REGIONAL ECONOMIC DEVELOPMENT INC (EIN 431516160) - 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

TODD HOIEN

Phone

5734428303

Tax Period

2023-10-01 to 2024-09-30

REGIONAL ECONOMIC DEVELOPMENT INC, founded in 1988, is a small nonprofit that reported $436K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO ATTRACT NEW BUSINESSES AND QUALITY JOBS THAT ENHANCE THE AREA'S ECONOMY AND COMMUNITY; TO EXPAND THE PRESENCE OF EXISTING LEGACY BUSINESSES AND ENURE A SUSTAINABLE WORKFORCE; AND TO GROW START-UP BUSINESSES AND FOSTER A STRONGER ENTREPRENEURIAL ECOSYSTEM.

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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 $50,000

Program Service Revenue $362,351

Investment Income $402

Other Revenue $23,048

TOTAL REVENUE $435,801

Expense Breakdown

Grants Paid $53,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $354,586

Other Expenses $399,015

TOTAL EXPENSES $452,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$435,801	$384,333	+0.1%
Expenses	$452,215	$426,636	+0.1%
Net Income	$-16,414	$-42,303	-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

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
TODD HOIEN	CHAIR	0.60	Officer Director	$0	$0	$0
RYAN RAPP	VICE CHAIR	0.60	Officer Director	$0	$0	$0
NATASHA HARRIS	TREASURER	0.60	Officer Director	$0	$0	$0
JEN HEDRICK	SECRETARY	0.60	Officer Director	$0	$0	$0
BENJAMIN ROSS	PAST CHAIR	0.60	Officer Director	$0	$0	$0
MATHEW GASS	MEMBER	0.40	Director	$0	$0	$0
LONNA TRAMMELL	MEMBER	0.40	Director	$0	$0	$0
RHONDA CARLSON	MEMBER	0.40	Director	$0	$0	$0
BARBARA BUFFALOE	MEMBER	0.40	Director	$0	$0	$0
MATT WILLIAMS	MEMBER	0.40	Director	$0	$0	$0
JUSTIN ALDRED	MEMBER	0.40	Director	$0	$0	$0
JAY ALEXANDER	MEMBER	0.40	Director	$0	$0	$0
MIKE GRELLNER	MEMBER	0.40	Director	$0	$0	$0
RANDA RAWLINS	MEMBER	0.40	Director	$0	$0	$0
ED SCAVONE	MEMBER	0.40	Director	$0	$0	$0
LORELI WILSON	MEMBER	0.40	Director	$0	$0	$0
DE'CARLON SEEWOOD	MEMBER	0.40	Director	$0	$0	$0
MITCHELL FUEMMELER	MEMBER	0.40	Director	$0	$0	$0
AMANDA JACOBS	MEMBER	0.40	Director	$0	$0	$0
HEATHER LOCKARD	MEMBER	0.40	Director	$0	$0	$0
GINA RENDE	MEMBER	0.40	Director	$0	$0	$0
STACEY BUTTON	PRESIDENT	40.00	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	$435,801	$452,215	$233,713	$-16,414
2023	$384,333	$426,636	$307,674	$-42,303
2022	$389,835	$386,652	$404,163	$3,183
2021	$332,290	$509,009	$432,977	$-176,719
2020	$353,588	$299,747	$654,203	$53,841
2019	$392,007	$291,541	$633,054	$100,466
2018	$358,552	$290,737	$575,942	$67,815

REGIONAL ECONOMIC DEVELOPMENT INC