FULTON AREA DEVELOPMENT FOUNDATION

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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

1990

Legal Domicile

Principal Officer

KIM BARNES

Phone

5736423055

Tax Period

2024-01-01 to 2024-12-31

FULTON AREA DEVELOPMENT FOUNDATION, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $150K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $170K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROMOTE ECONOMIC DEVELOPMENT IN CALLAWAY COUNTY

Program Service Accomplishments

Program 1

Expenses: $170,211

FADF ENGAGES IN THE CIVIC ACTIVITY OF PROMOTING ECONOMIC DEVELOPMENT IN THE FULTON, MO AND SURROUNDING AREAS.

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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 $137,616

Program Service Revenue $3,900

Investment Income $8,309

Other Revenue $0

TOTAL REVENUE $149,825

Expense Breakdown

Grants Paid $96,245

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,211

Other Expenses $73,966

TOTAL EXPENSES $170,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,825	$134,197	+0.1%
Expenses	$170,211	$154,162	+0.1%
Net Income	$-20,386	$-19,965	+0.0%

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

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
JANEA DANUSER	BOARD MEMBER	0.25	Director	$0	$0	$0
LORI TWILLMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
KIM BARNES	PRESIDENT	0.50	Officer	$0	$0	$0
STEVE GIBSON	VICE PRESIDE	0.50	Officer	$0	$0	$0
ELIZABETH SNYDER	SECRETARY/TR	0.50	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	$149,825	$170,211	$595,817	$-20,386
2023	$134,197	$154,162	$634,588	$-19,965
2022	$167,160	$132,760	$672,268	$34,400
2021	$71,382	$61,689	$655,226	$9,693
2020	$110,126	$67,607	$663,636	$42,519
2019	$61,574	$70,338	$636,800	$-8,764
2018	$51,198	$56,001	$662,393	$-4,803