VADNAIS HEIGHTS ECONOMIC DEVELOPMENT CORPORATION (EIN 411524569) - 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

1984

Legal Domicile

Principal Officer

LIZ MOSCATELLI

Phone

6514859532

Tax Period

2024-01-01 to 2024-12-31

VADNAIS HEIGHTS ECONOMIC DEVELOPMENT CORPORATION, founded in 1984, is a small nonprofit that reported $128K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $112K left a modest 13% surplus.

Mission

OUR MISSION IS TO ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF VADNAIS HEIGHTS AND THE SURROUNDING AREAS THROUGH THE ATTRACTION, RETENTION, AND EXPANSION OF EXISTING BUSINESSES AND INDUSTRIES.

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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 $78,938

Program Service Revenue $46,455

Investment Income $16

Other Revenue $2,956

TOTAL REVENUE $128,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,600

Fundraising Expenses $0

Program Expenses $106,522

Other Expenses $45,239

TOTAL EXPENSES $111,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,365	$106,006	+0.2%
Expenses	$111,839	$102,855	+0.1%
Net Income	$16,526	$3,151	+4.2%

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

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

$66,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA STAFKI	SECRETARY	1.00	Officer Director	$0	$0	$0
MEGAN DOHMEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN DEUEL	TREASURER	5.00	Officer Director	$0	$0	$0
KATIE SWENSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TARA JEBENS-SINGH	DIRECTOR	1.00	Director	$0	$0	$0
LINDA TOMPSON CARPENTER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN WELCH LOFROMENTO	DIRECTOR	1.00	Director	$0	$0	$0
JUSTON ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CINDY O'DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE KAZMIERCZAK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WILHELMI	DIRECTOR	1.00	Director	$0	$0	$0
ED JAMBOR	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PELTO	DIRECTOR	1.00	Director	$0	$0	$0
JILL FUNCK	DIRECTOR	1.00	Director	$0	$0	$0
JOE ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
KYLE SOMMER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HAUPT	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH GUSTAFSON	DIRECTOR	1.00	Director	$0	$0	$0
PATTY STEELE	DIRECTOR	1.00	Director	$0	$0	$0
LIZ MOSCATELLI	EXECUTIVE DIRECTOR	32.00	Officer	$66,600	$0	$66,600

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	$128,365	$111,839	$105,216	$16,526
2023	$106,006	$102,855	$88,690	$3,151
2022	$112,741	$93,274	$85,539	$19,467
2021	$154,975	$139,192	$66,072	$15,783
2020	$93,523	$92,219	$50,289	$1,304
2019	$136,356	$165,494	$48,985	$-29,138
2018	$172,505	$198,147	$78,123	$-25,642

VADNAIS HEIGHTS ECONOMIC DEVELOPMENT CORPORATION