LEEDS ECONOMIC DEVELOPMENT CORPORATION (EIN 363719006) - 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

1996

Legal Domicile

Principal Officer

ROGER KENNER

Phone

7017397158

Tax Period

2024-01-01 to 2024-12-31

LEEDS ECONOMIC DEVELOPMENT CORPORATION, founded in 1996, is a small nonprofit that reported $288K in total revenue in fiscal year 2024. The organization ran a surplus of $99K, a strong 34% operating margin.

Mission

LOCAL 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,100

Investment Income $14,453

Other Revenue $235,051

TOTAL REVENUE $287,604

Expense Breakdown

Grants Paid $153,600

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35,385

TOTAL EXPENSES $188,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$287,604	$296,461	0.0%
Expenses	$188,985	$209,414	-0.1%
Net Income	$98,619	$87,047	+0.1%

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

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
TONY GRATTON	TREASURER	1.00	Officer Director	$0	$0	$0
RON HOFSTRAND	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF JACOBSON	DIRECTOR	0.00	Director	$0	$0	$0
STEVE JORGENSON	DIRECTOR	0.00	Director	$0	$0	$0
ERICA KENNER	DIRECTOR	0.00	Director	$0	$0	$0
ROGER KENNER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KYLE NELSEN	DIRECTOR	0.00	Director	$0	$0	$0
DENNIS PAULSON	DIRECTOR	0.00	Director	$0	$0	$0
BRADY STOLL	DIRECTOR	0.00	Director	$0	$0	$0
KEITH STREYLE	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK STREYLE	DIRECTOR	0.00	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	$287,604	$188,985	$1,101,566	$98,619
2023	$296,461	$209,414	$1,000,514	$87,047
2022	$279,437	$173,252	$913,467	$106,185
2021	$348,905	$128,927	$807,282	$219,978
2020	$340,282	$41,699	$604,846	$298,583
2019	$81,953	$74,585	$285,950	$7,368
2018	$84,019	$55,457	$277,033	$28,562

LEEDS ECONOMIC DEVELOPMENT CORPORATION