Bottineau Economic Development Corp

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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

Phone

7012283922

Tax Period

2021-01-01 to 2021-12-31

Bottineau Economic Development Corp, founded in 1994, is a small nonprofit that reported $244K in total revenue in fiscal year 2021. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 28% operating margin.

Mission

To promote growth and prosperity for all living and working in Bottineau County by working with local and state partners to attract and retain jobs, cultivate captial investment, support educational institutions and foster workforce development.

Program Service Accomplishments

Program 1

Growing Businesses-Support business incubation and provide basic shared and individual services that businesses neet to start, expand and create quality jobs. The EDC uses Bottineau County Loan Pool (and, to a lesser extent, the B-500 Fund) to support businesses in the form of loans and grants, as well as funding feasibility studies and seminars.

Program 2

Bottineau Community Childcare Center-In partnership with Building Blocks Learning Center, the EDC helps insure early childcare and Preschool learning experiences for children 0-5. The EDC provides...

Bottineau Community Childcare Center-In partnership with Building Blocks Learning Center, the EDC helps insure early childcare and Preschool learning experiences for children 0-5. The EDC provides the facility,furnishings,fixtures and equipment. Building Blocks Learning Center leases and operates the childcare center.

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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 (2021)

Revenue Breakdown

Contributions & Grants $230,523

Program Service Revenue $0

Investment Income $7,493

Other Revenue $6,000

TOTAL REVENUE $244,016

Expense Breakdown

Grants Paid $5,727

Salaries & Benefits $89,916

Fundraising Expenses $0

Other Expenses $78,952

TOTAL EXPENSES $174,595

Year-over-Year Comparison

	2021	2020	Change
Revenue	$244,016	$178,417	+0.4%
Expenses	$174,595	$241,793	-0.3%
Net Income	$69,421	$-63,376	-2.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Beyer	Vice President	1.00	Officer Director	$0	$0	$0
Julie Mears	President	1.00	Officer Director	$0	$0	$0
Chuck Neubauer	Director	1.00	Director	$0	$0	$0
Mike Foster	Director	1.00	Director	$0	$0	$0
Jerome Migler	Director	1.00	Director	$0	$0	$0
Jason Guss	Director	1.00	Director	$0	$0	$0
Greg Bernstein	Director	1.00	Director	$0	$0	$0
Doug Marsden	Director	1.00	Director	$0	$0	$0
Alfred Sams	Director	1.00	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
2021	$244,016	$174,595	$2,117,134	$69,421
2020	$178,417	$241,793	$2,061,029	$-63,376
2019	$368,399	$301,965	$2,150,370	$66,434