DAVIESS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC (EIN 352219605) - 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

Formation Year

2003

Legal Domicile

Principal Officer

MIKE HEALY

Phone

8122541500

Tax Period

2024-01-01 to 2024-12-31

DAVIESS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 2003, is a micro nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024.

Mission

EXCLUSIVELY TO BENEFIT, CARRY OUT, AND PERFORM THE EXCLUSIVELY CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES OF THE "SUPPORTED ORGANIZATION"

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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 $2,002,842

Program Service Revenue $0

Investment Income $-3,811,298

Other Revenue $397,970

TOTAL REVENUE $-1,410,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,456,416

Other Expenses $1,456,416

TOTAL EXPENSES $1,456,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-1,410,486	$-2,314,179	-0.4%
Expenses	$1,456,416	$695,117	+1.1%
Net Income	$-2,866,902	$-3,009,296	0.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT PARISIEN	CHAIRMAN	1.00	Director	$0	$0	$0
AJ MILES	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
J MIKE HEALY	TREASURER	1.00	Director	$0	$0	$0
MATT MEREDITH	SECRETARY	1.00	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
2024	$-1,410,486	$1,456,416	$13,390,352	$-2,866,902
2023	$-2,314,179	$695,117	$17,992,630	$-3,009,296
2022	$1,463,139	$815,162	$20,819,856	$647,977
2021	$1,842,581	$1,009,803	$21,542,213	$832,778
2020	$1,525,565	$964,822	$23,412,646	$560,743
2019	$1,661,919	$1,003,446	$24,147,222	$658,473
2018	$1,018,097	$1,326,312	$25,921,601	$-308,215

DAVIESS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC