STEVENS COUNTY EIC INC

EIN: 411383188 501(c)(3) Community Improvement

MORRIS, MN

Total Revenue
$241,904
Total Expenses
$203,315
Total Assets
$1,621,256
Net Assets
$1,268,458
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MN
Principal Officer
CHERYL KUHN
Phone
3205852609
Tax Period
2024-01-01 to 2024-12-31

STEVENS COUNTY EIC INC, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $242K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 16% operating margin.

Mission

THE GOAL OF THE ORGANIZATION IS TO CREATE AND RETAIN JOBS AND TO ASSIST WITH EXISTING, EXPANDING AND POTENTIAL BUSINESS AND INDUSTRY IN STEVENS COUNTY,MINNESOTA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $181,315
Program Service Revenue $53,400
Investment Income $7,189
Other Revenue $0
TOTAL REVENUE $241,904

Expense Breakdown

Grants Paid $0
Salaries & Benefits $162,896
Fundraising Expenses $0
Program Expenses $152,999
Other Expenses $40,419
TOTAL EXPENSES $203,315

Year-over-Year Comparison

2024 2023 Change
Revenue $241,904 $184,592 +0.3%
Expenses $203,315 $254,503 -0.2%
Net Income $38,589 $-69,911 -1.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
4
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
6
$117,188
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL KUHN EXECUTIVE DI 40.00
Officer
$117,188 $0 $117,188
RENEE KANNEGIESSER CHAIRPERSON N/A
Officer Director
$0 $0 $0
JUSTIN CRONEN VICE CHAIRPE N/A
Officer Director
$0 $0 $0
BRYAN HERRMANN CHAIRPERSON N/A
Officer Director
$0 $0 $0
DONNY WOHLERS TREASURER N/A
Officer Director
$0 $0 $0
JODI BEDEL REPRESENTATI N/A
Director
$0 $0 $0
RYAN SLEITER REPRESENTATI N/A
Director
$0 $0 $0
KEVIN WOHLERS REPRESENTATI N/A
Director
$0 $0 $0
KURT GARTLAND REPRESENTATI N/A
Director
$0 $0 $0
MICHELLE TRITZ REPRESENTATI N/A
Director
$0 $0 $0
JEFF SCHAEFER REPRESENTATI N/A
Director
$0 $0 $0
REBECCA SHRUPP REPRESENTATI N/A
Director
$0 $0 $0
MIKE MAHONEY REPRESENTATI N/A
Director
$0 $0 $0
DREW MARTIG REPRESENTATI N/A
Director
$0 $0 $0
REBECCA YOUNG EX-OFFICIO N/A
Director
$0 $0 $0
KAYLA HAWKINSON SECRETARY N/A
Officer 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 $241,904 $203,315 $1,621,256 $38,589
2023 $184,592 $254,503 $1,643,936 $-69,911
2022 $155,615 $152,393 $1,768,882 $3,222
2021 $158,894 $170,077 $1,816,525 $-11,183
2020 $227,689 $150,566 $1,880,545 $77,123
2019 $148,054 $150,139 $1,851,603 $-2,085
2018 $150,300 $193,252 $1,906,241 $-42,952
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