KOKOMO COMMUNITY DEVELOPMENT CORPORATION (EIN 464036202) - 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

ANDREW HARDIE

Phone

7654372985

Tax Period

2024-01-01 to 2024-12-31

KOKOMO COMMUNITY DEVELOPMENT CORPORATION, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $9.9M in total revenue in fiscal year 2024. Revenue surged 519% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.1M, a strong 82% operating margin.

Mission

COMMUNITY BASED ECONOMIC DEVELOPMENT PROJECTS:BASEBALL STADIUM FOR SEMI PROFESSIONAL AND OTHER COMMUNITY TEAMS; CITY INFILL RESIDENTIAL PROJECT; COMMUNITY CONFERENCE CENTER PROJECT.

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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 $9,097,289

Program Service Revenue $0

Investment Income $400,146

Other Revenue $358,442

TOTAL REVENUE $9,855,877

Expense Breakdown

Grants Paid $1,590,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,720,000

Other Expenses $140,967

TOTAL EXPENSES $1,730,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,855,877	$1,590,996	+5.2%
Expenses	$1,730,967	$982,333	+0.8%
Net Income	$8,124,910	$608,663	+12.3%

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
BLAKE BRUTUS	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW HARDIE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TRACY OBOISE	SECRETARY	2.00	Officer 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	$9,855,877	$1,730,967	$45,568,713	$8,124,910
2023	$1,590,996	$982,333	$16,585,482	$608,663
2022	$8,046,382	$6,860,264	$16,416,094	$1,186,118
2021	$2,218,519	$1,943,674	$16,024,014	$274,845
2020	$3,024,266	$2,371,238	$16,664,490	$653,028
2019	$1,779,076	$958,531	$22,501,766	$820,545
2018	$1,730,235	$1,501,472	$19,780,715	$228,763

KOKOMO COMMUNITY DEVELOPMENT CORPORATION