BLACK HAWK ECONOMIC DEVELOPMENT INC (EIN 421114803) - 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

1978

Legal Domicile

Principal Officer

LUCAS LESYSHEN

Phone

3192352960

Tax Period

2024-10-01 to 2025-09-30

BLACK HAWK ECONOMIC DEVELOPMENT INC, founded in 1978, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 48% operating margin.

Mission

PROCESSING AND COLLECTION OF ECONOMIC DEVELOPMENT LOANS.

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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 $0

Program Service Revenue $1,853,975

Investment Income $712,417

Other Revenue $93,262

TOTAL REVENUE $2,659,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,073,226

Fundraising Expenses $0

Program Expenses $1,103,350

Other Expenses $316,910

TOTAL EXPENSES $1,390,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,659,654	$2,228,187	+0.2%
Expenses	$1,390,136	$1,178,322	+0.2%
Net Income	$1,269,518	$1,049,865	+0.2%

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

$385,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESYSHAN LUCAS	PRESIDENT	7.00	Officer Director	$0	$0	$0
DLOUHY NATALIE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
QUIRK BRIAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CLAYBERG NATE	DIRECTOR	2.00	Director	$0	$0	$0
COULTER ERIC	DIRECTOR	2.00	Director	$0	$0	$0
HEATH LEXIE	DIRECTOR	2.00	Director	$0	$0	$0
JAHNKE CAROL	DIRECTOR	2.00	Director	$0	$0	$0
BEARBOWER ERIC	DIRECTOR	2.00	Director	$0	$0	$0
THOMPSON TONY	DIRECTOR	2.00	Director	$0	$0	$0
YOUNG RESHONDA	DIRECTOR	2.00	Director	$0	$0	$0
KOENEN STEPHANIE	EXECUTIVE DIRECTOR	40.00	Officer	$109,841	$7,873	$117,714
BRUSTKERN STEVE	PAST EXECUTIVE DIRECTOR	40.00	Officer	$251,599	$16,184	$267,783

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	$2,659,654	$1,390,136	$20,865,734	$1,269,518
2024	$2,228,187	$1,178,322	$19,642,559	$1,049,865
2023	$3,671,236	$943,431	$18,776,069	$2,727,805
2022	$4,463,210	$1,145,873	$15,953,827	$3,317,337
2021	$2,585,804	$973,850	$12,653,962	$1,611,954

BLACK HAWK ECONOMIC DEVELOPMENT INC