MOBERLY AREA ECONOMIC DEVELOPMENT C (EIN 431475001) - 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

1988

Legal Domicile

Principal Officer

KAYLEE PAFFRATH

Phone

6602638811

Tax Period

2024-01-01 to 2024-12-31

MOBERLY AREA ECONOMIC DEVELOPMENT C, founded in 1988, is a small nonprofit that reported $352K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $82K, a strong 23% operating margin.

Mission

TO PROMOTE INVESTMENT WITHIN RANDOLPH & HOWARD COUNTIES THROUGH BOTH EXPANSION OF EXISTING BUSINESSES AS WELL AS NEW BUSINESS ATTRACTION. THESE INVESTMENTS LEAD TO CREATION OF NEW JOBS, INCREASED TAX BASE FOR TAXING JURISDICTIONS AND MUNICIPALITIES, AND DIVERSIFICATION OF THE LOCAL ECONOMY.

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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 $19,080

Program Service Revenue $321,000

Investment Income $11,791

Other Revenue $85

TOTAL REVENUE $351,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,140

Fundraising Expenses $9,877

Program Expenses $191,458

Other Expenses $106,943

TOTAL EXPENSES $270,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$351,956	$375,263	-0.1%
Expenses	$270,083	$324,122	-0.2%
Net Income	$81,873	$51,141	+0.6%

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

$97,171

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK MCKEOWN	CHAIRMAN	0.75	Officer Director	$0	$0	$0
SUZI MCGARVEY	VICE-CHAIRMA	0.75	Officer Director	$0	$0	$0
JB WAGGONER	MEMBER	0.75	Director	$0	$0	$0
RAY STEWART	SEC/TREASURE	0.75	Officer Director	$0	$0	$0
SHANE ADRIAN	MEMBER	0.75	Director	$0	$0	$0
JOHN TRACY	MEMBER	0.75	Director	$0	$0	$0
BRAD GOESSLING	MEMBER	0.75	Director	$0	$0	$0
MEAGAN SCHMITT	MEMBER	0.75	Director	$0	$0	$0
KAYLEE PAFFRATH	PRESIDENT	40.00	Officer	$89,174	$7,997	$97,171
RANDALL THOMPSON	MEMBER	0.75	Director	$0	$0	$0
CLIFF MILLER	MEMBER	0.75	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	No data	No data	No data	No data
2024	$351,956	$270,083	$684,789	$81,873
2023	$375,263	$324,122	$594,952	$51,141
2022	$551,103	$420,074	$606,314	$131,029
2021	$415,822	$360,741	$480,372	$55,081
2020	$511,531	$452,037	$420,972	$59,494
2019	$488,021	$344,993	$359,585	$143,028
2018	$475,421	$527,523	$220,898	$-52,102

MOBERLY AREA ECONOMIC DEVELOPMENT C