WASHINGTON CTY ECONOMIC GRWTH PSHIP

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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

1992

Legal Domicile

Phone

8128838803

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON CTY ECONOMIC GRWTH PSHIP, founded in 1992, is a small nonprofit in the Unknown sector that reported $319K in total revenue in fiscal year 2024. Revenue surged 130% from the prior year, signaling strong growth momentum. Expenses of $284K left a modest 11% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE THE ECONOMIC DEVELOPMENT ENVIRONMENT IN WASHINGTON COUNTY, INDIANA

Program Service Accomplishments

Program 1

Expenses: $283,612

THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE THE ECONOMIC DEVELOPMENT ENVIRONMENT OF WASHINGTON COUNTY, INDIANA

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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 $195,361

Program Service Revenue $107,689

Investment Income $347

Other Revenue $16,000

TOTAL REVENUE $319,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,423

Fundraising Expenses $0

Program Expenses $283,612

Other Expenses $206,189

TOTAL EXPENSES $283,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,397	$139,066	+1.3%
Expenses	$283,612	$117,475	+1.4%
Net Income	$35,785	$21,591	+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

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
DAVID HYPES	SECRETARY	1.00	Officer Director	$0	$0	$0
RHONDA SMITH	DIRECTOR	5.00	Director	$0	$0	$0
MARK MCKINNEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN GREEN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TODD EWEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ZINK	TREASURER	2.00	Officer Director	$0	$0	$0
ROGER PENNINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DOLLY BRICKER	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON SHELL	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY CONRAD	EXECUTIVE DIRECTOR	30.00	Key Emp	$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	$319,397	$283,612	$820,781	$35,785
2023	$139,066	$117,475	$786,140	$21,591
2022	$99,711	$147,337	$761,789	$-47,626
2021	$131,101	$68,580	$809,540	$62,521
2020	$89,002	$73,759	$750,828	$15,243
2019	$122,944	$101,396	$740,448	$21,548
2018	$112,025	$95,581	$724,230	$16,444