EVANSVILLE REGIONAL ECONOMIC PARTN… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

LLOYD WINNECKE

Phone

8122531013

Tax Period

2023-10-01 to 2024-09-30

EVANSVILLE REGIONAL ECONOMIC PARTNERSHIP FOUNDATION, founded in 1988, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum.

Mission

PROMOTE BUSINESS GROWTH AND ACTIVITIES IN EVANSVILLE, INDIANA.

Program Service Accomplishments

Program 1

Expenses: $1,305,801 Revenue: $136,608

TO PROVIDE FACILITIES AND SUPPORT SERVICES TO DEVELOPING ORGANIZATIONS AND TO PROMOTE GROWTH IN EVANSVILLE AND VANDERBURGH COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,121,482

Program Service Revenue $136,608

Investment Income $8,320

Other Revenue $0

TOTAL REVENUE $1,266,410

Expense Breakdown

Grants Paid $942,252

Salaries & Benefits $0

Fundraising Expenses $907

Program Expenses $1,305,801

Other Expenses $384,616

TOTAL EXPENSES $1,326,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,266,410	$792,969	+0.6%
Expenses	$1,326,868	$886,870	+0.5%
Net Income	$-60,458	$-93,901	-0.4%

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

100

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

$318,921

Total Directors

$446,431

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM SANDGREN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY BRISCOE	DIRECTOR	1.00	Director	$0	$0	$0
LUKE YAEGER	DIRECTOR	1.00	Director	$0	$0	$0
TARA BARNEY	EX-OFFICIO	1.00	Officer Director	$0	$25,390	$318,921
BRAD ELLSWORTH	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
AUDRIE BURKETT	DIRECTOR	1.00	Director	$0	$21,766	$127,510
LLOYD WINNECKE	EX-OFFICIO	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	$336,947	$340,215	$2,384,691	$-3,268
2024	$1,266,410	$1,326,868	$2,590,171	$-60,458
2023	$792,969	$886,870	$2,836,211	$-93,901
2022	$487,703	$586,109	$2,720,761	$-98,406
2021	$736,027	$1,045,664	$3,067,417	$-309,637
2020	$1,437,925	$1,261,108	$1,481,135	$176,817
2019	$1,448,142	$1,341,489	$1,447,242	$106,653
2018	$1,461,645	$1,342,318	$1,422,745	$119,327

EVANSVILLE REGIONAL ECONOMIC PARTNERSHIP FOUNDATION