CHANUTE REGIONAL DEVELOPMENT AUTHORITY INC (EIN 453076615) - 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

2011

Legal Domicile

Principal Officer

BAILEY SCHWEGMAN

Phone

6204315222

Tax Period

2023-01-01 to 2023-12-31

CHANUTE REGIONAL DEVELOPMENT AUTHORITY INC, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $358K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $524K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO ADVANCE AN ENVIRONMENT THAT PRESERVES, ATTRACTS AND PROMOTES BUSINESS.

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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 $327,384

Program Service Revenue $0

Investment Income $282

Other Revenue $30,762

TOTAL REVENUE $358,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,335

Fundraising Expenses $0

Program Expenses $521,566

Other Expenses $360,222

TOTAL EXPENSES $523,557

Year-over-Year Comparison

	2023	2022	Change
Revenue	$358,428	$603,508	-0.4%
Expenses	$523,557	$356,072	+0.5%
Net Income	$-165,129	$247,436	-1.7%

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
CHAD BOAZ	DIRECTOR	1.00	Director	$0	$0	$0
ANITA COOPER	DIRECTOR	1.00	Director	$0	$0	$0
JAIME COSTIN	DIRECTOR	1.00	Director	$0	$0	$0
TIM EGNER	DIRECTOR	1.00	Director	$0	$0	$0
RON FLOWERS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL JARRED	DIRECTOR	1.00	Director	$0	$0	$0
AMY JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
KURT KLUIN	DIRECTOR	1.00	Director	$0	$0	$0
MATT KOESTER	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA KRUMM	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JACOB LARUE	DIRECTOR	1.00	Director	$0	$0	$0
KEN LICKTEIG	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DARIN LUEBERRING	DIRECTOR	1.00	Director	$0	$0	$0
STACY MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
SHELLI SHEERER	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
2024	No data	No data	No data	No data
2023	$358,428	$523,557	$270,862	$-165,129
2022	$603,508	$356,072	$446,202	$247,436
2021	$352,224	$345,892	$207,683	$6,332
2020	$344,616	$274,888	$197,588	$69,728
2019	$269,481	$205,885	$146,048	$63,596

CHANUTE REGIONAL DEVELOPMENT AUTHORITY INC