KOSS CTY ECONOMIC DEVELOPMENT 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

1997

Legal Domicile

Principal Officer

AARON MCCARTAN

Phone

5152957979

Tax Period

2024-07-01 to 2025-06-30

KOSS CTY ECONOMIC DEVELOPMENT CORP, founded in 1997, is a small nonprofit that reported $276K in total revenue in fiscal year 2024. Expenses of $235K left a modest 15% surplus.

Mission

THE KOSSUTH COUNTY ECONOMIC DEVELOPMENT CORPORATION WILL COORDINATE JOB RETENTION, BUSINESS DEVELOPMENT, HOUSING, TOURISM, VALUE-ADDED INITIATIVES AND PROVIDE LEADERSHIP TO HELP IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF KOSSUTH COUNTY.

Program Service Accomplishments

Program 1

Expenses: $143,469

CONTINUE TO PROVIDE ASSISTANCE TO KOSSUTH COUNTY BUSINESSES AND COMMUNITIES TO DEVELOP NEW BUSINESS AND RETAIN CURRENT BUSINESSES AND INDUSTRIES.

Program 2

Expenses: $3,000

CONTINUE TO PROVIDE LOANS TO BUSINESSES THROUGH THE KOSSUTH COUNTY REVOLVING LOAN FUND. THIS FUND PROVIDES A SOURCE OF FINANCING, WHICH MAY NOT OTHERWISE BE AVAILABLE WITHIN THE COUNTY FOR LOCAL...

CONTINUE TO PROVIDE LOANS TO BUSINESSES THROUGH THE KOSSUTH COUNTY REVOLVING LOAN FUND. THIS FUND PROVIDES A SOURCE OF FINANCING, WHICH MAY NOT OTHERWISE BE AVAILABLE WITHIN THE COUNTY FOR LOCAL EXPANDING OR START- UP BUSINESSES.

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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 $265,519

Program Service Revenue $0

Investment Income $10,475

Other Revenue $0

TOTAL REVENUE $275,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,354

Fundraising Expenses $0

Program Expenses $146,469

Other Expenses $62,663

TOTAL EXPENSES $235,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$275,994	$281,537	0.0%
Expenses	$235,017	$255,055	-0.1%
Net Income	$40,977	$26,482	+0.5%

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

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
ERIC BAKER	DIRECTOR	0.25	Director	$0	$0	$0
PAT BERTE	DIRECTOR	0.25	Director	$0	$0	$0
CRAIG FLOREA	DIRECTOR	0.25	Director	$0	$0	$0
AMBER GARMAN	DIRECTOR	0.25	Director	$0	$0	$0
HOWARD HAAS	DIRECTOR	0.25	Director	$0	$0	$0
AARON MCCARTAN	EX-OFFICIO/P	0.25	Officer Director	$0	$0	$0
MATHEW NEISEN	TREASURER	0.25	Officer Director	$0	$0	$0
CRYSTI NEUMAN	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
SEAN NOONAN	PAST PRESIDE	0.25	Officer Director	$0	$0	$0
DEBRA STEVEN	DIRECTOR	0.25	Director	$0	$0	$0
MARK TACHENY	DIRECTOR	0.25	Director	$0	$0	$0
JEFF THEISEN	DIRECTOR	0.25	Director	$0	$0	$0
JACOB TJADEN	DIRECTOR	0.25	Director	$0	$0	$0
ALISON VANOTTERLOO	DIRECTOR	0.25	Director	$0	$0	$0
KARLA WALKER	DIRECTOR	0.25	Director	$0	$0	$0
JASON WARTICK	SECRETARY	0.25	Officer Director	$0	$0	$0
BROOKE WINKELHORST	DIRECTOR	0.25	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	$275,994	$235,017	$604,808	$40,977
2024	$281,537	$255,055	$565,947	$26,482
2023	$296,412	$270,715	$539,849	$25,697
2022	$323,619	$331,904	$511,367	$-8,285
2021	$295,213	$245,578	$546,781	$49,635
2020	$243,008	$281,100	$497,673	$-38,092
2019	$267,537	$281,095	$536,022	$-13,558