WARREN COUNTY LOCAL ECONOMIC DEVEL… - 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

BEN DISPENNETT

Phone

7657626055

Tax Period

2023-01-01 to 2023-12-31

WARREN COUNTY LOCAL ECONOMIC DEVELOPMENT ORGANIZATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $319K in total revenue in fiscal year 2023. Expenses of $297K left a modest 7% surplus.

Mission

PROMOTE BUSINESS IN WARREN COUNTY INCLUDING WORKFORCE DEVELOPMENT AND PROGRESSIVE LOCAL DEVELOPMENT AND PROVIDE LOW-INTEREST LOANS FOR SMALL BUSINESS SUPPORT.

Program Service Accomplishments

Program 1

PROVIDE CENTRALIZED COORDINATION OF BUSINESS AND EXPAND INFRASTRUCTURE FOR THE COUNTY. ATTEND AND HOST MEETINGS WITH LOCAL, REGIONAL, AND STATE ORGANIZATIONS. ADMINISTER REVOLVING LOAN PROGRAM FOR...

PROVIDE CENTRALIZED COORDINATION OF BUSINESS AND EXPAND INFRASTRUCTURE FOR THE COUNTY. ATTEND AND HOST MEETINGS WITH LOCAL, REGIONAL, AND STATE ORGANIZATIONS. ADMINISTER REVOLVING LOAN PROGRAM FOR SMALL 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $313,234

Program Service Revenue $0

Investment Income $5,716

Other Revenue $0

TOTAL REVENUE $318,950

Expense Breakdown

Grants Paid $18,500

Salaries & Benefits $107,955

Fundraising Expenses $0

Other Expenses $170,068

TOTAL EXPENSES $296,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,950	N/A	N/A
Expenses	$296,523	N/A	N/A
Net Income	$22,427	N/A	N/A

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

$90,908

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN DISPENNETT	FORMER EXECU	40.00	Officer	$90,908	$0	$90,908
JANE CRAIGIN	DIRECTOR	1.50	Director	$0	$0	$0
DAN DUCHEMIN	PRESIDENT	1.50	Officer Director	$0	$0	$0
CHARLIE DUNN	DIRECTOR	1.50	Director	$0	$0	$0
KAITY EBERHARDT	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
JOHN HETRICK	TREASURER	1.50	Officer Director	$0	$0	$0
DOUG HUBNER	DIRECTOR	1.50	Director	$0	$0	$0
DAVE SERIE	DIRECTOR	1.50	Director	$0	$0	$0
KARA DEWLEN	EXECUTIVE DI	40.00	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
2024	No data	No data	No data	No data
2023	$318,950	$296,523	$513,126	$22,427
2021	$174,076	$147,260	$535,832	$26,816
2020	$116,967	$75,399	$509,016	$41,568

WARREN COUNTY LOCAL ECONOMIC DEVELOPMENT ORGANIZATION