EVANSVILLE REGIONAL ECONOMIC PARTNERSHIP FOUNDATION (EIN 351798568) - 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

1988

Legal Domicile

Principal Officer

LLOYD WINNECKE

Phone

8122531013

Tax Period

2024-10-01 to 2024-12-31

EVANSVILLE REGIONAL ECONOMIC PARTNERSHIP FOUNDATION, founded in 1988, is a small nonprofit that reported $337K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Net assets of $2.3M represent 83 months of operating reserves.

Mission

PROMOTE BUSINESS GROWTH AND ACTIVITIES IN EVANSVILLE, INDIANA.

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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 $288,808

Program Service Revenue $34,152

Investment Income $4,699

Other Revenue $9,288

TOTAL REVENUE $336,947

Expense Breakdown

Grants Paid $243,921

Salaries & Benefits $0

Fundraising Expenses $303

Program Expenses $333,459

Other Expenses $96,294

TOTAL EXPENSES $340,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,947	$1,266,410	-0.7%
Expenses	$340,215	$1,326,868	-0.7%
Net Income	$-3,268	$-60,458	-0.9%

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

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

$278,673

Total Directors

$278,673

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
BRAD ELLSWORTH	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
AUDRIE BURKETT	DIRECTOR	1.00	Director	$0	$0	$0
LLOYD WINNECKE	EX-OFFICIO	1.00	Officer Director	$0	$26,061	$278,673

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