KNOX COUNTY AREA PARTNERSHIP FOR ECONOMIC DEVELOPMENT NFP (EIN 371356170) - 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

1996

Legal Domicile

Principal Officer

KENNETH J SPRINGER

Phone

3093431194

Tax Period

2023-01-01 to 2023-12-31

KNOX COUNTY AREA PARTNERSHIP FOR ECONOMIC DEVELOPMENT NFP, founded in 1996, is a small nonprofit that reported $305K in total revenue in fiscal year 2023. Net assets of $749K represent 29 months of operating reserves.

Mission

PROVIDE LEADERSHIP FOR ECONOMIC GROWTH AND PROSPERITY IN THE KNOX COUNTY ILLINOIS REGIONAL AREA.

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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 $95,978

Program Service Revenue $196,900

Investment Income $11,844

Other Revenue $630

TOTAL REVENUE $305,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,119

Fundraising Expenses $0

Program Expenses $192,501

Other Expenses $84,592

TOTAL EXPENSES $305,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$305,352	$290,693	+0.1%
Expenses	$305,711	$303,146	+0.0%
Net Income	$-359	$-12,453	-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
LISA DEKEZEL	DIRECTOR	N/A	Director	$0	$0	$0
JOSH GIBB	TREASURER	N/A	Director	$0	$0	$0
ERIC HANSON	DIRECTOR	N/A	Director	$0	$0	$0
JARED HAWKINSON	DIRECTOR	N/A	Director	$0	$0	$0
REBECCA KING	DIRECTOR	N/A	Director	$0	$0	$0
C ANDREW MCGADNEY	DIRECTOR	N/A	Director	$0	$0	$0
DOUG SANDERS	DIRECTOR	N/A	Director	$0	$0	$0
PETER SCHWARTZMAN	DIRECTOR	N/A	Director	$0	$0	$0
CANDY WEBB	VICE CHAIR	N/A	Director	$0	$0	$0
JOHN PRITCHARD	CHAIR	N/A	Officer	$0	$0	$0
KENNETH J SPRINGER	PRESIDENT	N/A	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
2024	No data	No data	No data	No data
2023	$305,352	$305,711	$883,796	$-359
2022	$290,693	$303,146	$893,665	$-12,453
2021	$335,651	$287,013	$770,718	$48,638
2020	$261,899	$322,664	$731,459	$-60,765
2019	$311,701	$272,429	$784,934	$39,272
2018	$303,121	$313,554	$750,614	$-10,433

KNOX COUNTY AREA PARTNERSHIP FOR ECONOMIC DEVELOPMENT NFP