HENDRICKS COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC (EIN 351817139) - 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

1990

Legal Domicile

Principal Officer

BRIAN BILGER

Phone

3177452400

Tax Period

2023-01-01 to 2023-12-31

HENDRICKS COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC, founded in 1990, is a small nonprofit that reported $102K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $831K exceeded revenue, resulting in a 713% operating deficit.

Mission

TO ENHANCE THE QUALITY OF LIFE BY ATTRACTING, RETAINING AND CREATING SUITABLE BUSINESS INVESTMENTS TO PROVIDE QUALITY JOBS AND TO BROADEN THE TAX BASE.

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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 $0

Program Service Revenue $13,888

Investment Income $6,480

Other Revenue $81,953

TOTAL REVENUE $102,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,507

Fundraising Expenses $0

Program Expenses $798,376

Other Expenses $575,944

TOTAL EXPENSES $831,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,321	$186,575	-0.5%
Expenses	$831,451	$462,726	+0.8%
Net Income	$-729,130	$-276,151	+1.6%

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
JEFF BANNING	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRIAN BILGER	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
ROBIN BRANDGARD	EXECUTIVE CO	N/A	Director	$0	$0	$0
DENNIS DAWES	EXECUTIVE CO	N/A	Director	$0	$0	$0
JEFF DONOVAN	TREASURER	N/A	Officer Director	$0	$0	$0
DOUG PUCKETT	SECRETARY	N/A	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	No data	No data	No data	No data
2023	$102,321	$831,451	$2,103,869	$-729,130
2022	$186,575	$462,726	$2,816,654	$-276,151
2021	$615,074	$609,192	$818,016	$5,882
2020	$621,983	$666,006	$881,039	$-44,023
2019	$664,042	$657,203	$947,255	$6,839
2018	$741,867	$699,593	$961,345	$42,274

HENDRICKS COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC