PORTLAND ECONOMIC DEVELOPMENT CORP… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

FARON PARR

Phone

2607269311

Tax Period

2024-01-01 to 2024-12-31

PORTLAND ECONOMIC DEVELOPMENT CORPORATION, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $3K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $127K exceeded revenue, resulting in a 4239% operating deficit.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY OF PORTLAND AND WAYNE TOWNSHIP, JAY COUNTY INDIANA.

Program Service Accomplishments

Program 1

Expenses: $126,607 Revenue: $2,918

TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY OF PORTLAND AND WAYNE TOWNSHIP, JAY 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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $2,918

TOTAL REVENUE $2,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,607

Other Expenses $126,607

TOTAL EXPENSES $126,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,918	$406,510	-1.0%
Expenses	$126,607	$93,976	+0.3%
Net Income	$-123,689	$312,534	-1.4%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
JOSH ATKINSON	DIRECTOR	Director	$0	$0	$0
WES SCHEMENAUR	DIRECTOR	Director	$0	$0	$0
STEVE STOCKTON	DIRECTOR	Director	$0	$0	$0
JEFF WESTLAKE	DIRECTOR	Director	$0	$0	$0
TABBY SPRUNGER	DIRECTOR	Director	$0	$0	$0
TRAVIS RICHARDS	DIRECTOR	Director	$0	$0	$0
DOUG LOY	DIRECTOR	Director	$0	$0	$0
MATT GOLDSWORTHY	VICE PRESIDENT	Officer	$0	$0	$0
FARON PARR	PRESIDENT	Officer	$0	$0	$0
SHAUNA RUNKLE	SECRETARY	Officer	$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	$2,918	$126,607	$745,718	$-123,689
2023	$406,510	$93,976	$869,407	$312,534
2022	$10,791	No data	$556,873	No data
2021	$13,176	No data	$546,082	No data
2020	$6,600	No data	$532,906	No data
2019	No data	No data	$526,306	No data
2018	No data	No data	$526,806	No data

PORTLAND ECONOMIC DEVELOPMENT CORPORATION