TIPTON ECONOMIC DEVELOPMENT CORP (EIN 421278185) - 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

1986

Legal Domicile

Principal Officer

RENEE CROCK

Phone

5638864597

Tax Period

2023-07-01 to 2024-06-30

TIPTON ECONOMIC DEVELOPMENT CORP, founded in 1986, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. The organization ran a surplus of $112K, a strong 98% operating margin.

Mission

THE TIPTON ECONOMIC DEVELOPMENT CORPORATION WAS ESTABLISHED TO WORK IN COOPERATION WITH CITY OF TIPTON OFFICIALS TO MARKET THE CITY OF TIPTON TO BUSINESSES TO LOCATE OR EXPAND AND PROMOTE ECONOMIC GROWTH FOR THE COMMUNITY AS A WHOLE. OUR MISSION IS TO STRENGTHEN TIPTON'S ECONOMY THROUGH INDUSTRIAL RETENTION AND RECRUITMENT, SUPPORT OF BUSINESS EXPANSION AND OPERATIONS, SITE AND BUILDING DEVELOPMENT AND STRATEGIC PARTNERSHIPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $136,133

Other Revenue $-21,312

TOTAL REVENUE $114,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,200

Other Expenses $2,400

TOTAL EXPENSES $2,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,821	$-11,683	-10.8%
Expenses	$2,400	$6,398	-0.6%
Net Income	$112,421	$-18,081	-7.2%

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

N/A

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
KATIE ABEL	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE CARY	DIRECTOR	1.00	Director	$0	$0	$0
STUART CLARK	DIRECTOR	1.00	Director	$0	$0	$0
RENEE CROCK	SECRETARY	1.00	Officer Director	$0	$0	$0
DARLA KILBURG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
LESLEY PUFFER	TREASURER	2.00	Officer Director	$0	$0	$0
DUANE WEBB	DIRECTOR	1.00	Director	$0	$0	$0
NIC WEERS	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
2024	$114,821	$2,400	$862,396	$112,421
2023	$-11,683	$6,398	$1,107,795	$-18,081
2022	$11,909	$7,130	$1,125,876	$4,779
2021	$3,997	$8,335	$1,121,097	$-4,338
2020	$2,954	$9,452	$1,125,435	$-6,498
2019	$3,999	$10,038	$1,131,933	$-6,039

TIPTON ECONOMIC DEVELOPMENT CORP