DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 363524353) - 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

1987

Legal Domicile

Principal Officer

MICHAEL KOKOTT

Phone

8158952711

Tax Period

2023-01-01 to 2023-12-31

DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit that reported $648K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $613K left a modest 5% surplus.

Mission

PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS IN DEKALB COUNTY, ATTRACT BUSINESS AND INDUSTRY TO DEKALB COUNTY, ASSIST WITH WORKFORCE DEVELOPMENT, AND FACILITATE DEMOGRAPHIC RESEARCH AND EDUCATIONAL ACTIVITIES.

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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 $500,272

Program Service Revenue $102,844

Investment Income $3,809

Other Revenue $40,828

TOTAL REVENUE $647,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376,330

Fundraising Expenses $46,898

Program Expenses $524,326

Other Expenses $236,243

TOTAL EXPENSES $612,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$647,753	$561,356	+0.2%
Expenses	$612,573	$596,845	+0.0%
Net Income	$35,180	$-35,489	-2.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KOKOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN LAMB	TREAURER	1.00	Officer Director	$0	$0	$0
PRAMIT PATEL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
FRANK ROBERTS	IMMEDIATE PP	1.00	Officer Director	$0	$0	$0
CORTNEY STROHACKER	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL BOREK	EXECUTIVE DI	60.00	Officer	$0	$0	$0
C MARK WILLIAMS	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	$647,753	$612,573	$555,770	$35,180
2022	$561,356	$596,845	$550,331	$-35,489
2021	$611,941	$448,811	$494,025	$163,130
2020	$499,364	$501,722	$328,337	$-2,358
2019	$518,479	$477,974	$328,357	$40,505
2018	$398,816	$421,923	$295,451	$-23,107

DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION