REGIONAL ECONOMIC DEVELOPMENT CORP (EIN 371386985) - 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

1999

Legal Domicile

Phone

6189988252

Tax Period

2024-05-01 to 2025-04-30

REGIONAL ECONOMIC DEVELOPMENT CORP, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $238K in total revenue in fiscal year 2024. The organization ran a surplus of $150K, a strong 63% operating margin.

Mission

PROMOTE ECONOMIC VIABILITY OF SOUTHERN ILLINOIS

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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 $188,257

Program Service Revenue $0

Investment Income $49,867

Other Revenue $0

TOTAL REVENUE $238,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,569

Other Expenses $88,429

TOTAL EXPENSES $88,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,124	$245,397	0.0%
Expenses	$88,429	$88,587	0.0%
Net Income	$149,695	$156,810	0.0%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MARLO	DIRECTOR	2.00	Director	$0	$0	$0
MIKE ABSHER	DIRECTOR	2.00	Director	$0	$0	$0
BRAD ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
STEVE FRATTINI	DIRECTOR	2.00	Director	$0	$0	$0
CRIS TRAPANI	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER OLSON	DIRECTOR	2.00	Director	$0	$0	$0
DOUG KIMMEL	DIRECTOR	2.00	Director	$0	$0	$0
GLENN CLARIDA	DIRECTOR	2.00	Director	$0	$0	$0
RODNEY CABANESS	DIRECTOR	2.00	Director	$0	$0	$0
DOUG DOBBINS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM COX	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE CHANEY HARTFORD	DIRECTOR	2.00	Director	$0	$0	$0
TONI PERKINS	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN FRERICHS	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEE SPILLER	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE SHEPPERD	DIRECTOR	0.00	Director	$0	$0	$0
BOB MEES	VICE PRESIDENT - INTERNAL	2.00	Officer	$0	$0	$0
BRIAN ZIEGLER	CHAIRMAN	2.00	Officer	$0	$0	$0
MIKE MONCHINO	VICE CHAIRMAN	2.00	Officer	$0	$0	$0
MARLENE SIMPSON	SECRETARY	2.00	Officer	$0	$0	$0
CARL GOODWIN	TREASURER	2.00	Officer	$0	$0	$0
FRANK COLOMBO	PRESIDENT	2.00	Officer	$0	$0	$0
CARY MINNIS	VICE PRESIDENT - EXTERNAL	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	$238,124	$88,429	$3,508,366	$149,695
2024	$245,397	$88,587	$3,448,599	$156,810
2023	$985,503	$127,833	$3,377,912	$857,670
2022	$209,539	$138,135	$3,534,153	$71,404
2021	$163,813	$118,710	$3,480,045	$45,103
2020	$219,077	$109,115	$3,469,081	$109,962
2019	$216,726	$111,100	$3,391,434	$105,626

REGIONAL ECONOMIC DEVELOPMENT CORP