BOONE COUNTY ECONOMIC GROWTH CORP

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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

1989

Legal Domicile

Principal Officer

ASHLEY REDEKER

Phone

5155095104

Tax Period

2023-01-01 to 2023-12-31

BOONE COUNTY ECONOMIC GROWTH CORP, founded in 1989, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 26% operating margin.

Mission

TO ORGANIZE AND IMPLEMENT A PRO-ACTIVE AND ONGOING PLAN FOR ECONOMIC DEVELOPMENT WITH NEW AND EXISTING BUSINESS IN BOONE COUNTY AND ITS SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $53,288

THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS THE STIMULATION OF ECONOMIC AND SOCIAL DEVELOPMENT IN BOONE COUNTY, THE SURROUNDING AREA BY:1. PROVIDING THE MEANS FOR OBTAINING BENEFITS...

THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS THE STIMULATION OF ECONOMIC AND SOCIAL DEVELOPMENT IN BOONE COUNTY, THE SURROUNDING AREA BY:1. PROVIDING THE MEANS FOR OBTAINING BENEFITS AVAILABLE UNDER VARIOUS FEDERAL AND STATE PROGRAMS FOR THE BENEFIT OF CITIZENS OF THE BOONE COUNTY AREA.2. UNDERTAKING PROGRAMS AND ACTIVITIES WHICH WOULD LEAD TO IMPROVEMENT OF ECONOMIC AND SOCIAL CONDITIONS FOR THE RESIDENTS OF THE BOONE COUNTY AREA INCLUDING, BUT NOT LIMITED TO, THE DEVELOPMENT OF INDUSTRY AND THE PROMOTION OF BUSINESS IN THE 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 (2023)

Revenue Breakdown

Contributions & Grants $175,300

Program Service Revenue $0

Investment Income $30,087

Other Revenue $3,025

TOTAL REVENUE $208,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,288

Other Expenses $153,421

TOTAL EXPENSES $153,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,412	$119,524	+0.7%
Expenses	$153,421	$157,596	0.0%
Net Income	$54,991	$-38,072	-2.4%

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
MASON ADAMS	Director	1.00	Director	$0	$0	$0
BILL ZINNEL	Director	1.00	Director	$0	$0	$0
ANDY HUNZIKER	Vice President	2.00	Officer Director	$0	$0	$0
MIKAELA KIENITZ	Director	1.00	Director	$0	$0	$0
CODY BOWERS	Director	1.00	Director	$0	$0	$0
GABE BOWERS	Director	1.00	Director	$0	$0	$0
NATE NEREM	DIRECTOR	1.00	Director	$0	$0	$0
AMY LANDUS	Treasurer	2.00	Officer Director	$0	$0	$0
TERRY MOORMAN	Director	1.00	Director	$0	$0	$0
MICHAEL TUNGESVIK	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY REDEKER	President	2.00	Officer Director	$0	$0	$0
BILL SKARE	Director	1.00	Director	$0	$0	$0
LANE SHAVER	Director	1.00	Director	$0	$0	$0
MARGARET LISTON	Director	1.00	Director	$0	$0	$0
BRENDA DRYER	Executive Dir.	2.00	Officer Director	$0	$0	$0
NATE COTTINGTON	Director	1.00	Director	$0	$0	$0
BRIAN REIMERS	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$208,412	$153,421	$817,817	$54,991
2023	$176,562	$153,421	$817,817	$23,141
2022	$119,524	$157,596	$762,826	$-38,072
2021	$126,070	$182,448	$800,898	$-56,378
2020	$112,588	$136,383	$857,276	$-23,795
2019	$91,030	$116,719	$880,071	$-25,689