WENTZVILLE ECONOMIC DEVELOPMENT CO… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

JEFF LENK

Phone

6363275101

Tax Period

2024-01-01 to 2024-12-31

WENTZVILLE ECONOMIC DEVELOPMENT COUNCIL, founded in 1994, is a small nonprofit in the Public & Societal Benefit sector that reported $472K in total revenue in fiscal year 2024. Expenses of $540K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDING FOR THE PLANNING, DEVELOPMENT, ACQUISITION, CONSTRUCTION, ETC. OF PUBLIC BUILDINGS, FACILITIES, STREETS, FURNISHINGS, AND EQUIPMENT FOR THE BENEFIT OR USE OF THE CITY. ADDITIONALLY, THE ENTITY IS TO PROMOTE AND MARKET ECONOMIC DEVELOPMENT, EXPANSION AND GROWTH.

Program Service Accomplishments

Program 1

Expenses: $540,379 Revenue: $471,019

ISSUED LEASEHOLD REVENUE BONDS IN CONNECTION WITH ACQUIRING REAL ESTATE TO BE DEVELOPED INTO A BUSINESS PARK, CONSTRUCTION OF WATER AND WASTEWATER SYSTEMS AND ROADWAYS FOR THE BUSINESS PARK, THE...

ISSUED LEASEHOLD REVENUE BONDS IN CONNECTION WITH ACQUIRING REAL ESTATE TO BE DEVELOPED INTO A BUSINESS PARK, CONSTRUCTION OF WATER AND WASTEWATER SYSTEMS AND ROADWAYS FOR THE BUSINESS PARK, THE PURCHASE AND CONSTRUCTION OF A NEW POLICE HEADQUARTERS, EXPANSION OF CITY'S WASTEWATER TREATMENT PLANT, TO BUILD WATER TOWERS, REBUILD WASTEWATER LIFT STATION AND FORCE MAIN, AND TO DO STORMWATER PROJECTS.

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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 $0

Program Service Revenue $471,019

Investment Income $1,100

Other Revenue $0

TOTAL REVENUE $472,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $540,379

Other Expenses $540,379

TOTAL EXPENSES $540,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$472,119	$474,740	0.0%
Expenses	$540,379	$523,021	+0.0%
Net Income	$-68,260	$-48,281	+0.4%

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

$11,026

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL KRAL	PRESIDENT	1.00	Officer Director	$0	$0	$0
KURT DANIELS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DENISE HACKMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON LEEK	TREASURER/ASST SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
JILL RUGGERI	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN HARR	DIRECTOR	1.00	Director	$0	$0	$11,026

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	$472,119	$540,379	$5,345,061	$-68,260
2023	$474,740	$523,021	$5,881,701	$-48,281
2022	$926,447	$568,010	$6,409,958	$358,437
2021	$962,075	$613,773	$7,530,162	$348,302
2020	$900,526	$641,420	$8,058,902	$259,106
2019	$5,155,911	$842,920	$8,670,867	$4,312,991
2018	$953,411	$871,079	$11,086,583	$82,332

WENTZVILLE ECONOMIC DEVELOPMENT COUNCIL