FULTON COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 465605818) - 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

RJ LUMBREZER

Phone

4193379270

Tax Period

2023-07-01 to 2024-06-30

FULTON COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $345K in total revenue in fiscal year 2023.

Mission

THE CORPORATION IS ORGANIZED TO ACT AS THE VEHICLE FOR THE UNIFIED COUNTYWIDE EFFORT PROMOTING THE ECONOMIC HEALTH OF FULTON COUNTY, OHIO COMMUNITIES AND BUSINESSES THROUGH TWO WAY COMMUNICATION, CONSTANT NETWORKING WITH BUSINESSES TO STRENGTHEN THE ECONOMIC CLIMATE OF THE COUNTY, THE RETENTION OF EXISTING INDUSTRY, AND THE SYSTEMATIC RECRUITMENT OF NEW BUSINESSES TO STIMULATE AND ENSURE THE AREA'S CONTINUED AND ORDERLY GROWTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $171,068

Program Service Revenue $164,470

Investment Income $5,229

Other Revenue $4,188

TOTAL REVENUE $344,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,664

Fundraising Expenses $9,695

Program Expenses $265,046

Other Expenses $179,411

TOTAL EXPENSES $378,075

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,955	$344,417	+0.0%
Expenses	$378,075	$355,848	+0.1%
Net Income	$-33,120	$-11,431	+1.9%

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

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

$110,192

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT GILROY	EXECUTIVE DI	40.00	Officer	$110,192	$0	$110,192
SCOTT ANAIR	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL BOLTON	DIRECTOR	1.00	Director	$0	$0	$0
PATTI FINN	VICE-CHAIRPE	1.00	Officer Director	$0	$0	$0
ALEX GERKEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE GERKEN	SECRETARY	1.00	Officer Director	$0	$0	$0
ARTHUR GLISPIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GOHR	DIRECTOR	1.00	Director	$0	$0	$0
TIM HEIBEL	DIRECTOR	1.00	Director	$0	$0	$0
DOUG SHAW JR	TREASURER	1.00	Officer Director	$0	$0	$0
ROB LANGFORD	DIRECTOR	1.00	Director	$0	$0	$0
RJ LUMBREZER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEVE MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
BILL RUFENACHT	DIRECTOR	1.00	Director	$0	$0	$0
JOSH RUPLI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
KATHY SHAW	DIRECTOR	1.00	Director	$0	$0	$0
DAN SILVERS	DIRECTOR	1.00	Director	$0	$0	$0
SETH THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
KEITH TORBET	DIRECTOR	1.00	Director	$0	$0	$0
SOMMER VRIEZELAAR	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WALDRON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WILKINSON	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
2025	No data	No data	No data	No data
2024	$344,955	$378,075	$245,315	$-33,120
2023	$344,417	$355,848	$264,718	$-11,431
2022	$343,247	$339,193	$277,757	$4,054
2021	$339,005	$271,888	$267,727	$67,117
2020	$337,020	$329,718	$196,010	$7,302
2019	$315,770	$304,306	$189,433	$11,464
2018	$263,270	$274,907	$175,988	$-11,637

FULTON COUNTY ECONOMIC DEVELOPMENT CORPORATION