FERGUS FALLS AREA ECONOMIC IMPROVEMENT COMMISSION INC (EIN 411756012) - 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

2003

Legal Domicile

Principal Officer

AMY BALDWIN

Phone

2183325408

Tax Period

2018-01-01 to 2018-12-31

FERGUS FALLS AREA ECONOMIC IMPROVEMENT COMMISSION INC, founded in 2003, is a micro nonprofit that reported $45K in total revenue in fiscal year 2018. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $154K exceeded revenue, resulting in a 240% operating deficit.

Mission

FURTHER THE ECONOMIC DEVELOPMENT IN FERGUS FALLS, MINNESOTA BY AIDING AND PROMOTING THE ATTRACTION AND EXPANSION OF LOCAL BUSINESSES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $37,500

Program Service Revenue $0

Investment Income $7,882

Other Revenue $0

TOTAL REVENUE $45,382

Expense Breakdown

Grants Paid $1,805

Salaries & Benefits $0

Fundraising Expenses $3,503

Program Expenses $141,283

Other Expenses $152,389

TOTAL EXPENSES $154,194

Year-over-Year Comparison

	2018	2017	Change
Revenue	$45,382	$73,279	-0.4%
Expenses	$154,194	$67,633	+1.3%
Net Income	$-108,812	$5,646	-20.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW BREMSETH	EX-OFFICIO	2.00	Director	$0	$0	$0
KARLA CONNELLY	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY HICKS	COUNCIL REP	2.00	Officer Director	$0	$0	$0
RON SPANGLER JR	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN KING	DIRECTOR	2.00	Director	$0	$0	$0
THAD OLSEN	CHAIR	2.00	Officer Director	$0	$0	$0
KYLE RICHARDS	DIRECTOR	2.00	Director	$0	$0	$0
MARY WALTH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANDREW YAGGIE	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
AMY BALDWIN	EXECUTIVE DI	40.00	Officer	$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
2018	$45,382	$154,194	$446,202	$-108,812

FERGUS FALLS AREA ECONOMIC IMPROVEMENT COMMISSION INC