LAWRENCEVILLE-VINCENNES AIRPORT DEVELOPMENT FOUNDATION INC (EIN 412118464) - 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

JOHN SUPINIE

Phone

6189435733

Tax Period

2024-01-01 to 2024-12-31

LAWRENCEVILLE-VINCENNES AIRPORT DEVELOPMENT FOUNDATION INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $102K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 100% operating margin.

Mission

ORGANIZATION'S MISSION IS TO ENHANCE, IMPROVE, BENEFIT, AND DEVELOPE THE BI-STATE AUTHORITY, LAWRENCEVILLE-VINCENNES MUNICIPAL AIRPORT, MID AMERICA AIR CENTER, THEREBY ENCOURAGING INDUSTRIAL DEVELOPMENT, COMMERCIAL, BUSINESS, RETAIL AND OTHER SUPPORTING SERVICES WHICH WILL PROVIDE JOB OPPORTUNITIES, BROADEN THE TAX BASE AND IMPROVE THE QUALITY OF LIVING.

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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 $200

Program Service Revenue $0

Investment Income $101,321

Other Revenue $0

TOTAL REVENUE $101,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35

TOTAL EXPENSES $35

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,521	$55,453	+0.8%
Expenses	$35	$35	N/A
Net Income	$101,486	$55,418	+0.8%

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
RICHARD GARDNER	MEMBER	N/A	Director	$0	$0	$0
GARY HALL	MEMBER	N/A	Director	$0	$0	$0
CHRIS PFAFF	MEMBER	N/A	Director	$0	$0	$0
DON WAGNER	MEMBER	N/A	Director	$0	$0	$0
DAVID COURTNEY	TREASURER	N/A	Officer	$0	$0	$0
JOHN SUPINIE	PRESIDENT	N/A	Officer	$0	$0	$0
JOE YOCHUM	SECRETARY	N/A	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
2024	$101,521	$35	$1,603,051	$101,486
2023	$55,453	$35	$1,501,564	$55,418
2022	$44,631	$15	$1,446,146	$44,616
2021	$55,804	$30	$1,401,531	$55,774
2020	$49,803	$125	$1,345,758	$49,678

LAWRENCEVILLE-VINCENNES AIRPORT DEVELOPMENT FOUNDATION INC