LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT COUNCIL (EIN 371151893) - 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

1983

Legal Domicile

Principal Officer

ROGER KULL

Phone

6189437575

Tax Period

2024-01-01 to 2024-12-31

LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT COUNCIL, founded in 1983, is a micro nonprofit that reported $53K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $760K represent 173 months of operating reserves.

Mission

INDUSTRIAL 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 $9,000

Program Service Revenue $41,994

Investment Income $1,769

Other Revenue $0

TOTAL REVENUE $52,763

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,505

Other Expenses $43,639

TOTAL EXPENSES $52,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,763	$58,604	-0.1%
Expenses	$52,639	$39,455	+0.3%
Net Income	$124	$19,149	-1.0%

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

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

$11,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BREWER	DIRECTOR	0.00	Director	$0	$0	$0
PAM NOLAN	DIRECTOR	0.00	Director	$0	$0	$0
BETTY BRIAN	DIRECTOR	0.00	Director	$0	$0	$0
DR JERRI BOUGHAN	DIRECTOR	0.00	Director	$0	$0	$0
DR GARY CARR	DIRECTOR	0.00	Director	$0	$0	$0
CAL SECHREST	CO-CHAIRPERSON	0.00	Director	$0	$0	$0
BRADY RICE	DIRECTOR	0.00	Director	$0	$0	$0
BRANDON GURLEY	DIRECTOR	0.00	Director	$0	$0	$0
DAVID COURTNEY	DIRECTOR	0.00	Director	$0	$0	$0
TYLER GRIFFIN	DIRECTOR	0.00	Director	$0	$0	$0
JOE WEGER	DIRECTOR	0.00	Director	$0	$0	$0
HEATHER SHULTZ	DIRECTOR	0.00	Director	$0	$0	$0
TJ MOYES	DIRECTOR	0.00	Director	$0	$0	$0
ROGER KULL	TREASURER	0.00	Officer	$0	$0	$0
MARVA GREEN	CHAIRPERSON	0.00	Officer	$0	$0	$0
DON WAGNER	EXECUTIVE DIRECTOR	20.00	Key Emp	$11,000	$0	$11,000

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	$52,763	$52,639	$760,206	$124
2023	$58,604	$39,455	$760,082	$19,149
2022	$65,299	$43,609	$740,933	$21,690
2021	$64,111	$50,808	$719,238	$13,303
2020	$74,279	$72,887	$705,935	$1,392
2019	$69,245	$72,008	$704,542	$-2,763
2018	$64,048	$62,464	$689,305	$1,584

LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT COUNCIL