Evansville Urban Enterprise Association Inc (EIN 351601346) - 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

Gene Smith

Phone

8124262490

Tax Period

2024-01-01 to 2024-12-31

Evansville Urban Enterprise Association Inc, founded in 1984, is a small nonprofit in the Community Improvement sector that reported $534K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $2.3M represent 51 months of operating reserves.

Mission

Programs provided by the Organization implement & utilize the advantages and benefits of the Enterprise Zone Designations.

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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 $407,467

Program Service Revenue $0

Investment Income $85,837

Other Revenue $40,743

TOTAL REVENUE $534,047

Expense Breakdown

Grants Paid $17,525

Salaries & Benefits $280,884

Fundraising Expenses $0

Program Expenses $421,420

Other Expenses $245,229

TOTAL EXPENSES $543,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$534,047	$1,395,213	-0.6%
Expenses	$543,638	$359,570	+0.5%
Net Income	$-9,591	$1,035,643	-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

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

$85,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gene Smith	Executive Director	32.00	Officer	$85,141	$0	$85,141
William Goodsen	President	1.00	Officer	$0	$0	$0
Linda Jones	Secretary/Treasurer	1.00	Officer	$0	$0	$0
Lana J Abel	Director	1.00	Director	$0	$0	$0
Mary Allen	Director	1.00	Director	$0	$0	$0
Jack Rogers	Director	1.00	Director	$0	$0	$0
Stacey Stevens	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	$534,047	$543,638	$2,268,118	$-9,591
2023	$1,395,213	$359,570	$2,280,488	$1,035,643
2022	$526,251	$435,427	$1,232,577	$90,824
2021	$416,409	$329,281	$1,195,601	$87,128
2020	$398,235	$323,850	$1,108,659	$74,385

Evansville Urban Enterprise Association Inc