ECONOMIC DEVELOPMENT CORP OF RUGBY (EIN 456035426) - 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

1980

Legal Domicile

Principal Officer

TERRY WENTZ

Phone

7017765261

Tax Period

2024-09-01 to 2025-08-31

ECONOMIC DEVELOPMENT CORP OF RUGBY, founded in 1980, is a micro nonprofit that reported $38K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12K, a strong 32% operating margin.

Mission

ECONOMIC DEVELOPMENT

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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 $26,049

Investment Income $7,984

Other Revenue $3,500

TOTAL REVENUE $37,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,567

Other Expenses $25,567

TOTAL EXPENSES $25,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,533	$20,408	+0.8%
Expenses	$25,567	$8,356	+2.1%
Net Income	$11,966	$12,052	0.0%

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

N/A

Employees

N/A

Volunteers

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
TERRY WENTZ	PRESIDENT	5.00	Officer	$0	$0	$0
KEVIN LEIER	VICE PRES	3.00	Officer	$0	$0	$0
JONI JOHNSON	SECRETARY	5.00	Officer	$0	$0	$0
TANNER JOHNSON	TREASURER	5.00	Officer	$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	$37,533	$25,567	$316,024	$11,966
2024	$20,408	$8,356	$304,058	$12,052
2023	$20,097	$3,254	$303,908	$16,843
2022	$21,270	$3,361	$301,262	$17,909
2021	$80,767	$77,054	$297,164	$3,713
2020	$21,399	$18,559	$293,451	$2,840
2019	$47,868	$5,298	$290,611	$42,570

ECONOMIC DEVELOPMENT CORP OF RUGBY