REMSEN ECONOMIC DEVELOPMENT CORP (EIN 421121152) - 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

Michael Nelson

Phone

7127861153

Tax Period

2025-01-01 to 2025-12-31

REMSEN ECONOMIC DEVELOPMENT CORP, founded in 1978, is a micro nonprofit that reported $22K in total revenue in fiscal year 2025. Revenue fell 55% from the prior year — a significant decline worth monitoring.

Mission

Promote local community development and provide for the establishment, along with other community activities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $22,300

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2025	2024	Change
Revenue	$22,300	$49,688	-0.6%
Expenses	N/A	$1,343	-1.0%
Net Income	N/A	$48,345	N/A

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
Michael Nelson	President	1.00	Officer Director	$0	$0	$0
Dave Sonnichsen	Vice President	1.00	Officer Director	$0	$0	$0
Ashley Schuttpelz	Secretary	1.00	Officer Director	$0	$0	$0
Jeremy Bunkers	Treasurer	2.00	Officer Director	$0	$0	$0
Dave Fisch	Director	1.00	Director	$0	$0	$0
Ryan Feeck	Director	1.00	Director	$0	$0	$0
Dee Bohnenkamp	Director	1.00	Director	$0	$0	$0
Ann Muller	Director	1.00	Director	$0	$0	$0
Ben Klein	Director	1.00	Director	$0	$0	$0
Kim Kuchel	Direcotr	1.00	Director	$0	$0	$0
Dale Schroeder	Director	1.00	Director	$0	$0	$0
Cade Owns	Director	1.00	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
2025	$22,300	No data	$543,186	No data
2024	No data	No data	No data	No data
2022	$209,703	$390,421	$351,424	$-180,718
2021	$339,881	$1,632	$532,142	$338,249

REMSEN ECONOMIC DEVELOPMENT CORP