Ripley County Economic Development Corporation

EIN: 351994940 Community Improvement

Versailles, IN

Total Revenue
$138,295
Total Expenses
$134,734
Total Assets
$436,822
Net Assets
$436,761
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IN
Principal Officer
Gary Norman
Phone
8126894344
Tax Period
2024-01-01 to 2024-12-31

Ripley County Economic Development Corporation, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $138K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $437K represent 38 months of operating reserves.

Mission

The RCEDC mission is 1 to seek and provide economic development activities that promote new business development, thus offering diverse employment opportunities for citizens of the county, and 2 to facilicate business expansion and retention programs that will enhance the growth and succes of existing businesses.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $140,368
Program Service Revenue $0
Investment Income $6,136
Other Revenue $-8,209
TOTAL REVENUE $138,295

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,064
Fundraising Expenses $0
Program Expenses $134,734
Other Expenses $28,670
TOTAL EXPENSES $134,734

Year-over-Year Comparison

2024 2023 Change
Revenue $138,295 $102,317 +0.4%
Expenses $134,734 $122,554 +0.1%
Net Income $3,561 $-20,237 -1.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
8

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
3
$23,400
Total Directors
10
$23,400
Key Employees
1
$75,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Norman Executive Director 040.00
Key Emp Highest
$75,000 $0 $75,000
Deborah Tomkins Treasurer 020.00
Officer Director
$23,400 $0 $23,400
Jeff Volz President 001.00
Officer Director
$0 $0 $0
Sue Meisberger V President 001.00
Officer Director
$0 $0 $0
Wayne Jenner Board Member 001.00
Director
$0 $0 $0
Barry Lauber Board Member 001.00
Director
$0 $0 $0
Rodney Stratton Board Member 001.00
Director
$0 $0 $0
Paul Hildebrand Board Member 001.00
Director
$0 $0 $0
Brenda Wetzler Baord Member 001.00
Director
$0 $0 $0
Lynn Fledderman Board Member 001.00
Director
$0 $0 $0
Jerry Vollmer Board Member 001.00
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 $138,295 $134,734 $436,822 $3,561
2023 $102,317 $122,554 $433,220 $-20,237
2022 $34,828 $111,684 $453,133 $-76,856
2021 $76,862 $119,796 $529,947 $-42,934
2020 $129,823 $125,881 $572,844 $3,942
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