WHITLEY COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 351854496) - 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

1994

Legal Domicile

Principal Officer

LISA SMITH

Phone

2602445506

Tax Period

2023-01-01 to 2023-12-31

WHITLEY COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1994, is a small nonprofit that reported $453K in total revenue in fiscal year 2023. The organization ran a surplus of $86K, a strong 19% operating margin.

Mission

AID COMMUNITIES IN WHITLEY COUNTY IN ATTRACTING NEW INDUSTRY AND ASSIST EXISTING INDUSTRY IN EXPANSION - ALL FOR THE PURPOSE OF CREATING JOBS FOR THE CITIZENS OF WHITLEY COUNTY

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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 $73,291

Program Service Revenue $370,989

Investment Income $8,380

Other Revenue $0

TOTAL REVENUE $452,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,086

Fundraising Expenses $20,556

Program Expenses $182,302

Other Expenses $147,851

TOTAL EXPENSES $366,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$452,660	$438,133	+0.0%
Expenses	$366,937	$395,012	-0.1%
Net Income	$85,723	$43,121	+1.0%

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

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

$112,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN HALVERSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC JUNG	DIRECTOR	1.00	Director	$0	$0	$0
GABE STARKEY	VICE CHAIR	1.00	Director	$0	$0	$0
JOAN WESTERN	SECRETARY	1.00	Director	$0	$0	$0
PAUL VOIGT	DIRECTOR	1.00	Officer Director	$0	$0	$0
TREY WEBER	TREASURER	1.00	Officer Director	$0	$0	$0
MATT SHIPMAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
DALE BUUCK	EDC PRESIDENT	45.00	Officer	$112,154	$0	$112,154

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	$452,660	$366,937	$873,845	$85,723
2022	$438,133	$395,012	$793,725	$43,121
2021	$561,292	$492,087	$746,084	$69,205
2020	$483,312	$540,771	$723,129	$-57,459
2019	$465,918	$520,824	$741,710	$-54,906
2018	$449,028	$469,601	$784,778	$-20,573

WHITLEY COUNTY ECONOMIC DEVELOPMENT CORPORATION