Jacksonville Regional Economic Development Corporation (EIN 376049714) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

Kai Schnitker

Phone

2174794627

Tax Period

2023-01-01 to 2023-12-31

Jacksonville Regional Economic Development Corporation, founded in 1964, is a small nonprofit that reported $297K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $273K left a modest 8% surplus.

Mission

To encourage, promote, aid, and assist industrial and commercial economic welfare and growth of the city of Jacksonville and surrounding areas.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $292,550

Program Service Revenue $0

Investment Income $2,485

Other Revenue $1,904

TOTAL REVENUE $296,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,767

Fundraising Expenses $0

Program Expenses $212,033

Other Expenses $117,311

TOTAL EXPENSES $273,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,939	$235,651	+0.3%
Expenses	$273,078	$224,560	+0.2%
Net Income	$23,861	$11,091	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$66,193

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kai Schnitker	Chairman	0.50	Officer Director	$0	$0	$0
Rob Lyman	Vice Chairman	0.50	Officer Director	$0	$0	$0
Chris Gordon	Treasurer	0.50	Officer Director	$0	$0	$0
Darin Gehrke	Secretary	0.50	Officer Director	$0	$0	$0
Dan Beard	Assistant Secretary	0.50	Officer Director	$0	$0	$0
Ginny Fanning	Past Chairman	0.50	Officer Director	$0	$0	$0
Mike Anderson	Director	0.50	Director	$0	$0	$0
Shawn Artis	Director	0.50	Director	$0	$0	$0
Jim Burke	Director	0.50	Director	$0	$0	$0
Demeion Collins	Director	0.50	Director	$0	$0	$0
Tyler Devlin	Director	0.50	Director	$0	$0	$0
Dusty Douglas	Director	0.50	Director	$0	$0	$0
Andy Ezard	Director	0.50	Director	$0	$0	$0
Barbara Farley	Director	0.50	Director	$0	$0	$0
Brad Floreth	Director	0.50	Director	$0	$0	$0
Jamie Headen	Director	0.50	Director	$0	$0	$0
Eric Hobbie	Director	0.50	Director	$0	$0	$0
Kristan Becker-Hoffman	Director	0.50	Director	$0	$0	$0
Beth Hopkins	Director	0.50	Director	$0	$0	$0
Trevor Huffman	Director	0.50	Director	$0	$0	$0
Meri Jones	Director	0.50	Director	$0	$0	$0
Pam Martin	Director	0.50	Director	$0	$0	$0
Keri Mason	Director	0.50	Director	$0	$0	$0
Nicole Meyer	Director	0.50	Director	$0	$0	$0
Lisa Musch	Director	0.50	Director	$0	$0	$0
Jodee Nell	Director	0.50	Director	$0	$0	$0
Brian Nyberg	Director	0.50	Director	$0	$0	$0
Amy Quigg	Director	0.50	Director	$0	$0	$0
Shawn Rennecker	Director	0.50	Director	$0	$0	$0
JJ Richardson	Director	0.50	Director	$0	$0	$0
Caryl Sanders	Director	0.50	Director	$0	$0	$0
Rob Thomas	Director	0.50	Director	$0	$0	$0
Lauren Thomas	Director	0.50	Director	$0	$0	$0
Clinton Thompson	Director	0.50	Director	$0	$0	$0
Pat VanDeVeide	Director	0.50	Director	$0	$0	$0
Mike Wankel	Director	0.50	Director	$0	$0	$0
Cheryl Welge	Director	0.50	Director	$0	$0	$0
Chad Winters	Director	0.50	Director	$0	$0	$0
Allan Worrell	Director	0.50	Director	$0	$0	$0
Kristin Van Aken Jamison	President	40.00	Officer	$0	$0	$66,193

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	$296,939	$273,078	$412,473	$23,861
2022	$235,651	$224,560	$388,612	$11,091
2021	$258,369	$218,253	$381,348	$40,116
2020	$202,161	$201,197	$341,350	$964
2019	$218,797	$202,703	$340,458	$16,094
2018	$206,587	$190,055	$324,356	$16,532

Jacksonville Regional Economic Development Corporation