FINLEY ECONOMIC DEVELOPMENT CORP (EIN 450418406) - 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

1983

Legal Domicile

Principal Officer

CHAD ABERLE

Phone

7015241921

Tax Period

2025-01-01 to 2025-12-31

FINLEY ECONOMIC DEVELOPMENT CORP, founded in 1983, is a micro nonprofit that reported $7K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $9K exceeded revenue, resulting in a 30% operating deficit.

Mission

ECONOMIC AND COMMUNITY DEVELOPMENT IN THE CITY OF FINLEY ND

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $42,037

Investment Income $0

Other Revenue $-35,314

TOTAL REVENUE $6,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,658

Other Expenses $8,752

TOTAL EXPENSES $8,752

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,723	$4,791	+0.4%
Expenses	$8,752	$9,199	0.0%
Net Income	$-2,029	$-4,408	-0.5%

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
CHAD ABERLE	TREASURER	5.00	Officer Director	$0	$0	$0
KURT LEROL	DIRECTOR	5.00	Director	$0	$0	$0
KARL CHRISTIAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
LORI TWETTE	SECRETARY	5.00	Officer Director	$0	$0	$0
TYLER FLATEN	DIRECTOR	5.00	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
2025	$6,723	$8,752	$448,498	$-2,029
2024	$4,791	$9,199	$485,546	$-4,408
2023	$4,046	$8,804	$504,178	$-4,758
2022	$40,545	$16,096	$522,392	$24,449
2021	$43,454	$16,417	$510,588	$27,037
2020	$37,670	$20,769	$499,784	$16,901

FINLEY ECONOMIC DEVELOPMENT CORP