HUNTINGTON COUNTY UNITED ECONOMIC DEVELOPMENT CORPORATION (EIN 351568053) - 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

1983

Legal Domicile

Principal Officer

MARK WICKERSHAM

Phone

2603565688

Tax Period

2023-01-01 to 2023-12-31

HUNTINGTON COUNTY UNITED ECONOMIC DEVELOPMENT CORPORATION, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $663K in total revenue in fiscal year 2023. The organization ran a surplus of $313K, a strong 47% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT ACTIVITY IN HUNTINGTON COUNTY, 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,555

Program Service Revenue $595,971

Investment Income $15,514

Other Revenue $20,300

TOTAL REVENUE $663,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,513

Fundraising Expenses $0

Program Expenses $330,245

Other Expenses $207,970

TOTAL EXPENSES $350,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$663,340	$645,601	+0.0%
Expenses	$350,483	$963,958	-0.6%
Net Income	$312,857	$-318,357	-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

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

$111,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WICKERSHAM	EXECUTIVE DI	40.00	Officer	$111,700	$0	$111,700
STEVEN BUZZARD	DIRECTOR	2.00	Director	$0	$0	$0
ERIC FAWCETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL HARTBURG	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
STEVE KIMMEL	DIRECTOR	2.00	Director	$0	$0	$0
NICK LUND	DIRECTOR	2.00	Director	$0	$0	$0
SETH MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
KENDALL MICKLEY	DIRECTOR	2.00	Director	$0	$0	$0
ROB MILLER	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS MILLS	DIRECTOR	2.00	Director	$0	$0	$0
AARON POPPELWELL	DIRECTOR	2.00	Director	$0	$0	$0
JEFF SOUDER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RICHARD STRICK	DIRECTOR	2.00	Director	$0	$0	$0
JOHN TROUT	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN WEINGART	DIRECTOR	2.00	Director	$0	$0	$0
TROY JOHNSON	SECRETARY	2.00	Officer	$0	$0	$0
DOUGLAS WILCOX	TREASURER	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$663,340	$350,483	$3,313,096	$312,857
2022	$645,601	$963,958	$3,222,342	$-318,357
2021	$632,067	$386,986	$3,948,873	$245,081
2020	$451,799	$355,813	$3,939,463	$95,986
2019	$838,822	$365,406	$2,912,695	$473,416

HUNTINGTON COUNTY UNITED ECONOMIC DEVELOPMENT CORPORATION