RICHLAND COUNTY DEVELOPMENT CORPOR… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

DAN EAGLESON

Phone

6183922305

Tax Period

2023-07-01 to 2024-06-30

RICHLAND COUNTY DEVELOPMENT CORPORATION, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $174K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $366K represent 25 months of operating reserves.

Mission

TO ENCOURAGE AND ASSIST IN THE DEVELOPMENT OF ECONOMIC, EDUCATIONAL AND CHARITABLE ACTIVITIES OF RICHLAND COUNTY, ILLINOIS AND ITS SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $170,074

TO ENCOURAGE AND ASSIST IN THE DEVELOPMENT OF ECONOMIC, EDUCATIONAL AND CHARITABLE ACTIVITIES OF RICHLAND COUNTY, ILLINOIS AND ITS SURROUNDING COMMUNITIES.

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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 $153,590

Program Service Revenue $0

Investment Income $8,278

Other Revenue $12,000

TOTAL REVENUE $173,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,926

Fundraising Expenses $0

Program Expenses $170,074

Other Expenses $101,178

TOTAL EXPENSES $176,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,868	$254,627	-0.3%
Expenses	$176,104	$197,689	-0.1%
Net Income	$-2,236	$56,938	-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

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
ALLEN BARKER	DIRECTOR	2.00	Director	$0	$0	$0
RYAN HAWKINS	DIRECTOR	2.00	Director	$0	$0	$0
MARTY DOAN	DIRECTOR	2.00	Director	$0	$0	$0
GINA THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
MORGAN HENTON	DIRECTOR	2.00	Director	$0	$0	$0
ADRIAN SHAN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS SIMPSON	DIRECTOR	2.00	Director	$0	$0	$0
LORI UHL	DIRECTOR	2.00	Director	$0	$0	$0
DAN EAGLESON	PRESIDENT	2.00	Officer	$0	$0	$0
MARK LAMBIRD	VICE PRESIDENT	2.00	Officer	$0	$0	$0
KEVIN OCHS	SECRETARY	2.00	Officer	$0	$0	$0
LARRY VOLK	TREASURER	2.00	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
2025	No data	No data	No data	No data
2024	$173,868	$176,104	$367,619	$-2,236
2023	$254,627	$197,689	$370,308	$56,938
2021	$176,707	$140,760	$282,985	$35,947
2020	$197,314	$182,545	$244,912	$14,769

RICHLAND COUNTY DEVELOPMENT CORPORATION