JAY COUNTY DEVELOPMENT CORPORATION (EIN 351651883) - 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

1985

Legal Domicile

Principal Officer

CEANN BALES

Phone

2607269311

Tax Period

2024-01-01 to 2024-12-31

JAY COUNTY DEVELOPMENT CORPORATION, founded in 1985, is a micro nonprofit that reported $89K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 142% operating deficit.

Mission

ENCOURAGE BUSINESS TO ORIGINATE, EXPAND CURRENT FACILITIES, OR RELOCATE TO AREAS WITHIN JAY COUNTY, INDIANA, IN ORDER TO EXPAND JOB OPPORTUNITIES OF THE RESIDENTS OF JAY 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 (2024)

Revenue Breakdown

Contributions & Grants $88,330

Program Service Revenue $0

Investment Income $516

Other Revenue $45

TOTAL REVENUE $88,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,614

Fundraising Expenses $0

Program Expenses $158,450

Other Expenses $45,210

TOTAL EXPENSES $214,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,891	$218,342	-0.6%
Expenses	$214,824	$261,146	-0.2%
Net Income	$-125,933	$-42,804	+1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MEDLER	DIRECTOR	0.00	Director	$0	$0	$0
DOUG LOY	DIRECTOR	0.00	Director	$0	$0	$0
FARON PARR	DIRECTOR	0.00	Director	$0	$0	$0
JOE JOHNSTON	DIRECTOR	0.00	Director	$0	$0	$0
JACK ROBBINS	DIRECTOR	0.00	Director	$0	$0	$0
JOSH MILLER	DIRECTOR	0.00	Director	$0	$0	$0
AARON CLARK	DIRECTOR	0.00	Director	$0	$0	$0
RON LAUX	VICE PRESIDENT	0.00	Director	$0	$0	$0
JEFF WESTLAKE	DIRECTOR	0.00	Director	$0	$0	$0
CAROLYN CARDUCCI	DIRECTOR	0.00	Director	$0	$0	$0
MARK LEAVELL	DIRECTOR	0.00	Director	$0	$0	$0
ADOLFO SOLIS	DIRECTOR	0.00	Director	$0	$0	$0
ROB KEISLING	DIRECTOR	0.00	Director	$0	$0	$0
JOSH ATKINSON	DIRECTOR	0.00	Director	$0	$0	$0
DOUG HORN	DIRECTOR	0.00	Director	$0	$0	$0
CHAD TOWELL	DIRECTOR	0.00	Director	$0	$0	$0
PETE BYRUM	DIRECTOR	0.00	Director	$0	$0	$0
JOSH STEWART	DIRECTOR	0.00	Director	$0	$0	$0
CINDY BRACY	DIRECTOR	0.00	Director	$0	$0	$0
BRYAN ALEXANDER	DIRECTOR	0.00	Director	$0	$0	$0
MARY ADAIR	DIRECTOR	0.00	Director	$0	$0	$0
BARBARA STREET	SECRETARY	0.00	Officer	$0	$0	$0
TRENT PAXSON	TREASURER	0.00	Officer	$0	$0	$0
CEANN BALES	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
ANGELA PAXSON	PRESIDENT	0.00	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
2024	$88,891	$214,824	$117,117	$-125,933
2023	$218,342	$261,146	$234,030	$-42,804
2022	$419,309	$337,400	$340,652	$81,909
2021	$363,017	$281,019	$193,966	$81,998
2020	$277,589	$310,170	$116,873	$-32,581
2019	$341,901	$304,407	$147,893	$37,494
2018	$311,699	$269,701	$111,455	$41,998

JAY COUNTY DEVELOPMENT CORPORATION