MARION ECONOMIC DEVELOPMENT COMPANY (EIN 421318828) - 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

1985

Legal Domicile

Principal Officer

MARK SECKMAN

Phone

3197434724

Tax Period

2024-01-01 to 2024-12-31

MARION ECONOMIC DEVELOPMENT COMPANY, founded in 1985, is a small nonprofit that reported $471K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $555K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO STRENGTHEN AND ENHANCE ECONOMIC DEVELOPMENT IN MARION

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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 $432,608

Program Service Revenue $21,086

Investment Income $7,843

Other Revenue $9,298

TOTAL REVENUE $470,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,848

Fundraising Expenses $0

Program Expenses $377,973

Other Expenses $204,920

TOTAL EXPENSES $554,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$470,835	$496,769	-0.1%
Expenses	$554,768	$496,685	+0.1%
Net Income	$-83,933	$84	-1000.2%

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

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
EMILY KAISER	INCOMING BOARD CHAIR	3.00	Director	$0	$0	$0
KEVIN HUPP	DIRECTOR	2.00	Director	$0	$0	$0
ERIC SCHMITT	BOARD CHAIR	3.00	Director	$0	$0	$0
BRIAN GIBBS	DIRECTOR	2.00	Director	$0	$0	$0
JANELLE BROUWER	DIRECTOR	2.00	Director	$0	$0	$0
MARY RATHJE	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN ROSTECK	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE CAVANAH	DIRECTOR	2.00	Director	$0	$0	$0
ISAIAH BOREL	DIRECTOR	2.00	Director	$0	$0	$0
TOM BROWN	DIRECTOR	2.00	Director	$0	$0	$0
NICK ABOUASSALY	DIRECTOR	2.00	Director	$0	$0	$0
JILL ACKERMAN	DIRECTOR	2.00	Director	$0	$0	$0
AMY KORTMEYER	DIRECTOR	2.00	Director	$0	$0	$0
GREG SMITH	DIRECTOR	2.00	Director	$0	$0	$0
TYLER MCCARVILLE	DIRECTOR	2.00	Director	$0	$0	$0
CHAD PELLEY	DIRECTOR	2.00	Director	$0	$0	$0
KYLE MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
RYAN WALLER	DIRECTOR	2.00	Director	$0	$0	$0
STEVE NEIGHBOR	OUTGOING BOARD CHAIR	3.00	Officer Director	$0	$0	$0
MARK SECKMAN	PRESIDENT	45.00	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
2024	$470,835	$554,768	$12,384,509	$-83,933
2023	$496,769	$496,685	$12,644,520	$84
2022	$882,633	$708,220	$12,817,378	$174,413
2021	$1,299,817	$970,532	$12,671,429	$329,285
2020	$1,262,428	$785,648	$11,143,495	$476,780
2020	$662,428	$786,472	$11,252,894	$-124,044
2019	$365,747	$357,518	$7,932,835	$8,229
2018	$574,250	$573,742	$8,129,312	$508

MARION ECONOMIC DEVELOPMENT COMPANY