SCOTT COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 351816789) - 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

1991

Legal Domicile

Principal Officer

JEAN ROBBINS

Phone

8127527268

Tax Period

2020-01-01 to 2020-12-31

SCOTT COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1991, is a small nonprofit that reported $355K in total revenue in fiscal year 2020. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $537K exceeded revenue, resulting in a 51% operating deficit.

Mission

THE SCOTT COUNTY ECONOMIC DEVELOPMENT CORPORATION AIDS SCOTT COUNTY, INDIANA BY ATTRACTING NEW INDUSTRIES TO THE AREA AND ENCOURAGING THE DEVELOPMENT AND RETENTION OF INDUSTRIES IN THE COMMUNITY. THROUGHOUT THE YEAR, THE ECONOMIC DEVELOPMENT CORPORATION HAS CONTINUED WORKING WITH BOTH NEW AND EXISTING INDUSTRIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $263,011

Program Service Revenue $91,534

Investment Income $147

Other Revenue $0

TOTAL REVENUE $354,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,511

Fundraising Expenses $0

Program Expenses $405,051

Other Expenses $387,493

TOTAL EXPENSES $537,004

Year-over-Year Comparison

	2020	2019	Change
Revenue	$354,692	$1,124,588	-0.7%
Expenses	$537,004	$926,919	-0.4%
Net Income	$-182,312	$197,669	-1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY AMIK	SECRETARY	0.50	Officer Director	$0	$0	$0
RALEIGH CAMPBELL	PRESIDENT	0.50	Officer Director	$0	$0	$0
JEAN ROBBINS	VICE-PRESIDENT	0.50	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
2020	$354,692	$537,004	$229,960	$-182,312
2019	$1,124,588	$926,919	$414,573	$197,669
2018	$645,516	$700,536	$170,145	$-55,020

SCOTT COUNTY ECONOMIC DEVELOPMENT CORPORATION