SOUTH-CENTRAL INDIANA REGIONAL ECONOMIC DEVELOPMENT CORP (EIN 351877247) - 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

NANCY MITCHELL MORRIS

Phone

8127233388

Tax Period

2024-01-01 to 2024-12-31

SOUTH-CENTRAL INDIANA REGIONAL ECONOMIC DEVELOPMENT CORP, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $428K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $136K, a strong 32% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE OF ORANGE COUNTY CITIZENS THROUGH ACTIVITIES THAT STIMULATE ECONOMIC DEVELOPMENT.

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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 $314,315

Program Service Revenue $45,000

Investment Income $68,248

Other Revenue $100

TOTAL REVENUE $427,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,206

Fundraising Expenses $30,993

Program Expenses $174,197

Other Expenses $129,960

TOTAL EXPENSES $291,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$427,663	$383,919	+0.1%
Expenses	$291,166	$302,689	0.0%
Net Income	$136,497	$81,230	+0.7%

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

Total Directors

$92,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SKYLAR WHITEMAN	EXECUTIVE DI	40.00	Director	$89,852	$2,696	$92,548
ALAN BECK	PRESIDENT	1.00	Officer Director	$0	$0	$0
ZACH BROWN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN CARNES	BOARD OF DIR	1.00	Director	$0	$0	$0
RANDY CLARK	BOARD OF DIR	1.00	Director	$0	$0	$0
RICHARD DIXON	BOARD OF DIR	1.00	Director	$0	$0	$0
ARLA FRAIZER	BOARD OF DIR	1.00	Director	$0	$0	$0
JASON GOODMAN	BOARD OF DIR	1.00	Director	$0	$0	$0
CATHERINE HENDERSON	BOARD OF DIR	1.00	Director	$0	$0	$0
PAM MENTZ	BOARD OF DIR	1.00	Director	$0	$0	$0
NANCY MITCHELL MORRIS	TREASURER	1.00	Officer Director	$0	$0	$0
RUSS SAGE	BOARD OF DIR	1.00	Director	$0	$0	$0
LIZ SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVE WOLFORD	BOARD OF DIR	1.00	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
2025	No data	No data	No data	No data
2024	$427,663	$291,166	$2,254,456	$136,497
2023	$383,919	$302,689	$2,114,221	$81,230
2022	$337,901	$288,236	$2,032,989	$49,665
2021	$364,721	$201,213	$1,983,352	$163,508

SOUTH-CENTRAL INDIANA REGIONAL ECONOMIC DEVELOPMENT CORP