DAVIESS COUNTY ECONOMIC DEVELOPMENT CORPORATION

EIN: 351810212

WASHINGTON, IN

Total Revenue
$384,235
Total Expenses
$412,289
Total Assets
$495,625
Net Assets
$494,723
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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
1990
Legal Domicile
IN
Principal Officer
MIKE HEALY
Phone
8122541500
Tax Period
2024-01-01 to 2024-12-31

DAVIESS COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1990, is a small nonprofit that reported $384K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

EXPAND ECONOMIC DEVELOPMENT

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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 $372,926
Program Service Revenue $0
Investment Income $11,309
Other Revenue $0
TOTAL REVENUE $384,235

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $267,777
Fundraising Expenses $0
Other Expenses $134,512
TOTAL EXPENSES $412,289

Year-over-Year Comparison

2024 2023 Change
Revenue $384,235 $415,717 -0.1%
Expenses $412,289 $314,809 +0.3%
Net Income $-28,054 $100,908 -1.3%
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
17
Independent Members
17
Employees
6
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC LANE PRESIDENT 2.00
Director
$0 $0 $0
TONY DUNCHEON VICE-PRES. 1.00
Director
$0 $0 $0
MIKE HEALY TREASURER 1.00
Director
$0 $0 $0
DAVID STOWERS SECRETARY 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 $384,235 $412,289 $495,625 $-28,054
2023 $415,717 $314,809 $529,004 $100,908
2022 $260,391 $309,178 $428,813 $-48,787
2021 $351,105 $265,859 $473,288 $85,246
2020 $304,993 $294,724 $385,410 $10,269
2019 $207,568 $245,638 $380,361 $-38,070
2018 $163,545 $200,930 $420,586 $-37,385
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