HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 351897300) - 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

Principal Officer

MIKE THIBIDEAU

Phone

3176634457

Tax Period

2023-01-01 to 2023-12-31

HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 185% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 8% surplus.

Mission

EMPOWER THE ECONOMIC VITALITY OF THE RESIDENTS, BUSINESS AND COMMUNITIES OF HAMILTON 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 $1,679,212

Program Service Revenue $290,977

Investment Income $8,494

Other Revenue $0

TOTAL REVENUE $1,978,683

Expense Breakdown

Grants Paid $1,072,311

Salaries & Benefits $488,868

Fundraising Expenses $0

Program Expenses $1,714,236

Other Expenses $262,038

TOTAL EXPENSES $1,823,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,978,683	$694,402	+1.8%
Expenses	$1,823,217	$592,730	+2.1%
Net Income	$155,466	$101,672	+0.5%

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

$138,780

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN BAUMGARTNER	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
MARK LABARR	PAST BOARD CHAIR	0.50	Officer Director	$0	$0	$0
CORBY THOMPSON	BOARD VICE CHAIR	0.50	Officer Director	$0	$0	$0
CHRISTINE ALTMAN	BOARD SECRETARY / TREASURER	0.50	Officer Director	$0	$0	$0
RACHEL KARTZ	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDY THEISZ	BOARD MEMBER	0.50	Director	$0	$0	$0
SUE MAKI	BOARD MEMBER	0.50	Director	$0	$0	$0
CHUCK HABERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ANGELA ACREY	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT KNEBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL BERESFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE THIBIDEAU	PRESIDENT & CEO	40.00	Officer	$131,220	$7,560	$138,780

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	$1,978,683	$1,823,217	$563,912	$155,466
2022	$694,402	$592,730	$408,446	$101,672
2021	$389,279	$382,768	$306,774	$6,511
2020	$299,367	$274,774	$300,263	$24,593
2019	$139,219	$347,462	$350,709	$-208,243

HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION