Rush County Economic and Community Development Corporation (EIN 351888599) - 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

1993

Legal Domicile

Principal Officer

John McCane

Phone

7659383232

Tax Period

2024-01-01 to 2024-12-31

Rush County Economic and Community Development Corporation, founded in 1993, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 1832% from the prior year, signaling strong growth momentum.

Mission

To create economic opportunities for the benefit of the community, faciliate marketing programs to promote awareness and coordinated interest of potential business investors in the community.

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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 $4,172,384

Program Service Revenue $0

Investment Income $31,647

Other Revenue $10,600

TOTAL REVENUE $4,214,631

Expense Breakdown

Grants Paid $4,000,250

Salaries & Benefits $163,921

Fundraising Expenses $0

Program Expenses $4,248,551

Other Expenses $84,380

TOTAL EXPENSES $4,248,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,214,631	$218,148	+18.3%
Expenses	$4,248,551	$224,167	+18.0%
Net Income	$-33,920	$-6,019	+4.6%

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
John McCane	Executive Director	040.00	Director Key Emp Highest	$0	$0	$0
Tianne Ripberger	Treasurer	005.00	Officer Director	$0	$0	$0
Mike Pavey	Chair	005.00	Officer Director	$0	$0	$0
Kevin Krekeler	Past Chair	005.00	Officer Director	$0	$0	$0
Chip Orben	Secretary	005.00	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	$4,214,631	$4,248,551	$861,189	$-33,920
2023	$218,148	$224,167	$922,583	$-6,019
2022	$218,685	$249,740	$909,434	$-31,055
2021	$197,167	$195,884	$952,099	$1,283
2020	$371,697	$246,476	$944,446	$125,221
2020	$371,697	$235,236	$955,686	$136,461
2019	$306,406	$215,886	$825,497	$90,520
2018	$188,231	$211,194	$766,117	$-22,963

Rush County Economic and Community Development Corporation