NECOG Development Corporation (EIN 460434487) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

Eric Senger

Phone

6056262595

Tax Period

2024-01-01 to 2024-12-31

NECOG Development Corporation, founded in 1994, is a small nonprofit in the Public & Societal Benefit sector that reported $231K in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $270K exceeded revenue, resulting in a 17% operating deficit.

Mission

To loan federal and state funds to local businesses and industry and to assist businesses in creating and retaining jobs for the region.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $305,296

Program Service Revenue $336,721

Investment Income $13,258

Other Revenue $9,519

TOTAL REVENUE $664,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,400

Fundraising Expenses $0

Program Expenses $71,015

Other Expenses $108,441

TOTAL EXPENSES $110,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$664,794	$514,731	+0.3%
Expenses	$110,841	$132,885	-0.2%
Net Income	$553,953	$381,846	+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

$700

Total Directors

$2,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Garry	Director	0.30	Director	$500	$0	$500
Jason Jung	Director	0.30	Director	$500	$0	$500
Ted Haeder	Director	0.30	Director	$500	$0	$500
Donald Kallenberger	Chairperson	0.30	Officer Director	$300	$0	$300
Scott Campbell	Vice Chair	0.30	Officer Director	$200	$0	$200
Craig Oberle	Secretary/Treas	0.30	Officer Director	$200	$0	$200
Doug DeBoer	Director	0.30	Director	$200	$0	$200
Eric Senger	Executive Dir.	1.00	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
2024	$664,794	$110,841	$7,014,895	$553,953
2023	$514,731	$132,885	$6,533,098	$381,846
2022	$372,735	$233,678	$6,251,917	$139,057
2021	$1,010,155	$380,494	$6,194,288	$629,661
2020	$1,810,570	$237,590	$5,798,280	$1,572,980
2019	$234,935	$165,189	$4,320,677	$69,746
2018	$230,658	$270,398	$4,362,613	$-39,740

NECOG Development Corporation