CHEROKEE AREA ECONOMIC DEVELOPMENT (EIN 421336335) - 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

Principal Officer

CURT JOHNSON

Phone

7122255739

Tax Period

2024-07-01 to 2025-06-30

CHEROKEE AREA ECONOMIC DEVELOPMENT is a small nonprofit that reported $298K in total revenue in fiscal year 2024. Expenses of $257K left a modest 14% surplus.

Mission

ECONOMIC DEVELOPMENT OF THE CHEROKEE AREA

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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 $272,658

Program Service Revenue $0

Investment Income $19,917

Other Revenue $5,530

TOTAL REVENUE $298,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,698

Fundraising Expenses $0

Program Expenses $257,093

Other Expenses $93,395

TOTAL EXPENSES $257,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,105	$309,867	0.0%
Expenses	$257,093	$259,226	0.0%
Net Income	$41,012	$50,641	-0.2%

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
CURT JOHNSON	PRESIDENT	N/A	Director	$0	$0	$0
BRENDA PERRIN	VICE PRESIDE	N/A	Director	$0	$0	$0
MATT PRIEBE	TREASURER	N/A	Director	$0	$0	$0
GARY JORDAN	SECRETARY	N/A	Director	$0	$0	$0
BRIAN FREED	BOARD MEMBER	N/A	Director	$0	$0	$0
LES TODD	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK PIERCE	BOARD MEMBER	N/A	Director	$0	$0	$0
DIANE YOUNG	BOARD MEMBER	N/A	Director	$0	$0	$0
WILLIE ALLBAUGH	BOARD MEMBER	N/A	Director	$0	$0	$0
JOE SCHLENGER	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVE WILBERDING	BOARD MEMBER	N/A	Director	$0	$0	$0
JENNIFER CONNER	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN NITZ	BOARD MEMBER	N/A	Director	$0	$0	$0
KENNY SCHLENGER	BOARD MEMBER	N/A	Director	$0	$0	$0
BRYAN PETERSON	BOARD MEMBER	N/A	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
2025	$298,105	$257,093	$865,278	$41,012
2024	$309,867	$259,226	$842,966	$50,641
2023	$284,440	$195,498	$801,679	$88,942
2022	$256,561	$224,073	$745,721	$32,488
2021	$328,688	$224,884	$761,110	$103,804
2020	$237,446	$241,189	$697,454	$-3,743
2019	$237,996	$221,380	$704,640	$16,616

CHEROKEE AREA ECONOMIC DEVELOPMENT