POSEY COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC

EIN: 351691299

MT VERNON, IN

Total Revenue
$234,707
Total Expenses
$191,805
Total Assets
$296,948
Net Assets
$296,948
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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
1986
Legal Domicile
IN
Principal Officer
ANDREW WILSON
Phone
8128388013
Tax Period
2018-01-01 to 2018-12-31

POSEY COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC, founded in 1986, is a small nonprofit that reported $235K in total revenue in fiscal year 2018. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 18% operating margin.

Mission

TO PROMOTE THE ECONOMIC WELL BEING OF MEMBERS AND CONTRIBUTORS AND THE SOCIAL WELFARE OF THE POSEY COUNTY COMMUNITY BY PROMOTING AND EXPANDING NEW AND EXISTING INDUSTRY.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $176,490
Program Service Revenue $43,750
Investment Income $267
Other Revenue $14,200
TOTAL REVENUE $234,707

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,968
Fundraising Expenses $0
Other Expenses $118,837
TOTAL EXPENSES $191,805

Year-over-Year Comparison

2018 2017 Change
Revenue $234,707 $154,542 +0.5%
Expenses $191,805 $177,049 +0.1%
Net Income $42,902 $-22,507 -2.9%
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

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW WILSON PRESIDENT N/A
Officer Director
$0 $0 $0
JOE NEIDIG VICE-PRESIDE N/A
Officer Director
$0 $0 $0
MICHELLE HUDSON SECRETARY-TR N/A
Officer Director
$0 $0 $0
JIM ALSOP DIRECTOR N/A
Director
$0 $0 $0
BRUCE BAKER DIRECTOR N/A
Director
$0 $0 $0
GEOFF GENTIL DIRECTOR N/A
Director
$0 $0 $0
SHEILA NAAB DIRECTOR N/A
Director
$0 $0 $0
RALPH WEINZAPFEL DIRECTOR N/A
Director
$0 $0 $0
LARRY WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
PHILLIP WILZBACHER DIRECTOR N/A
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
2018 $234,707 $191,805 $296,948 $42,902
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