FRANKLIN COUNTY DEVELOPMENT ASSN (EIN 421177043) - 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

1981

Legal Domicile

Principal Officer

PHILLIP HAUSER

Phone

6414202350

Tax Period

2024-07-01 to 2025-06-30

FRANKLIN COUNTY DEVELOPMENT ASSN, founded in 1981, is a small nonprofit that reported $169K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $260K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE ASSOCIATION'S GOAL IS TO ATTRACT BUSINESS AND INDUSTRY TO FRANKLIN, 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $128,843

Program Service Revenue $0

Investment Income $37,279

Other Revenue $2,910

TOTAL REVENUE $169,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,352

Fundraising Expenses $0

Program Expenses $259,785

Other Expenses $147,433

TOTAL EXPENSES $259,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,032	$151,553	+0.1%
Expenses	$259,785	$163,633	+0.6%
Net Income	$-90,753	$-12,080	+6.5%

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

200

Independent Members

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BARKEMA	BOARD MEMBER	1.00	Director	$0	$0	$0
RON DUNT	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM FELDERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY HICKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE KRUGER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON LATHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN SNYDER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS VANNESS	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP HAUSER	PRESIDENT	1.00	Officer	$0	$0	$0
DOUG PETER	VICE PRESIDE	1.00	Officer	$0	$0	$0
DYANNE PRALLE	TREASURER	1.00	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
2025	$169,032	$259,785	$1,079,271	$-90,753
2024	$151,553	$163,633	$1,172,298	$-12,080
2023	$165,437	$144,637	$1,173,696	$20,800
2022	$128,389	$143,514	$1,751,161	$-15,125
2021	$101,067	$89,230	$1,766,760	$11,837

FRANKLIN COUNTY DEVELOPMENT ASSN