APPANOOSE ECONOMIC DEVELOPMENT CORP (EIN 421285797) - 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

ROD GLOSSER

Phone

6414374500

Tax Period

2020-01-01 to 2020-12-31

APPANOOSE ECONOMIC DEVELOPMENT CORP, founded in 1986, is a micro nonprofit that reported $90K in total revenue in fiscal year 2020. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $589K exceeded revenue, resulting in a 553% operating deficit.

Mission

TO ASSIST IN QUALITY JOB CREATION THAT WILL SERVE TO INCREASE BOTH THE ECONOMIC VITALITY OF THE AREA AND THE QUALITY OF LIFE ENJOYED BY THE RESIDENCE OF THE 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 (2020)

Revenue Breakdown

Contributions & Grants $65,387

Program Service Revenue $0

Investment Income $24,759

Other Revenue $0

TOTAL REVENUE $90,146

Expense Breakdown

Grants Paid $567,893

Salaries & Benefits $42

Fundraising Expenses $0

Other Expenses $20,659

TOTAL EXPENSES $588,594

Year-over-Year Comparison

	2020	2019	Change
Revenue	$90,146	$118,472	-0.2%
Expenses	$588,594	$84,626	+6.0%
Net Income	$-498,448	$33,846	-15.7%

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
ED COX	DIRECTOR	0.50	Director	$0	$0	$0
JAY DILLARD	SECRETARY	1.00	Officer Director	$0	$0	$0
ROD GLOSSER	PRESIDENT	1.00	Officer Director	$0	$0	$0
NOEL GORDEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRETT MIHALOVICH	TREASURER	1.00	Officer Director	$0	$0	$0
TOM RUBEL	DIRECTOR	0.50	Director	$0	$0	$0
DOC SOKOL	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY WHISLER	DIRECTOR	0.50	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
2020	$90,146	$588,594	No data	$-498,448
2019	$118,472	$84,626	$915,303	$33,846
2018	$148,612	$135,731	$903,097	$12,881

APPANOOSE ECONOMIC DEVELOPMENT CORP