PENNVILLE INDUSTRIAL DEVELOPMENT COMMITTEE INC (EIN 351841679) - 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

TRAVIS RICHARDS

Phone

2607317292

Tax Period

2024-01-01 to 2024-12-31

PENNVILLE INDUSTRIAL DEVELOPMENT COMMITTEE INC, founded in 1991, is a micro nonprofit that reported $51K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 57% operating margin.

Mission

TO PROMOTE AND AID IN ECONOMIC DEVELOPMENT FOR THE TOWN OF PENNVILLE, 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 $18,556

Program Service Revenue $31,567

Investment Income $15

Other Revenue $496

TOTAL REVENUE $50,634

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,684

Other Expenses $16,684

TOTAL EXPENSES $21,684

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,634	$35,728	+0.4%
Expenses	$21,684	$17,171	+0.3%
Net Income	$28,950	$18,557	+0.6%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
DON STAFFORD	DIRECTOR	Director	$0	$0	$0
ALICIA CORWIN	DIRECTOR	Director	$0	$0	$0
JOHN CORWIN	DIRECTOR	Director	$0	$0	$0
NATHAN SPRINGER	DIRECTOR	Director	$0	$0	$0
LONNIE BELL	PRESIDENT	Officer	$0	$0	$0
RALPH FRAZEE	TREASURER	Officer	$0	$0	$0
STEVE CASH	VICE PRESIDENT	Officer	$0	$0	$0
TRAVIS RICHARDS	SECRETARY	Officer	$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
2025	No data	No data	No data	No data
2024	$50,634	$21,684	$502,976	$28,950
2023	$35,728	$17,171	$474,026	$18,557
2022	$37,142	$18,495	$455,469	$18,647
2021	$43,572	$21,281	$436,823	$22,291
2020	$41,228	$8,712	$414,532	$32,516
2019	$39,996	$3,340	$382,016	$36,656
2018	$-82,603	$2,585	$345,345	$-85,188

PENNVILLE INDUSTRIAL DEVELOPMENT COMMITTEE INC