WARREN COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 421393420) - 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

1992

Legal Domicile

Principal Officer

DOUGLAS SHULL

Phone

5159611067

Tax Period

2023-07-01 to 2024-06-30

WARREN COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit that reported $239K in total revenue in fiscal year 2023. Net assets of $578K represent 29 months of operating reserves.

Mission

TO CREATE AND RETAIN JOBS WHILE ENHANCING THE QUALITY OF LIFE IN WARREN COUNTY, ACCOMPLISHED FOREMOST BY STRENGTHENING AND SUPPORTING THE BUSINESS CLIMATE 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 $236,095

Program Service Revenue $0

Investment Income $3,374

Other Revenue $0

TOTAL REVENUE $239,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,904

Fundraising Expenses $0

Other Expenses $74,988

TOTAL EXPENSES $250,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,469	$239,765	0.0%
Expenses	$250,892	$229,365	+0.1%
Net Income	$-11,423	$10,400	-2.1%

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
KYLE WALKER	Director	1.00	Director	$0	$0	$0
JACK BOHLENDER	Director	1.00	Director	$0	$0	$0
DEVEN MARKLEY	Director	1.00	Director	$0	$0	$0
CONNIE BOESEN	Director	1.00	Director	$0	$0	$0
JAY BYERS	Director	1.00	Director	$0	$0	$0
BRAD MUNFORD	Director	1.00	Director	$0	$0	$0
MARK SNELL	Director	1.00	Director	$0	$0	$0
DIANE HALL	Secretary	1.00	Officer Director	$0	$0	$0
BRENT HIGHFILL	Director	1.00	Director	$0	$0	$0
BEN REEVES	Director	1.00	Director	$0	$0	$0
DENIS FRISCHMEYER	Treasurer	2.00	Officer Director	$0	$0	$0
DOUGLAS SHULL	President	3.00	Officer Director	$0	$0	$0
TOM PHILLIPS	Director	1.00	Director	$0	$0	$0
SCOTT JAMES	Director	1.00	Director	$0	$0	$0
CLINT WELLING	Vice President	2.00	Officer Director	$0	$0	$0
BRAD RUDOLF	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	$239,469	$250,892	$582,172	$-11,423
2023	$239,765	$229,365	$593,101	$10,400
2022	$238,387	$235,354	$583,192	$3,033
2021	$242,530	$173,914	$580,121	$68,616
2020	$305,188	$236,478	$510,987	$68,710
2019	$221,852	$214,799	$442,023	$7,053
2018	$281,160	$204,194	$435,133	$76,966

WARREN COUNTY ECONOMIC DEVELOPMENT CORPORATION