ST CROIX ECONOMIC DEVELOPMENT (EIN 391758489) - 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

1985

Legal Domicile

Principal Officer

SUSAN YOHNK LOCKWOOD

Phone

7153814383

Tax Period

2024-01-01 to 2024-12-31

ST CROIX ECONOMIC DEVELOPMENT, founded in 1985, is a small nonprofit that reported $257K in total revenue in fiscal year 2024.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT, WHICH SHALL INCLUDE INDUSTRIAL AND COMMERCIAL DEVELOPMENT, JOB CREATION AND RETENTION AND JOB TRAINING. TO PROVIDE DIRECTION AND COORDINATION TO DEVELOPMENT. TO ASSIST TOWNS, VILLAGES, CITIES AND OTHER ORGANIZATIONS WITH FINANCING AND PERMIT APPLICATIONS FOR ECONOMIC DEVELOPMENT. TO RESEARCH AVAILABLE RESOURCES AND CREATE AND MAINTAIN A CENTRAL SOURCE OF INFORMATION AND ASSISTANCE TO SUPPORT ECONOMIC DEVELOPMENT. TO MAINTAIN CONTACT AND COOPERATE WITH PUBLIC AGENCIES AND PRIVATE ORGANIZATIONS WHICH PROMOTE ECONOMIC DEVELOPMENT.

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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 $256,335

Program Service Revenue $6,750

Investment Income $2,772

Other Revenue $-8,759

TOTAL REVENUE $257,098

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $164,594

Fundraising Expenses $6,660

Program Expenses $173,575

Other Expenses $101,875

TOTAL EXPENSES $267,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,098	$258,344	0.0%
Expenses	$267,469	$289,863	-0.1%
Net Income	$-10,371	$-31,519	-0.7%

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

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
TOM AABY	DIRECTOR	2.00	Director	$0	$0	$0
MIKE BARCALOW	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN BOLDIG	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE BORGSTROM	DIRECTOR	2.00	Director	$0	$0	$0
MATT DIETHERT	DIRECTOR	2.00	Director	$0	$0	$0
BOB FEIDLER	DIRECTOR	2.00	Director	$0	$0	$0
STEVE GOSSEL	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN HINZ	2ND VICE PRE	2.00	Officer Director	$0	$0	$0
NEIL KLEIN	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN YOHNK LOCKWOOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM LOONAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SHERRI MARNELL	DIRECTOR	2.00	Director	$0	$0	$0
STEVE MASSEY	DIRECTOR	25.00	Director	$0	$0	$0
SCOTT MORRISSETTE	DIRECTOR	2.00	Director	$0	$0	$0
MARINA ONKEN	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
KRISTA PAULUS	PAST PRESIDE	2.00	Director	$0	$0	$0
KIM ROCK	DIRECTOR	2.00	Director	$0	$0	$0
RYAN SHERLEY	DIRECTOR	2.00	Director	$0	$0	$0
AARON SUNDEEN	DIRECTOR	2.00	Director	$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	$257,098	$267,469	$287,496	$-10,371
2023	$258,344	$289,863	$298,335	$-31,519
2022	$224,013	$214,078	$328,622	$9,935
2021	$211,994	$204,088	$346,486	$7,906
2020	$212,881	$206,843	$335,216	$6,038
2019	$211,654	$171,096	$324,983	$40,558
2018	$209,916	$188,146	$291,152	$21,770

ST CROIX ECONOMIC DEVELOPMENT