STEUBEN COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 383690102) - 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

2004

Legal Domicile

Principal Officer

JOSH DURBIN

Phone

2606656889

Tax Period

2024-01-01 to 2024-12-31

STEUBEN COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $579K in total revenue in fiscal year 2024. Expenses of $528K left a modest 9% surplus.

Mission

THE MISSION OF THE CORPORATION IS TO IMPROVE THE QUALITY OF LIFE FOR THE CITIZENS OF STEUBEN COUNTY, INDIANA, THROUGH ENHANCED EMPLOYMENT OPPORTUNITIES RESULTING FROM THE RESPONSIBLE GROWTH OF BUSINESS AND INDUSTRY.

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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 $259,822

Program Service Revenue $288,500

Investment Income $21,636

Other Revenue $8,907

TOTAL REVENUE $578,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,967

Fundraising Expenses $0

Program Expenses $352,991

Other Expenses $307,901

TOTAL EXPENSES $527,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$578,865	$537,646	+0.1%
Expenses	$527,868	$615,285	-0.1%
Net Income	$50,997	$-77,639	-1.7%

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

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
BERT ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
DAN FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HASSELMAN	DIRECTOR	1.00	Director	$0	$0	$0
JALAINE HINMAN	DIRECTOR	1.00	Director	$0	$0	$0
WIL HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MARTIN MAYOR	DIRECTOR	1.00	Director	$0	$0	$0
JIM MILLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN SABINS	DIRECTOR	1.00	Director	$0	$0	$0
KEN SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
BRENT SHULL	DIRECTOR	1.00	Director	$0	$0	$0
KEN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK COWEN	TREASURER	5.00	Officer	$0	$0	$0
JOSH DURBIN	PRESIDENT	5.00	Officer	$0	$0	$0
ANDREW HERSHMAN	VICE PRESIDE	5.00	Officer	$0	$0	$0
ANGIE LOGAN	SECRETARY	5.00	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
2024	$578,865	$527,868	$1,043,154	$50,997
2023	$537,646	$615,285	$986,211	$-77,639
2022	$561,883	$501,589	$993,636	$60,294
2021	$464,534	$532,104	$939,626	$-67,570
2020	$538,601	$539,558	$990,839	$-957
2019	$437,658	$483,577	$1,175,818	$-45,919
2018	$486,282	$475,778	$1,233,169	$10,504

STEUBEN COUNTY ECONOMIC DEVELOPMENT CORPORATION