GRANT COUNTY ECONOMIC DEVELOPMENT … - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

DAVID VARNUM

Tax Period

2020-01-01 to 2020-12-31

GRANT COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1986, is a small nonprofit that reported $219K in total revenue in fiscal year 2020.

Mission

ENCOURAGE NEW/EXISTING BUSINESS TO GROW IN GRANT COUNTY

Program Service Accomplishments

Program 1

Expenses: $147,923 Revenue: $125,783

WORK WITH INDUSTRY AND BUSINESS PROSPECTS ON SITE LOCATIONS AND EXPANSIONS. ASSIST WITH WORKSHOPS AND CONFERENCES, EDUCATING LOCAL ENTREPRENEURS WITH BUSINESS MARKETING, GRANT WRITING, AND CREATING...

Program 2

Expenses: $84,133 Revenue: $32,914

BUSINESS ASSISTANCE THROUGH LOW INTEREST LOANS THROUGH ACCUMULATED FUNDS AND USDA GRANT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $185,311

Program Service Revenue $32,914

Investment Income $472

Other Revenue $0

TOTAL REVENUE $218,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,113

Fundraising Expenses $0

Program Expenses $232,056

Other Expenses $120,943

TOTAL EXPENSES $232,056

Year-over-Year Comparison

	2020	2019	Change
Revenue	$218,697	N/A	N/A
Expenses	$232,056	N/A	N/A
Net Income	$-13,359	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

N/A

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

$67,111

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON BRISBOIS	EXECUTIVE DIRECTOR	40.00	Key Emp	$64,971	$2,140	$67,111
JOHN BEINBORN	SECRETARY	4.00	Officer	$0	$0	$0
EILEEN NICKELS	PRESIDENT-ELECT	4.00	Officer	$0	$0	$0
DAVID VARNUM	PRESIDENT	8.00	Officer	$0	$0	$0
DALE NEIS	PAST PRESIDENT	4.00	Officer	$0	$0	$0
ROBERT KEENEY	TREASURER	4.00	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
2025	No data	No data	No data	No data
2020	$218,697	$232,056	$129,810	$-13,359

GRANT COUNTY ECONOMIC DEVELOPMENT CORPORATION