BLOOMINGTON ECONOMIC DEVELOPMENT CORP (EIN 351534667) - 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

1984

Legal Domicile

Principal Officer

JENNIFER PEARL

Phone

8123357346

Tax Period

2023-01-01 to 2023-12-31

BLOOMINGTON ECONOMIC DEVELOPMENT CORP, founded in 1984, is a small nonprofit that reported $563K in total revenue in fiscal year 2023.

Mission

THE CATALYST FOR RETENTION, DEVELOPMENT AND ATTRACTION OF QUALITY JOBS IN MONROE 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 $199,011

Program Service Revenue $361,512

Investment Income $2,760

Other Revenue $0

TOTAL REVENUE $563,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $365,643

Fundraising Expenses $0

Other Expenses $218,319

TOTAL EXPENSES $583,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$563,283	$590,621	0.0%
Expenses	$583,962	$556,710	+0.0%
Net Income	$-20,679	$33,911	-1.6%

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

175

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

$127,977

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY KINNARNEY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER PEARL	PRESIDENT	40.00	Officer	$118,801	$9,176	$127,977
JOHN GERNAND	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL QUICK	SECRETARY	1.00	Officer Director	$0	$0	$0
TYCE CARMICHAEL	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
VALERIE PENA	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
SARAH ROGERS	PAST CHAIR	1.00	Officer Director	$0	$0	$0
STEVE ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
JULIE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
RAVI BHATT	DIRECTOR	1.00	Director	$0	$0	$0
DAVE BRODIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
MATT COLGLAZIER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE CONNER	DIRECTOR	1.00	Director	$0	$0	$0
ERIK COYNE	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER DEPOY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DIRK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FARMER	DIRECTOR	1.00	Director	$0	$0	$0
EVAN GADY	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS GAITANI	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GROSS	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD GUTZWILLER	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HAYS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HURLOW	DIRECTOR	1.00	Director	$0	$0	$0
MATT KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
KRYSTAL KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
ROB KING	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN KUNKLER	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS LAVERTY	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY LINDSEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCAFEE	DIRECTOR	1.00	Director	$0	$0	$0
MISTY MCCAMMACK	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF MCKIM	DIRECTOR	1.00	Director	$0	$0	$0
JARRETT MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JERRY NEELY	DIRECTOR	1.00	Director	$0	$0	$0
LUKE OWINGS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA PARKER	DIRECTOR	1.00	Director	$0	$0	$0
MO PERAZA	DIRECTOR	1.00	Director	$0	$0	$0
DAN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
TINA PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JIM REGESTER	DIRECTOR	1.00	Director	$0	$0	$0
RANDY ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
SUE SGAMBELLURI	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SHISHMAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SPOONMORE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TANNEBERGER	DIRECTOR	1.00	Director	$0	$0	$0
BOB TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
JULIE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MARYANN VALENTA	DIRECTOR	1.00	Director	$0	$0	$0
MARTIE VANDEVENTER	DIRECTOR	1.00	Director	$0	$0	$0
RON WALKER	DIRECTOR	1.00	Director	$0	$0	$0
COLE WATSON	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN WEIDA	DIRECTOR	1.00	Director	$0	$0	$0
DON WEILER	DIRECTOR	1.00	Director	$0	$0	$0
TIM WHICKER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HAUSWALD	DIRECTOR	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	No data	No data	No data	No data
2023	$563,283	$583,962	$629,534	$-20,679
2022	$590,621	$556,710	$637,286	$33,911
2021	$436,182	$369,585	$562,405	$66,597
2020	$453,515	$393,591	$494,833	$59,924
2019	$452,902	$436,055	$446,988	$16,847
2018	$454,641	$436,198	$449,488	$18,443

BLOOMINGTON ECONOMIC DEVELOPMENT CORP