LEE'S SUMMIT ECONOMIC DEVELOPMENT COUNCIL (EIN 431386718) - 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

1985

Legal Domicile

Principal Officer

JOE PERRY

Phone

8165256617

Tax Period

2024-07-01 to 2025-06-30

LEE'S SUMMIT ECONOMIC DEVELOPMENT COUNCIL, founded in 1985, is a small nonprofit that reported $402K in total revenue in fiscal year 2024. Revenue surged 315% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 34% operating margin.

Mission

TO PROMOTE AND ENHANCE THE CITY OF LEE'S SUMMIT AS A MODEL COMMUNITY FOR ECONOMIC INNOVATION AND GROWTH FUELED BY A PRO-BUSINESS ENVIRONMENT, DIVERSE ECONOMIC BASE AND A COMMITMENT TO STRONG RELATIONSHIPS AND WORK ETHIC.

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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 $392,930

Program Service Revenue $0

Investment Income $8,182

Other Revenue $950

TOTAL REVENUE $402,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,702

Fundraising Expenses $8,594

Program Expenses $184,101

Other Expenses $117,444

TOTAL EXPENSES $264,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$402,062	$96,945	+3.1%
Expenses	$264,146	$202,496	+0.3%
Net Income	$137,916	$-105,551	-2.3%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL BAIRD	CITY MAYOR	N/A	Director	$0	$0	$0
DOUG BATES	DIRECTOR	N/A	Director	$0	$0	$0
BILL BROWN	DIRECTOR	N/A	Director	$0	$0	$0
DR DAVID BUCK	LSR7 SUPERIN	N/A	Director	$0	$0	$0
DR RYAN CRIDER	MCC LONGVIEW	N/A	Director	$0	$0	$0
JON ELLIS	SECRETARY	N/A	Officer Director	$0	$0	$0
JACKIE MCCORMICK HEANUE	TREASURER	N/A	Officer Director	$0	$0	$0
LAUREL HOGUE	UCM PRESIDEN	N/A	Director	$0	$0	$0
TOM JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
DR BOB JEROME	BSSD SUPERIN	N/A	Director	$0	$0	$0
MEGAN LITECKY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN LOVELL	DIRECTOR	N/A	Director	$0	$0	$0
BOBBY OLM-SHIPMAN	VICE CHAIR	N/A	Officer Director	$0	$0	$0
DAN REXROTH	DIRECTOR	N/A	Director	$0	$0	$0
HILLARY SHIELDS	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL VANBUSKIRK	CHAIRPERSON	N/A	Officer 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	$402,062	$264,146	$352,002	$137,916
2024	$96,945	$202,496	$213,803	$-105,551
2023	$305,733	$446,197	$391,548	$-140,464
2022	$523,598	$584,871	$574,098	$-61,273
2021	$600,128	$545,037	$648,031	$55,091
2020	$641,305	$566,895	$593,686	$74,410
2019	$616,316	$574,237	$518,005	$42,079
2018	$597,143	$599,005	$475,187	$-1,862

LEE'S SUMMIT ECONOMIC DEVELOPMENT COUNCIL