STAFFORD COUNTY ECONOMIC DEVELOPMENT INC

EIN: 453261720 501(c)(3) Community Improvement

ST JOHN, KS

Total Revenue
$1,436,379
Total Expenses
$768,180
Total Assets
$6,016,908
Net Assets
$4,092,261
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
KS
Principal Officer
JEFF BARNEY
Phone
6205493527
Tax Period
2023-01-01 to 2023-12-31

STAFFORD COUNTY ECONOMIC DEVELOPMENT INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $668K, a strong 47% operating margin.

Mission

TO OPERATE SOLELY AND EXCLUSIVELY AS A CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL ORGANIZATION AS DESIGNATED WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS AND GRANTS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE TAX CODE.

Program Service Accomplishments

Program 1
Expenses: $171,063 Revenue: $212,406

CONSTRUCTION AND MAINTENANCE OF A GROCERY STORE IN ST. JOHN TO PROVIDE THE LOCAL COMMUNITY AND SURROUNDING AREA WITH A GROCERY STORE THAT IS AFFORDABLE AND CONVENIENT TO THE CITIZENS OF STAFFORD...

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CONSTRUCTION AND MAINTENANCE OF A GROCERY STORE IN ST. JOHN TO PROVIDE THE LOCAL COMMUNITY AND SURROUNDING AREA WITH A GROCERY STORE THAT IS AFFORDABLE AND CONVENIENT TO THE CITIZENS OF STAFFORD COUNTY.

Program 2
Expenses: $98,831 Revenue: $8,800

ADMINISTER HOUSING PROGRAMS TO ADVANCE THE AVAILABILITY OF HOUSING THAT IS AFFORDABLE FOR LOW AND MODERATE INCOME POPULATION. MANAGE THREE RENTAL HOUSING UNITS. ADMINISTER AND MONITOR THE...

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ADMINISTER HOUSING PROGRAMS TO ADVANCE THE AVAILABILITY OF HOUSING THAT IS AFFORDABLE FOR LOW AND MODERATE INCOME POPULATION. MANAGE THREE RENTAL HOUSING UNITS. ADMINISTER AND MONITOR THE IMPLEMENTATION OF THE MODERATE INCOME HOUSING PROGRAM INCENTIVE FOR STAFFORD COUNTY, WHICH IS USED TO INCENTIVIZE PRIVATE-OWNED DEVELOPMENT OF WORKFORCE HOUSING.

Program 3
Expenses: $16,554 Revenue: $15,570

MAINTAIN A BUILDING FOR USE AS A BUSINESS INCUBATOR TO PROVIDE READILY AVAILABLE SPACE TO START A BUSINESS, AND TO PROVIDE EDUCATION AND SUPPORT SERVICES TO ENTREPRENEURS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,216,391
Program Service Revenue $238,278
Investment Income $-18,290
Other Revenue $0
TOTAL REVENUE $1,436,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,105
Fundraising Expenses $0
Program Expenses $689,849
Other Expenses $646,075
TOTAL EXPENSES $768,180

Year-over-Year Comparison

2023 2022 Change
Revenue $1,436,379 $1,067,232 +0.3%
Expenses $768,180 $523,168 +0.5%
Net Income $668,199 $544,064 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
40

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
5
$34,619
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES RUSSELL EXECUTIVE DI 40.00
Officer
$33,688 $931 $34,619
JEFF BARNEY PRESIDENT 1.00
Officer Director
$0 $0 $0
TRAVIS ALLEN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
TYLER AXMAN SECRETARY 1.00
Officer Director
$0 $0 $0
MATT APPLETON TREASURER 1.00
Officer Director
$0 $0 $0
HANNAH BRUMMER DIRECTOR 1.00
Director
$0 $0 $0
KEITH LAMB DIRECTOR 1.00
Director
$0 $0 $0
ANGELA PETERSON 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 $1,436,379 $768,180 $6,016,908 $668,199
2022 $1,067,232 $523,168 $5,447,418 $544,064
2021 $1,157,793 $401,802 $4,925,873 $755,991
2020 $637,070 $600,711 $4,402,469 $36,359
2019 $427,628 $425,497 $4,492,080 $2,131
2018 $1,353,476 $172,745 $4,429,385 $1,180,731
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