BLACKFORD COUNTY ECONOMIC DEVELOPMENT CORPORATION

EIN: 351718387

HARTFORD CITY, IN

Total Revenue
$195,092
Total Expenses
$251,490
Total Assets
$566,223
Net Assets
$563,428
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IN
Phone
7653484994
Tax Period
2023-01-01 to 2023-12-31

BLACKFORD COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit that reported $195K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $251K exceeded revenue, resulting in a 29% operating deficit.

Mission

Promote economic development in Blackford County Indiana. In 2023 BCEDC continued to market two county industrial parks and assisted local businesses in grant applications and economic recovery efforts specifically regarding regional economic development grants.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $188,350
Program Service Revenue $0
Investment Income $742
Other Revenue $6,000
TOTAL REVENUE $195,092

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $84,624
Fundraising Expenses $0
Program Expenses $215,073
Other Expenses $66,866
TOTAL EXPENSES $251,490

Year-over-Year Comparison

2023 2022 Change
Revenue $195,092 $207,413 -0.1%
Expenses $251,490 $155,537 +0.6%
Net Income $-56,398 $51,876 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
20

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
$76,266
Total Directors
13
$76,266
Key Employees
1
$76,266
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Warren C Brown Jr Executive Director 40.00
Officer Director Key Emp Highest
$76,266 $0 $76,266
Daniel Borgenheimer Board President 5.00
Officer Director
$0 $0 $0
Dan Eckstein Board Vice-President 1.00
Officer Director
$0 $0 $0
Melanie Parker Board Secretary Treasurer 1.00
Officer Director
$0 $0 $0
Ryan Goodspeed Director 1.00
Director
$0 $0 $0
John Lancaster Director 1.00
Director
$0 $0 $0
Cole Lenz Director 1.00
Director
$0 $0 $0
Jimmy Lytle Director 1.00
Director
$0 $0 $0
Brad Neff Director 1.00
Director
$0 $0 $0
Max Richardson Director 1.00
Director
$0 $0 $0
Jessica Tabor Director 1.00
Director
$0 $0 $0
Jim Weiseman Director 1.00
Director
$0 $0 $0
Chad Yencer 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 No data No data No data No data
2023 $195,092 $251,490 $566,223 $-56,398
2022 $207,413 $155,537 $622,321 $51,876
2021 $421,930 $398,301 $570,159 $23,629
2020 $414,819 $415,337 $546,974 $-518
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BLACKFORD COUNTY ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Indiana and across the country.