ESTHERVILLE AREA GROWTH PARTNERSHIP INC (EIN 426077156) - 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

1959

Legal Domicile

Principal Officer

LEXIE RUTER

Phone

7123627771

Tax Period

2023-01-01 to 2023-12-31

ESTHERVILLE AREA GROWTH PARTNERSHIP INC, founded in 1959, is a micro nonprofit that reported $72K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $83K exceeded revenue, resulting in a 15% operating deficit.

Mission

Our mission is to facilitate economic development activities, to retain and expand the existing business base and encourage new entrepreneurial, industrial and commercial endeavors that benefit Estherville and Emmet County.

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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 $1,768

Program Service Revenue $65,214

Investment Income $5,188

Other Revenue $0

TOTAL REVENUE $72,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $82,644

TOTAL EXPENSES $82,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,170	$65,428	+0.1%
Expenses	$82,644	$82,623	+0.0%
Net Income	$-10,474	$-17,195	-0.4%

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	Role	Reportable Comp	Other Comp	Total
DEB HERZBERG	Director	Director	$0	$0	$0
BRANDON CARLIN	Director	Director	$0	$0	$0
SCOTT STOKES	Director	Director	$0	$0	$0
JOHN JENSEN	Director	Director	$0	$0	$0
TODD GLASNAPP	Director	Director	$0	$0	$0
DAVE SPURGIN	Director	Director	$0	$0	$0
LEXIE RUTER	Executive Dir.	Director	$0	$0	$0
JOHN PLUTH	Director	Director	$0	$0	$0
JENNIFER SIEVERT	Director	Director	$0	$0	$0
DAVE SEYLAR	Director	Director	$0	$0	$0
PENNY CLAYTON	DIRECTOR	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	No data	No data	No data	No data
2023	$72,170	$82,644	$2,306,644	$-10,474
2022	$65,428	$82,623	$2,308,971	$-17,195
2021	$107,380	$70,246	$2,322,384	$37,134
2020	$365,508	$113,020	$2,269,928	$252,488
2019	$127,789	$72,531	$2,205,083	$55,258
2018	$471,391	$90,173	$2,082,761	$381,218

ESTHERVILLE AREA GROWTH PARTNERSHIP INC