AMPLIO ECONOMIC DEVELOPMENT CORPOR… - Form 990 Financial Data

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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

BRIAN MCDONALD

Phone

6516314900

Tax Period

2025-01-01 to 2025-12-31

AMPLIO ECONOMIC DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE INNOVATIVE FINANCING RESOURCES THAT FOSTER BUSINESS GROWTH.

Program Service Accomplishments

Program 1

Expenses: $1,357,491 Revenue: $1,706,832

THE 504 PROGRAM INCLUDES 503/504 LOANS FOR THE PURPOSE OF FURTHERING THE ECONOMIC DEVELOPMENT FOR THE STATE OF MINNESOTA. APPROXIMATELY 26 LOANS WERE CLOSED IN 2025.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,641,480

Investment Income $65,352

Other Revenue $0

TOTAL REVENUE $1,706,832

Expense Breakdown

Grants Paid $200

Salaries & Benefits $52,802

Fundraising Expenses $0

Program Expenses $1,357,491

Other Expenses $1,613,757

TOTAL EXPENSES $1,666,759

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,706,832	$1,945,185	-0.1%
Expenses	$1,666,759	$1,664,416	+0.0%
Net Income	$40,073	$280,769	-0.9%

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

$410,692

Total Directors

$148,211

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	$131,749	$16,462	$148,211
JAMES TERRELL	CHAIR/ DIRECTOR	1.00	Officer Director	$0	$0	$0
KIM STOREY	DIRECTOR	1.00	Officer Director	$0	$0	$0
JOE BAUER	DIRECTOR	1.00	Director	$0	$0	$0
RAOUL BOOTON	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
WENDY ETHEN	BOARD 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
ERIN HAMMER	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CLAUSEN	ASSISTANT TREASURER/CEO	44.00	Officer	$221,947	$40,534	$262,481
CHRIS KAYE	LOAN OFFICER	44.00	Highest	$102,879	$42,254	$145,133

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
2025	$1,706,832	$1,666,759	$2,583,694	$40,073
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