FAYETTE COUNTY INDUSTRIAL DEVELOPMENT CORP D/B/A ECONOMIC DEVELOPMENT GROUP

EIN: 351700892 501(c)(3) Community Improvement

CONNERSVILLE, IN

Total Revenue
$284,009
Total Expenses
$257,109
Total Assets
$3,465,280
Net Assets
$3,456,967
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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
DAN PARKER
Phone
7658271366
Tax Period
2024-01-01 to 2024-12-31

FAYETTE COUNTY INDUSTRIAL DEVELOPMENT CORP D/B/A ECONOMIC DEVELOPMENT GROUP, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $284K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $257K left a modest 9% surplus.

Mission

TO PROCURE, DEVELOP, AND OPERATE LAND AND PROPERTIES IN ORDER TO CREATE JOB OPPORTUNITIES AND FOSTER THE ECONOMIC DEVELOPMENT OF CONNERSVILLE AND FAYETTE COUNTY.

Program Service Accomplishments

Program 1
Expenses: $91,579

THE ACTIVITIES INCLUDE JOB GROWTH FOR THE UNEMPLOYED AND ECONOMICALLY DISADVANTAGED THROUGH LOCAL MFG. EXPANSION.

Program 2
Expenses: $91,579

THE FCIDC HAS LOCATED SEVERAL NEW BUSINESSES TO THE INDUSTRIAL PARK AND ADVISED LAID-OFF EMPLOYEES AND EMPLOYERS OF OPPORTUNITIES IN CONNERSVILLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $98,000
Program Service Revenue $0
Investment Income $46,783
Other Revenue $139,226
TOTAL REVENUE $284,009

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,075
Fundraising Expenses $0
Program Expenses $183,158
Other Expenses $117,034
TOTAL EXPENSES $257,109

Year-over-Year Comparison

2024 2023 Change
Revenue $284,009 $374,996 -0.2%
Expenses $257,109 $501,663 -0.5%
Net Income $26,900 $-126,667 -1.2%
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
12
Independent Members
12
Employees
4
Volunteers
12

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHIE WARE PRESIDENT 10.00
Officer Director
$0 $0 $0
HANNAH HEDGSEPETH VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
DERRICK MATHEWS TREASURER 10.00
Officer Director
$0 $0 $0
GEORGIA GREEN SECRETARY 10.00
Officer Director
$0 $0 $0
CHAD FRANK DIRECTOR 5.00
Director
$0 $0 $0
KYLIE FOSTER DIRECTOR 5.00
Director
$0 $0 $0
JASON TROUTWINE DIRECTOR 5.00
Director
$0 $0 $0
DALE STRONG DIRECTOR 5.00
Director
$0 $0 $0
JIM SPENCE DIRECTOR 5.00
Director
$0 $0 $0
SHARON CRANFILL DIRECTOR 5.00
Director
$0 $0 $0
JEREMY DUNCAN DIRECTOR 5.00
Director
$0 $0 $0
DIANA PHILLIPS DIRECTOR 5.00
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 $284,009 $257,109 $3,465,280 $26,900
2023 $374,996 $501,663 $3,435,997 $-126,667
2022 $147,597 $268,042 $3,562,789 $-120,445
2021 $352,780 $553,239 $3,687,831 $-200,459
2020 $-3,082,532 $863,008 $4,144,546 $-3,945,540
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