CARROLL AREA DEVELOPMENT CORP DBA CARROLL COUNTY GROWTH PARTNERSHIP (EIN 421255277) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

Kimberly Tiefenthaler

Phone

7127924383

Tax Period

2023-01-01 to 2023-12-31

CARROLL AREA DEVELOPMENT CORP DBA CARROLL COUNTY GROWTH PARTNERSHIP, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $383K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $359K left a modest 6% surplus.

Mission

PROVIDES ECONOMIC DEVELOPMENT RESOURCES AND EXPERTISE TO BUSINESSES AND COMMUNITIES THROUGHOUT CARROLL COUNTY TO ENHANCE GROWTH, WHILE STRENGTHENING THE COMMUNITIES AND BUILDING A GREATER QUALITY OF PLACE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $379,775

Program Service Revenue $0

Investment Income $3,328

Other Revenue $0

TOTAL REVENUE $383,103

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $110,358

Other Expenses $348,539

TOTAL EXPENSES $358,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$383,103	$288,065	+0.3%
Expenses	$358,539	$299,654	+0.2%
Net Income	$24,564	$-11,589	-3.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JIM AUEN	Past President	1.00	Director	$0	$0	$0
NICK BADDING	Director	0.00	Director	$0	$0	$0
KEN BEHRENS	Director	1.00	Director	$0	$0	$0
MIKE FRANEY	President	1.00	Officer Director	$0	$0	$0
BARRY BRUNER	Director	0.00	Director	$0	$0	$0
TOM FARNER	Director	0.00	Director	$0	$0	$0
CODY FORCH	Director	0.00	Director	$0	$0	$0
TODD KANNE	Director	0.00	Director	$0	$0	$0
JAIR MAYHALL	Director	0.00	Director	$0	$0	$0
BROOKE PETERSON	Director	0.00	Director	$0	$0	$0
Nate Lueth	Chamber Represe	0.00	Director	$0	$0	$0
BRYAN MOORE	Director	0.00	Director	$0	$0	$0
SEAN HALUSKA	Director	0.00	Director	$0	$0	$0
JOHN STEFFES	Director	0.00	Director	$0	$0	$0
JIM GOSSETT	Director	0.00	Director	$0	$0	$0
RICK HUNSAKER	Director	0.00	Director	$0	$0	$0
Dr STEVE KRAUS	Director	0.00	Director	$0	$0	$0
CASEY BERLAU	Director	0.00	Director	$0	$0	$0
GAYLIN RANNINGER	Director	0.00	Director	$0	$0	$0
CRAIG MERTZ	Director	0.00	Director	$0	$0	$0
MYRON DANZER	Director	0.00	Director	$0	$0	$0
DOUG BURNS	Director	0.00	Director	$0	$0	$0
HOWIE DREES	Vice President	1.00	Director	$0	$0	$0
KATIE MASON	Director	0.00	Director	$0	$0	$0
JIM FRIEL	Director	0.00	Director	$0	$0	$0
JOEL LUNDSTROM	Director	0.00	Director	$0	$0	$0
TIM GUTE	Director	0.00	Director	$0	$0	$0
DEAN ONKEN	Director	0.00	Director	$0	$0	$0
LAVERN DIRKX	CITY OF CARROLL	0.00	Director	$0	$0	$0
DAWN MEYER	RURAL REPRESENT	0.00	Director	$0	$0	$0
JEFF ROILAND	Director	0.00	Director	$0	$0	$0
ED SMITH	Director	0.00	Director	$0	$0	$0
KIM TIEFENHALER	Secretary/Treas	1.00	Officer Director	$0	$0	$0
ALLEN ANDERSON	Director	0.00	Director	$0	$0	$0
AARON KOOIKER	CITY OF CARROLL	0.00	Director	$0	$0	$0
ADAM SCHWEERS	EXEC PRES APPOI	0.00	Officer Director	$0	$0	$0
AUSTIN SCOTT	Director	0.00	Director	$0	$0	$0
JOHN FELD	Director	0.00	Director	$0	$0	$0
MARK BEARDMORE	MAYOR	0.00	Director	$0	$0	$0
GENE MEINERS	CARROLL CO SUPE	0.00	Director	$0	$0	$0
SCOTT JOHNSON	CARROLL CO SUPE	0.00	Director	$0	$0	$0
AARON JUERGENS	Director	0.00	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
2024	No data	No data	No data	No data
2023	$383,103	$358,539	$256,333	$24,564
2022	$288,065	$299,654	$207,054	$-11,589
2021	$240,794	$235,111	$265,378	$5,683
2020	$284,289	$226,541	$222,874	$57,748
2019	$228,736	$218,878	$149,449	$9,858
2018	$227,458	$227,197	$136,375	$261

CARROLL AREA DEVELOPMENT CORP DBA CARROLL COUNTY GROWTH PARTNERSHIP