CASS COUNTY ECONOMIC DEVELOPMENT CORPORATION

EIN: 411873815 501(c)(3) Community Improvement

WALKER, MN

Total Revenue
$727,943
Total Expenses
$275,121
Total Assets
$2,503,459
Net Assets
$2,133,374
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MN
Principal Officer
KIRSTEN EGGENA
Phone
2185477262
Tax Period
2024-10-01 to 2025-09-30

CASS COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $728K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $453K, a strong 62% operating margin.

Mission

TO WORK COOPERATIVELY WITH CASS COUNTY GOVERNMENT, BUSINESSES AND COMMUNITY RESOURCES TO IMPROVE THE ECONOMY BY CREATING NEW JOB OPPORTUNITIES, RETAINING CURRENT EMPLOYMENT OPPORTUNITIES, AND INCREASING CAPITAL INVESTMENT IN CASS COUNTY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $607,140
Program Service Revenue $115,481
Investment Income $7,089
Other Revenue $-1,767
TOTAL REVENUE $727,943

Expense Breakdown

Grants Paid $0
Salaries & Benefits $141,076
Fundraising Expenses $27,349
Program Expenses $156,982
Other Expenses $134,045
TOTAL EXPENSES $275,121

Year-over-Year Comparison

2024 2023 Change
Revenue $727,943 $1,027,340 -0.3%
Expenses $275,121 $227,776 +0.2%
Net Income $452,822 $799,564 -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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
11

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
5
$138,692
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRSTEN EGGENA PRESIDENT 1.00
Officer Director
$0 $0 $0
LAURA HANSEN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
RANDALL MORRISON TREASURER 1.00
Officer Director
$0 $0 $0
GEOFF GORVIN SECRETARY 1.00
Officer Director
$0 $0 $0
CHARLES BLACK LANCE DIRECTOR 1.00
Director
$0 $0 $0
MICAH EVELAND DIRECTOR 1.00
Director
$0 $0 $0
JON EISELE DIRECTOR 1.00
Director
$0 $0 $0
DREY LOGE DIRECTOR 1.00
Director
$0 $0 $0
JOBY GOERGES DIRECTOR 1.00
Director
$0 $0 $0
SUE TOTH DIRECTOR 1.00
Director
$0 $0 $0
SANDY ZUTZ-WICZEK DIRECTOR 1.00
Director
$0 $0 $0
MIKE PAULUS EXECUTIVE DI 40.00
Officer
$123,923 $14,769 $138,692
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 $727,943 $275,121 $2,503,459 $452,822
2024 $1,027,340 $227,776 $1,753,497 $799,564
2023 $203,385 $224,363 $1,001,440 $-20,978
2022 $413,360 $214,932 $1,105,102 $198,428
2021 $224,456 $197,755 $995,225 $26,701
2020 $300,045 $225,323 $1,055,918 $74,722
2019 $281,023 $186,233 $667,742 $94,790
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