KIRKSVILLE REGIONAL ECONOMIC DEVELOPMENT INC (EIN 431456357) - 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

1987

Legal Domicile

Principal Officer

COREY EAGEN

Tax Period

2023-01-01 to 2023-12-31

KIRKSVILLE REGIONAL ECONOMIC DEVELOPMENT INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $221K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $72K, a strong 33% operating margin.

Mission

TO SEARCH FOR AND AID BUSINESSES WHO DESIRE TO EXPAND OR RELOCATE TO THE AREA

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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 $23,500

Program Service Revenue $185,015

Investment Income $6,883

Other Revenue $5,434

TOTAL REVENUE $220,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,138

Fundraising Expenses $0

Program Expenses $149,032

Other Expenses $39,894

TOTAL EXPENSES $149,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,832	$186,910	+0.2%
Expenses	$149,032	$157,853	-0.1%
Net Income	$71,800	$29,057	+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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW SCHWEND	PRESIDENT	2.00	Officer	$0	$0	$0
STEPHANIE MILLS	SECRETARY	2.00	Officer	$0	$0	$0
COREY EAGEN	TREASURER	2.00	Officer	$0	$0	$0
LANCE RATCLIFF	VICE PRESIDENT	2.00	Officer	$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	$220,832	$149,032	$719,512	$71,800
2022	$186,910	$157,853	$669,506	$29,057
2021	$204,046	$139,082	$661,411	$64,964
2020	$192,375	$125,072	$616,420	$67,303
2019	$169,934	$128,372	$568,291	$41,562
2018	$175,036	$139,016	$545,014	$36,020

KIRKSVILLE REGIONAL ECONOMIC DEVELOPMENT INC