MECOSTA COUNTY DEVELOPMENT CORPORATION (EIN 383221838) - 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

1997

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MECOSTA COUNTY DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit that reported $627K in total revenue in fiscal year 2023. The organization ran a surplus of $538K, a strong 86% operating margin.

Mission

Economic development in Mecosta County. With the goal of attracting new businesses and retention of existing businesses

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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 $625,477

Program Service Revenue $0

Investment Income $1,986

Other Revenue $0

TOTAL REVENUE $627,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $89,388

TOTAL EXPENSES $89,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$627,463	N/A	N/A
Expenses	$89,388	N/A	N/A
Net Income	$538,075	N/A	N/A

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

$67,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michele Graham	Board Chair	4.00	Director	$0	$0	$0
Mark Gifford	Vice Chair	2.00	Director	$0	$0	$0
Robert Fisher	Treasurer Director	2.00	Director	$0	$0	$0
Dave Hamulund	Secretary Director	2.00	Director	$0	$0	$0
Paul Bullock	Board Member	1.00	Director	$0	$0	$0
Patrick Tiedt	Board Member	1.00	Director	$0	$0	$0
Fred Guenther	Board Member	1.00	Director	$0	$0	$0
Mark Klump	Board Member	1.00	Director	$0	$0	$0
Daniel Eichinger	Board Member	1.00	Director	$0	$0	$0
Linda Howard	Board Member	1.00	Director	$0	$0	$0
John Currie	Board Member	1.00	Director	$0	$0	$0
Kelly Wawsczyk	Executive Director	40.00	Key Emp	$67,500	$0	$67,500

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	$627,463	$89,388	$665,724	$538,075

MECOSTA COUNTY DEVELOPMENT CORPORATION