REDKEY ECONOMIC DEVELOPMENT INC (EIN 351842048) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

RANDY YOUNG

Phone

2607269311

Tax Period

2024-01-01 to 2024-12-31

REDKEY ECONOMIC DEVELOPMENT INC, founded in 1986, is a micro nonprofit that reported $33K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 89% operating margin.

Mission

TO PROMOTE AND AID IN ECONOMIC DEVELOPMENT FOR THE TOWN OF REDKEY, INDIANA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,598

Program Service Revenue $1,549

Investment Income $14,063

Other Revenue $6,812

TOTAL REVENUE $33,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,496

Other Expenses $3,496

TOTAL EXPENSES $3,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,022	$43,646	-0.2%
Expenses	$3,496	$12,458	-0.7%
Net Income	$29,526	$31,188	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
RANDY YOUNG	PRESIDENT	Officer	$0	$0	$0
DON KNISELY	VICE PRESIDENT	Officer	$0	$0	$0
MARK LEAVELL	OFFICER	Officer	$0	$0	$0
DOTTIE QUAKENBUSH	OFFICER	Officer	$0	$0	$0
DOUG STANLEY	OFFICER	Officer	$0	$0	$0
TRAVIS RICHARDS	SECRETARY/ TREASURER	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	$33,022	$3,496	$886,898	$29,526
2023	$43,646	$12,458	$857,372	$31,188
2022	$23,945	$3,449	$826,184	$20,496
2021	$43,826	$6,135	$805,687	$37,691

REDKEY ECONOMIC DEVELOPMENT INC