KOSCIUSKO DEVELOPMENT INC

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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

PEGGY FRIDAY

Phone

5743064119

Tax Period

2024-01-01 to 2024-12-31

KOSCIUSKO DEVELOPMENT INC, founded in 1984, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 26% operating deficit.

Mission

PROMOTION OF KOSCIUSKO COUNTY FOR ECONOMIC DEVELOPMENT AND BUSINESS ATTRACTION, PROVIDE DEMOGRAPHIC INFORMATION TO GOVERNMENT AGENCIES AND PRIVATE BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $798,214 Revenue: $509,204

PROVIDE WORKSHOPS, SERVICES, AND OTHER EVENTS FOR THE COMMUNITY BUSINESSES. PROVIDE INFORMATION FOR BUSINESSES, WHETHER NON-PROFIT, PUBLIC OR PRIVATE, THAT MAY BE INTERESTED IN EXPANDING OR COMING TO...

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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 $495,691

Program Service Revenue $509,204

Investment Income $7,925

Other Revenue $30,051

TOTAL REVENUE $1,042,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,826

Fundraising Expenses $63,202

Program Expenses $798,214

Other Expenses $991,546

TOTAL EXPENSES $1,311,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,042,871	$1,131,788	-0.1%
Expenses	$1,311,372	$1,262,647	+0.0%
Net Income	$-268,501	$-130,859	+1.1%

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

$71,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY FRIDAY	CEO	40.00	Officer	$65,692	$5,983	$71,675
KIMBERLY CATES	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS CHRISTMAN	DIRECTOR	1.00	Director	$0	$0	$0
BLAINE CONLEY	CHAIR	1.00	Officer Director	$0	$0	$0
TIM EARLY	DIRECTOR	1.00	Director	$0	$0	$0
DREW FLAMM	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GROSE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KISSANE	DIRECTOR	1.00	Director	$0	$0	$0
EMILY KOSNIK	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM LANCASTER	DIRECTOR	1.00	Director	$0	$0	$0
MAX MAILE	DIRECTOR	1.00	Director	$0	$0	$0
LYNN MERGEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAN ORBAN	DIRECTOR	1.00	Director	$0	$0	$0
AUBREY RIFE	TREASURER	1.00	Officer Director	$0	$0	$0
DONALD ROBINSON-GRAY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG SNOW	DIRECTOR	1.00	Director	$0	$0	$0
JACK WILHITE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WARREN	DIRECTOR	1.00		$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	$1,042,871	$1,311,372	$587,896	$-268,501
2023	$1,131,788	$1,262,647	$1,050,409	$-130,859
2022	$1,549,729	$1,598,318	$899,816	$-48,589
2021	$706,774	$662,714	$846,102	$44,060
2020	$563,690	$509,142	$786,501	$54,548
2019	$468,706	$472,358	$502,619	$-3,652
2018	$306,077	$345,980	$497,393	$-39,903