ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI (EIN 431146626) - 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

1978

Legal Domicile

Principal Officer

TRACEY LEWIS

Phone

8162210636

Tax Period

2024-05-01 to 2025-04-30

ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI, founded in 1978, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 15% surplus.

Mission

THE MISSION OF THE EDC IS TO DRIVE ECONOMIC DEVELOPMENT AND CREATE AN ENVIRONMENT IN WHICH BUSINESSES AND RESIDENTS CAN PROSPER AND GROW IN KANSAS CITY, MISSOURI.

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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 $6,871,000

Program Service Revenue $405,551

Investment Income $90,911

Other Revenue $191,117

TOTAL REVENUE $7,558,579

Expense Breakdown

Grants Paid $1,716,748

Salaries & Benefits $2,649,982

Fundraising Expenses $0

Program Expenses $3,816,122

Other Expenses $2,083,560

TOTAL EXPENSES $6,450,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,558,579	$5,522,537	+0.4%
Expenses	$6,450,290	$4,775,587	+0.4%
Net Income	$1,108,289	$746,950	+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

$404,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGETTE WILLIAMS	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
MAYOR QUINTON LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL SHANKLAND	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA BOUGH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FIERRO	DIRECTOR	1.00	Director	$0	$0	$0
MAYOR PRO TEM RYANA PARKS-SHAW	DIRECTOR	1.00	Director	$0	$0	$0
SHAUN STALLWORTH	DIRECTOR	1.00	Director	$0	$0	$0
MARIO VASQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY LEWIS	PRESIDENT & CEO	40.00	Officer	$247,500	$52,275	$299,775
LA'SHERRY BANKS	SECRETARY	40.00	Officer	$84,769	$20,185	$104,954
HEATHER BROWN	VP OF ADMINISTRATION	40.00	Highest	$202,186	$52,480	$254,666
DANIEL MOYE	VP OF LAND DEVELOPMENT	40.00	Highest	$164,192	$47,397	$211,589
JIM ERICKSON	DIRECTOR OF STRATEGI INITIATIVE	40.00	Highest	$114,498	$43,213	$157,711
STEVEN ANTHONY	VP OF BUSINESS DEVELOPMENT	40.00	Highest	$164,192	$28,275	$192,467

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	$7,558,579	$6,450,290	$7,963,182	$1,108,289
2024	$5,522,537	$4,775,587	$7,316,054	$746,950
2023	$6,752,938	$6,477,695	$7,165,860	$275,243
2022	$3,918,676	$4,560,841	$4,885,634	$-642,165
2021	$7,359,513	$7,497,476	$2,904,181	$-137,963
2020	$5,038,622	$4,576,607	$3,811,664	$462,015
2019	$4,688,304	$4,753,225	$2,760,891	$-64,921
2018	$5,353,066	$5,505,517	$2,460,696	$-152,451

ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI