FORT WAYNE-ALLEN COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC (EIN 351787258) - 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

1989

Legal Domicile

Principal Officer

ELLEN CUTTER

Phone

2604265568

Tax Period

2024-01-01 to 2024-12-31

FORT WAYNE-ALLEN COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC, founded in 1989, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $230K, a strong 18% operating margin.

Mission

CREATION AND RETENTION OF QUALITY JOBS FOR THE CITY OF FORT WAYNE AND ALLEN COUNTY RESIDENTS THROUGH THE ATTRACTION OF NEW EMPLOYERS AND THE STRENGTHENING OF EXISTING EMPLOYERS.

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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 $407,614

Program Service Revenue $800,000

Investment Income $35,320

Other Revenue $0

TOTAL REVENUE $1,242,934

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,003,907

Other Expenses $995,097

TOTAL EXPENSES $1,013,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,242,934	$1,775,429	-0.3%
Expenses	$1,013,097	$1,642,845	-0.4%
Net Income	$229,837	$132,584	+0.7%

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

N/A

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

$209,937

Total Directors

$209,937

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN CUTTER	EXECUTIVE DI	40.00	Officer Director	$0	$21,629	$209,937
KARL BANDEMER	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES E COOK	CHAIR	1.00	Officer Director	$0	$0	$0
NELSON PETERS	TREASURER	1.00	Officer 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	$1,242,934	$1,013,097	$1,960,174	$229,837
2023	$1,775,429	$1,642,845	$1,852,891	$132,584
2022	$1,087,165	$1,045,237	$1,703,708	$41,928
2021	$836,635	$813,025	$1,813,331	$23,610
2020	$865,732	$731,899	$1,557,412	$133,833
2019	$1,046,137	$788,176	$1,350,707	$257,961
2018	$862,989	$987,191	$1,058,782	$-124,202

FORT WAYNE-ALLEN COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC