AITKIN COUNTY GROWTH INC (EIN 411555856) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

PAT MURPHY

Phone

2189272172

Tax Period

2024-01-01 to 2024-12-31

AITKIN COUNTY GROWTH INC, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $416K in total revenue in fiscal year 2024. The organization ran a surplus of $154K, a strong 37% operating margin.

Mission

PROMOTING ECONOMIC DEVELOPMENT OPPORTUNITIES TO THE SURROUNDING AREA, PROVIDING INCENTIVES FOR NEW BUSINESSES TO LOCATE IN THE AITKIN AREA, AND CREATING NEW EMPLOYMENT OPPORTUNITIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $329,146

Program Service Revenue $62,612

Investment Income $24,277

Other Revenue $0

TOTAL REVENUE $416,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,489

Fundraising Expenses $0

Program Expenses $140,590

Other Expenses $98,237

TOTAL EXPENSES $261,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$416,035	$-93,337	-5.5%
Expenses	$261,726	$319,033	-0.2%
Net Income	$154,309	$-412,370	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$85,032

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT MURPHY	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GARY TIBBITTS	BOARD VICE C	2.00	Officer Director	$0	$0	$0
MARY POETZ	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
TIM WOODROW	DIRECTOR	2.00	Director	$0	$0	$0
MARK BALOUN	DIRECTOR	2.00	Director	$0	$0	$0
STAN GUSTAFSON	EXECUTIVE DI	35.00	Officer	$85,032	$0	$85,032

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	$416,035	$261,726	$1,649,084	$154,309
2023	$-93,337	$319,033	$1,332,320	$-412,370
2022	$286,387	$319,393	$1,754,960	$-33,006
2021	$120,445	$193,045	$1,762,985	$-72,600
2020	$99,830	$299,377	$1,822,666	$-199,547
2019	$245,287	$402,595	$2,220,447	$-157,308
2018	$162,242	$1,505,866	$2,870,842	$-1,343,624

AITKIN COUNTY GROWTH INC