Independence Council for Economic Development (EIN 431304196) - 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

1982

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

Independence Council for Economic Development, founded in 1982, is a small nonprofit that reported $131K in total revenue in fiscal year 2022. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $236K exceeded revenue, resulting in a 80% operating deficit.

Mission

STIMULATE ECONOMIC GROWTH WITHIN THE CITY OF INDEPENDENCE MO

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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 (2022)

Revenue Breakdown

Contributions & Grants $-28,685

Program Service Revenue $159,152

Investment Income $25

Other Revenue $297

TOTAL REVENUE $130,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,465

Fundraising Expenses $0

Program Expenses $73,819

Other Expenses $114,244

TOTAL EXPENSES $235,709

Year-over-Year Comparison

	2022	2021	Change
Revenue	$130,789	$590,221	-0.8%
Expenses	$235,709	$387,372	-0.4%
Net Income	$-104,920	$202,849	-1.5%

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

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

$37,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danielle Dupree	Executive Dir Ennovation Cen	50.00	Key Emp	$37,500	$0	$37,500
Bob Glaser	Director	1.00	Director	$0	$0	$0
Dan Astleford	Director	1.00	Director	$0	$0	$0
Mary McNamara	Director	1.00	Director	$0	$0	$0
Ron Finke	Director	1.00	Director	$0	$0	$0
Steve Graffeo	Director	1.00	Director	$0	$0	$0
Zach Walker	Director	1.00	Director	$0	$0	$0
Jason Snodgrass	Director	1.00	Director	$0	$0	$0
John Perkins	Director	1.00	Director	$0	$0	$0
Christina Leakey	Director - At Large	1.00	Director	$0	$0	$0
Kirk Sampson	Director	1.00	Director	$0	$0	$0
Brad Speaks	Director - At Large	1.00	Director	$0	$0	$0
Denise Fears	Director	1.00	Director	$0	$0	$0
Stan Adkins	Director - At Large	1.00	Director	$0	$0	$0
Dale Herl	Director	1.00	Director	$0	$0	$0
Steve Mauer	Chair - At Large	1.00	Officer Director	$0	$0	$0
Sonci Bleckinger	Secretary	1.00	Officer Director	$0	$0	$0
Daniel ONeill	Treasurer	1.00	Officer Director	$0	$0	$0
Tom Waters	Former Past Chair - At Large	1.00		$0	$0	$0
Preston Rothwell	Former Director	1.00		$0	$0	$0
Brian Johanning	Former Treasurer	1.00		$0	$0	$0
Mark Ward	Former Director	1.00		$0	$0	$0
Rich Webb	Former Director	1.00		$0	$0	$0
Alicia Alridge	Former Director	1.00		$0	$0	$0
Jack Figg	Former Director	1.00		$0	$0	$0
David Martin	Former Director	1.00		$0	$0	$0
Theresa Garza	Former Director	1.00		$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
2023	$130,789	$235,709	$107,901	$-104,920
2022	$590,221	$387,372	$418,902	$202,849
2021	$633,702	$446,305	$212,130	$187,397
2020	$478,563	$496,535	$33,008	$-17,972
2019	$511,832	$528,850	$50,211	$-17,018

Independence Council for Economic Development