DOUGLAS COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 371295590) - 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

1992

Legal Domicile

Principal Officer

BRIAN MOODY

Phone

2172532552

Tax Period

2024-07-01 to 2025-06-30

DOUGLAS COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit that reported $292K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $266K left a modest 9% surplus.

Mission

TO DEVELOP THE ECONOMY OF TUSCOLA AND DOUGLAS COUNTY, ILLINOIS THROUGH BUSINESS ASSISTANCE,CONSULTING AND RECRUITING.

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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 $262,185

Program Service Revenue $26,413

Investment Income $704

Other Revenue $2,468

TOTAL REVENUE $291,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,931

Fundraising Expenses $0

Other Expenses $40,136

TOTAL EXPENSES $266,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,770	$269,117	+0.1%
Expenses	$266,067	$183,823	+0.4%
Net Income	$25,703	$85,294	-0.7%

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

N/A

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

$213,294

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MOODY	EXECUTIVE DI	40.00	Director	$86,523	$29,599	$116,122
STEPHENY MCMAHON	ASSISTANT DI	40.00	Director	$78,662	$18,510	$97,172
JACKI ATHEY	DIRECTOR	N/A	Director	$0	$0	$0
TAMMY BENNETT	DIRECTOR	N/A	Director	$0	$0	$0
DALE BOYER	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAN HENRY	DIRECTOR	N/A	Director	$0	$0	$0
DREW HOEL	SECRETARY	N/A	Officer Director	$0	$0	$0
CORY KLEISS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TOM MULLIGAN	DIRECTOR	N/A	Director	$0	$0	$0
BILL WAGONER	DIRECTOR	N/A	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	$291,770	$266,067	$215,030	$25,703
2024	$269,117	$183,823	$192,138	$85,294

DOUGLAS COUNTY ECONOMIC DEVELOPMENT CORPORATION