FOREST CITY ECONOMIC DEVELOPMENT INC (EIN 421525819) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

LUANN SCHOLBROCK

Phone

6415855560

Tax Period

2024-07-01 to 2025-06-30

FOREST CITY ECONOMIC DEVELOPMENT INC, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $225K in total revenue in fiscal year 2024. Expenses of $251K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROMOTE ECONOMIC DEVELOPMENT AND ADDITIONAL HOUSING IN THE FOREST CITY COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $194,479

Program Service Revenue $34,436

Investment Income $885

Other Revenue $-5,254

TOTAL REVENUE $224,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,924

Fundraising Expenses $14,738

Program Expenses $176,352

Other Expenses $108,035

TOTAL EXPENSES $250,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,546	$233,730	0.0%
Expenses	$250,959	$237,168	+0.1%
Net Income	$-26,413	$-3,438	+6.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BOB ALSOP	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DAVE ARNDT	BOARD MEMBER	N/A	Director	$0	$0	$0
HOLLY BRINK	BOARD MEMBER	N/A	Director	$0	$0	$0
DENNIS BUSTA	BOARD MEMBER	N/A	Director	$0	$0	$0
CINDY CARTER	SECRETARY	N/A	Officer Director	$0	$0	$0
TERRY DURBY	BOARD MEMBER	N/A	Director	$0	$0	$0
LYNN HAGENSON	BOARD MEMBER	N/A	Director	$0	$0	$0
RON HOLLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
DAISY HUFFMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVE KINGLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIC KINGLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
DARWIN LEHMANN	BOARD MEMBER	N/A	Director	$0	$0	$0
RON LICHTSINN	BOARD MEMBER	N/A	Director	$0	$0	$0
PAT LOVIK	BOARD MEMBER	N/A	Director	$0	$0	$0
CHAD LUNNING	TREASURER	N/A	Officer Director	$0	$0	$0
GARY MCCARTHY	BOARD MEMBER	N/A	Director	$0	$0	$0
TONY MIKES	BOARD MEMBER	N/A	Director	$0	$0	$0
JARED SCHNEBLY	BOARD MEMBER	N/A	Director	$0	$0	$0
LUANN SCHOLBROCK	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVE SIEGRIST	BOARD MEMBER	N/A	Director	$0	$0	$0
RICK SKJEIE	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK THOMA	BOARD MEMBER	N/A	Director	$0	$0	$0
ISAAC TUTTLE	BOARD MEMBER	N/A	Director	$0	$0	$0
COURTNEY WOOGE	BOARD MEMBER	N/A	Director	$0	$0	$0
LAILA WRIGHT	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	$224,546	$250,959	$1,025,699	$-26,413
2024	$233,730	$237,168	$1,051,800	$-3,438
2023	$275,696	$271,057	$1,049,491	$4,639
2022	$304,242	$272,040	$1,048,830	$32,202
2021	$214,896	$224,335	$1,008,211	$-9,439
2020	$429,082	$286,330	$1,018,296	$142,752
2019	$206,280	$205,247	$877,884	$1,033

FOREST CITY ECONOMIC DEVELOPMENT INC