SALEM ECONOMIC DEVELOPMENT CORPORATION (EIN 372045526) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Principal Officer

LOGAN ROTH

Phone

6059295982

Tax Period

2025-01-01 to 2025-12-31

SALEM ECONOMIC DEVELOPMENT CORPORATION, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $285K in total revenue in fiscal year 2022. The organization ran a surplus of $284K, a strong 100% operating margin.

Mission

TO ASSIST AND FURTHER THE ECONOMIC DEVELOPMENT OF SALEM, SD AND ITS ENVIRONS, AND TO PROMOTE AND ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSIENSSES IN THE AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $332,648

Program Service Revenue $0

Investment Income $288

Other Revenue $25,000

TOTAL REVENUE $357,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,510

Other Expenses $14,273

TOTAL EXPENSES $14,273

Year-over-Year Comparison

	2025	2024	Change
Revenue	$357,936	$271,541	+0.3%
Expenses	$14,273	$239,278	-0.9%
Net Income	$343,663	$32,263	+9.7%

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

Employees

N/A

Volunteers

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
DEBRA CHEESEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY GRADY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD KRANZ	DIRECTOR	1.00	Director	$0	$0	$0
KEITH PAULSON	DIRECTOR	1.00	Director	$0	$0	$0
MITCH RAYMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LOGAN ROTH	TREASURER/SE	1.00	Officer Director	$0	$0	$0
CARLA SNYDERS	DIRECTOR	1.00	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	$357,936	$14,273	$1,525,581	$343,663
2024	$271,541	$239,278	$836,918	$32,263
2023	$145,123	$138,992	$811,160	$6,131
2022	$284,876	$1,352	$798,524	$283,524

SALEM ECONOMIC DEVELOPMENT CORPORATION