AMPLIO ECONOMIC DEVELOPMENT CORPORATION (EIN 411577185) - 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

1981

Legal Domicile

Principal Officer

JONATHAN SAGE-MARTINSON

Phone

6516314900

Tax Period

2024-01-01 to 2024-12-31

AMPLIO ECONOMIC DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 14% surplus.

Mission

THIS CORPORATION ELECTS TO BE GOVERNED UNDER THE PROVISIONS OF MINNESOTA STATUTES CHAPTER 317A. AMPLIO ECONOMIC DEVELOPMENT CORPORATION FURTHERS THE ECONOMIC DEVELOPMENT OF THE STATE OF MINNESOTA AND THE ADJOINING ECONOMIC DEVELOPMENT AREA BY ASSISTING THE GROWTH OF SMALL BUSINESSES AND THERBY CONTRIBUTING TO THE ECONOMIC WELL-BEING OF THE AREA. THE CORPORATION IS CERTIFIED AS A CERTIFIED DEVELOPMENT COMPANY BY THE U.S. SMALL BUSINESS ADMINISTRATION.

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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 $0

Program Service Revenue $1,876,697

Investment Income $68,488

Other Revenue $0

TOTAL REVENUE $1,945,185

Expense Breakdown

Grants Paid $700

Salaries & Benefits $122,764

Fundraising Expenses $0

Program Expenses $1,401,972

Other Expenses $1,540,952

TOTAL EXPENSES $1,664,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,945,185	$1,921,360	+0.0%
Expenses	$1,664,416	$1,717,946	0.0%
Net Income	$280,769	$203,414	+0.4%

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

$488,762

Total Directors

$272,227

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN SAGE-MARTINSON	ASSISTANT SECRETARY/ CEO	44.00	Officer Director	$237,208	$35,019	$272,227
JAMES TERRELL	CHAIR/ DIRECTOR	1.00	Officer Director	$0	$0	$0
KIM STOREY	SECRETARY/ TREASURER	1.00	Officer Director	$0	$0	$0
JOE BAUER	DIRECTOR	1.00	Director	$0	$0	$0
RAOUL BOOTON	DIRECTOR	1.00	Director	$0	$0	$0
WENDY ETHEN	VICE CHAIR/ CHAIR	1.00	Officer Director	$0	$0	$0
JOHN FRITZ	DIRECTOR	1.00	Director	$0	$0	$0
CHET MASSERANO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GAY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE KIMBLE	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY LOYD	DIRECTOR	1.00	Director	$0	$0	$0
MARY STOICK	DIRECTOR/ VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANDREW SWAMMI	SECRETARY/ TREASURER	1.00	Director	$0	$0	$0
STEVE ERCHUL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CLAUSEN	ASSISTANT TREASURER	44.00	Officer	$180,373	$36,162	$216,535
CHRIS KAYE	LOAN OFFICER	44.00	Highest	$100,771	$39,121	$139,892

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	$1,945,185	$1,664,416	$2,583,861	$280,769
2023	$1,921,360	$1,717,946	$2,373,398	$203,414
2022	$1,724,789	$1,776,964	$2,286,785	$-52,175
2021	$1,673,181	$1,614,276	$2,389,322	$58,905
2020	$1,860,969	$1,530,220	$2,121,086	$330,749
2019	$1,528,491	$1,528,173	$1,554,173	$318
2018	$1,485,942	$1,600,787	$1,480,420	$-114,845

AMPLIO ECONOMIC DEVELOPMENT CORPORATION