CUMING COUNTY ECONOMIC DEVELOPMENT INC (EIN 463184689) - 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

2014

Legal Domicile

Principal Officer

CHET MCWHORTER

Phone

4023726001

Tax Period

2024-01-01 to 2024-12-31

CUMING COUNTY ECONOMIC DEVELOPMENT INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $724K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $279K, a strong 39% operating margin.

Mission

ECONOMIC DEVELOPMENT BUILDING DEMOLITION AND BUSINESS IMPROVEMENT GRANTS FOR CUMING COUNTY, NEBRASKA

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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 $723,916

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $723,916

Expense Breakdown

Grants Paid $422,209

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $444,976

Other Expenses $22,767

TOTAL EXPENSES $444,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$723,916	$1,066,351	-0.3%
Expenses	$444,976	$952,018	-0.5%
Net Income	$278,940	$114,333	+1.4%

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
JON BAILEY	OFFICER	N/A	Director	$0	$0	$0
ANDY SCHOLTING	OFFICER	N/A	Officer Director	$0	$0	$0
RUSTY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
CHET MCWHORTER	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
HOLLY SCHROEDER	SECRETARY TR	N/A	Officer Director	$0	$0	$0
DOUG STEFFENSMEIER	DIRECTOR	N/A	Director	$0	$0	$0
ADAM RIEF	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE JAMES	DIRECTOR	N/A	Director	$0	$0	$0
KRISTA PRINZ	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	$723,916	$444,976	$1,255,172	$278,940
2023	$1,066,351	$952,018	$976,232	$114,333
2022	$541,797	$709,497	$913,560	$-167,700
2021	$1,117,628	$308,455	$1,110,995	$809,173
2020	$323,058	$107,749	$283,115	$215,309

CUMING COUNTY ECONOMIC DEVELOPMENT INC