DEKALB COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC (EIN 364577514) - 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

2005

Legal Domicile

Principal Officer

ANTHONY KING

Phone

2609271180

Tax Period

2024-01-01 to 2024-12-31

DEKALB COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $343K in total revenue in fiscal year 2024. The organization ran a surplus of $86K, a strong 25% operating margin.

Mission

WERE ON A MISSION TO IMPROVE THE QUALITY OF LIFE FOR THE CITIZENS OF DEKALB COUNTY THROUGH THE RESPONSIBLE GROWTH OF BUSINESS AND INDUSTRY. OUR VISION IS TO FACILITATE INVESTMENT INTO MAKING DEKALB COUNTY A PREMIER ECONOMIC DRIVER IN NORTHEAST INDIANA AND IN THE GREATER MIDWEST REGION OF THE UNITED STATES.

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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 $84,022

Program Service Revenue $246,200

Investment Income $11,881

Other Revenue $654

TOTAL REVENUE $342,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,840

Fundraising Expenses $0

Program Expenses $187,053

Other Expenses $95,218

TOTAL EXPENSES $257,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,757	$337,435	+0.0%
Expenses	$257,058	$300,455	-0.1%
Net Income	$85,699	$36,980	+1.3%

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

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

$93,947

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY KING	PRESIDENT/CE	40.00	Officer	$93,947	$0	$93,947
MAYOR DAVE CLARK	MEMBER	0.50	Director	$0	$0	$0
AMY DEMSKE	MEMBER	0.50	Director	$0	$0	$0
RUDI EIDAM	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
TODD FIANDT	MEMBER	0.50	Director	$0	$0	$0
MIKE HASSELMAN	MEMBER	0.50	Director	$0	$0	$0
PAM HOWARD	PRESIDENT	0.50	Officer Director	$0	$0	$0
JEFF LAMASTER	MEMBER	0.50	Director	$0	$0	$0
VIVIAN LIKES	MEMBER	0.50	Director	$0	$0	$0
TODD SANDERSON	MEMBER	0.50	Director	$0	$0	$0
AARON SCHAFFER	TREASURER	0.50	Officer Director	$0	$0	$0
COREY SCHOON	MEMBER	0.50	Director	$0	$0	$0
MARY SIMCOX	SECRETARY	0.50	Officer Director	$0	$0	$0
MIKE TULLIS	MEMBER	0.50	Director	$0	$0	$0
TOM WELRING	MEMBER	0.50	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	$342,757	$257,058	$321,756	$85,699
2023	$337,435	$300,455	$236,970	$36,980
2022	$283,907	$347,448	$201,703	$-63,541
2021	$296,949	$302,354	$262,270	$-5,405
2020	$253,713	$201,788	$267,675	$51,925

DEKALB COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC