KEWANEE ECONOMIC DEVELOPMENT CORP (EIN 363276581) - 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

1975

Legal Domicile

Principal Officer

KATHERINE ALBERT

Phone

3098535000

Tax Period

2023-01-01 to 2023-12-31

KEWANEE ECONOMIC DEVELOPMENT CORP, founded in 1975, is a small nonprofit that reported $228K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $150K, a strong 66% operating margin.

Mission

ECONOMIC DEVELOPMENT

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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 $53,205

Program Service Revenue $0

Investment Income $1,923

Other Revenue $173,151

TOTAL REVENUE $228,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,815

Fundraising Expenses $0

Program Expenses $78,524

Other Expenses $6,709

TOTAL EXPENSES $78,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,279	$281,958	-0.2%
Expenses	$78,524	$74,146	+0.1%
Net Income	$149,755	$207,812	-0.3%

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

Total Directors

$56,070

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE J ALBERT	EXECUTIVE DIRECTOR	32.00	Director Highest	$56,070	$0	$56,070
CHARLES EASTMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS G RATLIFF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK REWERTS	TREASURER	1.00	Officer Director	$0	$0	$0
SEE LIST	DIRECTORS	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$228,279	$78,524	$1,308,489	$149,755
2022	$281,958	$74,146	$1,158,704	$207,812
2021	$124,328	$75,146	$950,675	$49,182
2020	$126,736	$72,549	$913,932	$54,187

KEWANEE ECONOMIC DEVELOPMENT CORP