Lenawee Economic Development Corp

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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

1946

Legal Domicile

Phone

5172655141

Tax Period

2025-01-01 to 2025-12-31

Lenawee Economic Development Corp, founded in 1946, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025. Revenue decreased 18% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

to stimulate economic development, attract new businesses, grow established businesses and support entrepreneurial endeavors in Lenawee County

Program Service Accomplishments

Program 1

Expenses: $1,175,031

to promote and advance the commercial industrial moral and civic welfare of Lenawee County to promote new economic development in Lenawee County and assist Lenawee County businesses and industries to...

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,057,462

Program Service Revenue $2,524

Investment Income $80,691

Other Revenue $7,806

TOTAL REVENUE $1,148,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,350

Fundraising Expenses $46,043

Program Expenses $1,175,031

Other Expenses $842,966

TOTAL EXPENSES $1,435,316

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,148,483	$1,405,347	-0.2%
Expenses	$1,435,316	$1,562,163	-0.1%
Net Income	$-286,833	$-156,816	+0.8%

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
Julie Yaroch	Director	1.00	Director	$0	$0	$0
Patrick Farver	Executive Director	40.00	Director	$0	$0	$0
Mark Haag	Director	1.00	Director	$0	$0	$0
Jed Engle	Director	1.00	Director	$0	$0	$0
John Gramm	Director	1.00	Director	$0	$0	$0
Rick Gurdjian	Director	1.00	Director	$0	$0	$0
Jason Hess	Treasurer	1.00	Officer	$0	$0	$0
Mindy Bradish-Orta	Secretary	1.00	Officer	$0	$0	$0
James Kapnick	Chair	1.00	Officer	$0	$0	$0
Arell Chapman	Vice Chair	1.00	Officer	$0	$0	$0
Timothy Robinson	Director of Operations	40.00	Key Emp	$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	$1,148,483	$1,435,316	$9,799,170	$-286,833
2024	$1,405,347	$1,562,163	$10,186,190	$-156,816
2023	$3,488,446	$3,403,745	$8,197,330	$84,701
2022	$1,882,583	$1,566,046	$2,610,871	$316,537
2021	$1,393,538	$987,121	$906,704	$406,417
2020	$825,054	$752,246	$560,391	$72,808
2019	$772,228	$649,722	$469,847	$122,506
2018	$576,893	$560,973	$233,135	$15,920