LEE COUNTY INDUSTRIAL DEV ASSOCIATION (EIN 366050638) - 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

1960

Legal Domicile

Phone

8156261277

Tax Period

2024-01-01 to 2024-12-31

LEE COUNTY INDUSTRIAL DEV ASSOCIATION, founded in 1960, is a small nonprofit that reported $247K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 52% operating margin.

Mission

THE SPECIFIC MISSION FOR WHICH THE LCIDA IS ORGANIZED IS TO PROMOTE, DEVELOP AND FACILITATE INDUSTRIAL, COMMERCIAL, AND BUSINESS ENTERPRISES IN LEE COUNTY, ILLINOIS, INCLUDING AIDING IN THE RETENTION AND EXPANSION OF BUSINESS IN LEE COUNTY.

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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 $150,000

Program Service Revenue $0

Investment Income $96,739

Other Revenue $0

TOTAL REVENUE $246,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,000

Other Expenses $119,591

TOTAL EXPENSES $119,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,739	$138,337	+0.8%
Expenses	$119,591	$168,856	-0.3%
Net Income	$127,148	$-30,519	-5.2%

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
CHAD WEIGLE	DIRECTOR	0.50	Director	$0	$0	$0
DANNY LANGLOSS	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SCHREINER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF STAUTER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GLEN HUGHES	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT LESAGE III	DIRECTOR	0.50	Director	$0	$0	$0
RORY SOHN	TREASURER	1.00	Officer Director	$0	$0	$0
GEOFFREY SMITH	DIRECTOR	0.50	Director	$0	$0	$0
BOB OLSON	DIRECTOR	0.50	Director	$0	$0	$0
REED AKRE	DIRECTOR	0.50	Director	$0	$0	$0
WENDY RYERSON	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN MARX	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY ENGLUND	DIRECTOR	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	$246,739	$119,591	$1,107,106	$127,148
2023	$138,337	$168,856	$979,958	$-30,519
2022	$79,598	$50,420	$1,010,477	$29,178
2021	$105,053	$81,872	$981,299	$23,181
2020	$1,791	$188,563	$958,118	$-186,772
2019	$124,521	$49,526	$1,144,890	$74,995
2018	$82,350	$180,240	$1,069,895	$-97,890

LEE COUNTY INDUSTRIAL DEV ASSOCIATION