPERITY. FACILITATE ECONOMIC GROWTH OF THE COMMUNITY THROUGH THE ATTRACTION OF JOBS, INVESTMENT, VISITORS, AND RESIDENTS. DEVELOP, RETAIN, AND ATTRACT TALENT TO ENHANCE THE COMUNNITY. FOSTER AN ENTREPRENEURIAL CULTURE AND PROVIDE INFRASTRUCTIRE FOR INNOVATORS TO CREATE AND GROW BUSINESS ENTERPRISES. PROMOTE AND SUPPORT EFFORTS TO DRIVE INVESTMENT IN QUALITY ASSETS AND ACTIVITIES TO BENEFIT CURRENT AND FUTURE EMPLOYERS AND RESIDENTS.

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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 $643,826

Program Service Revenue $65,198

Investment Income $4,527

Other Revenue $659,923

TOTAL REVENUE $1,373,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,607

Fundraising Expenses $0

Program Expenses $1,267,929

Other Expenses $982,418

TOTAL EXPENSES $1,381,025

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,373,474	$5,785,033	-0.8%
Expenses	$1,381,025	$7,259,219	-0.8%
Net Income	$-7,551	$-1,474,186	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

450

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

$105,694

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBB BLUME	CHAIR	0.00	Officer Director	$0	$0	$0
CARY MAWBEY	TREASURER	0.00	Officer Director	$0	$0	$0
PAUL WYMAN	SECRETARY	0.00	Officer Director	$0	$0	$0
JOHN ROBERTS	DIRECTOR	0.00	Director	$0	$0	$0
MARK CANADA	DIRECTOR	0.00	Director	$0	$0	$0
ETHAN HEICHER	DIRECTOR	0.00	Director	$0	$0	$0
JEFF GRIFFIN	DIRECTOR	0.00	Director	$0	$0	$0
JEREMY KEATING	DIRECTOR	0.00	Director	$0	$0	$0
LORI WARREN	DIRECTOR	0.00	Director	$0	$0	$0
AMY PATE	DIRECTOR	0.00	Director	$0	$0	$0
KIRK DANIELS	DIRECTOR	0.00	Director	$0	$0	$0
AMANDA LEWTON	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN JOHNSTON	DIRECTOR	0.00	Director	$0	$0	$0
SCOT ORTMAN	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTINA VAUGHN	DIRECTOR	0.00	Director	$0	$0	$0
TONY STEWART	DIRECTOR	0.00	Director	$0	$0	$0
TYLER MOORE	DIRECTOR	0.00	Director	$0	$0	$0
BRAD BRAY	DIRECTOR	0.00	Director	$0	$0	$0
DEREK MCMICHAEL	DIRECTOR	0.00	Director	$0	$0	$0
PARVEEN CHAND	DIRECTOR	0.00	Director	$0	$0	$0
SUSAN PERRY	DIRECTOR	0.00	Director	$0	$0	$0
DAVID MILLER	DIRECTOR	0.00	Director	$0	$0	$0
LAURA HILEMAN	DIRECTOR	0.00	Director	$0	$0	$0
JOHN CARDWELL	DIRECTOR	0.00	Director	$0	$0	$0
MARK DUBOIS	DIRECTOR	0.00	Director	$0	$0	$0
LORI DUKES	PRESIDENT & CEO	40.00	Officer	$105,694	$0	$105,694

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	$1,373,474	$1,381,025	$7,143,951	$-7,551
2022	$5,785,033	$7,259,219	$5,488,673	$-1,474,186
2021	$3,502,144	$1,267,808	$6,984,015	$2,234,336
2020	$1,112,694	$1,429,377	$4,637,800	$-316,683
2019	$963,271	$1,229,320	$4,978,142	$-266,049
2018	$922,641	$1,252,195	$5,221,653	$-329,554

GREATER KOKOMO ECONOMIC DEVELOPMENT ALLIANCE INC