ALEXANDRIA AREA ECONOMIC DEVELOPMENT COMMISSION (EIN 411670874) - 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

2004

Legal Domicile

Principal Officer

NICOLE FERNHOLZ

Phone

3207634545

Tax Period

2023-01-01 to 2023-12-31

ALEXANDRIA AREA ECONOMIC DEVELOPMENT COMMISSION, founded in 2004, is a small nonprofit that reported $361K in total revenue in fiscal year 2023. Expenses of $430K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE ALEXANDRIA AREA ECONOMIC DEVELOPMENT COMMISSION IS ORGANIZED TO ASSIST MANUFACTURING AND OTHER BUSINESSES TO LOCATE OR EXPAND IN THE ALEXANDRIA MINNESOTA AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $332,538

Investment Income $23,020

Other Revenue $5,169

TOTAL REVENUE $360,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,183

Fundraising Expenses $0

Program Expenses $234,473

Other Expenses $195,485

TOTAL EXPENSES $429,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$360,727	$338,799	+0.1%
Expenses	$429,668	$412,515	+0.0%
Net Income	$-68,941	$-73,716	-0.1%

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

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

$130,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE FERNHOLZ	EXECUTIVE DI	40.00	Officer	$130,000	$0	$130,000
MATTHEW FISCHER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
VICKI JODSAAS	DIRECTOR	N/A	Director	$0	$0	$0
NICOLE KLIMEK	PRESIDENT	N/A	Officer Director	$0	$0	$0
JEFF PATIENCE	DIRECTOR	N/A	Director	$0	$0	$0
TODD POWERS	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD REIF	TREASURER/SE	N/A	Officer Director	$0	$0	$0
RYAN ROONEY	DIRECTOR	N/A	Director	$0	$0	$0
RICK SANSTED	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$360,727	$429,668	$921,505	$-68,941
2022	$338,799	$412,515	$985,826	$-73,716
2021	$327,097	$343,329	$1,049,646	$-16,232
2020	$320,344	$303,106	$1,050,476	$17,238
2019	$341,394	$305,751	$1,045,668	$35,643
2018	$344,462	$293,178	$1,000,313	$51,284

ALEXANDRIA AREA ECONOMIC DEVELOPMENT COMMISSION