HASTINGS ECONOMIC DEVELOPMENT CORP

EIN: 470551577

HASTINGS, NE

Total Revenue
$1,706,873
Total Expenses
$2,181,972
Total Assets
$7,409,503
Net Assets
$5,524,117
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NE
Principal Officer
SHANNON LANDAUER
Phone
4024618400
Tax Period
2024-01-01 to 2024-12-31

HASTINGS ECONOMIC DEVELOPMENT CORP, founded in 1973, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 642% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO ADVANCE, ENCOURAGE, PROMOTE AND STIMULATE THE GENERAL ECONOMIC, COMMERCIAL, EDUCATIONAL, SOCIAL, CIVIC AND GENERAL WELFARE AND PROSPERITY OF THE CITY OF HASTINGS, NEBRASKA, AND ITS SURROUNDING TERRITORY.

Program Service Accomplishments

Program 1
Expenses: $2,149,666 Revenue: $242,146

THE PROMOTION OF INDUSTRIAL EXPANSION AND THE PROCUREMENT OF NEW INDUSTRY TO THE AREA, THEREBY CREATING NEW JOB OPPORTUNITIES AND ECONOMIC GROWTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,397,988
Program Service Revenue $216,623
Investment Income $92,262
Other Revenue $0
TOTAL REVENUE $1,706,873

Expense Breakdown

Grants Paid $1,109,738
Salaries & Benefits $236,929
Fundraising Expenses $0
Program Expenses $2,149,666
Other Expenses $835,305
TOTAL EXPENSES $2,181,972

Year-over-Year Comparison

2024 2023 Change
Revenue $1,706,873 $230,012 +6.4%
Expenses $2,181,972 $718,308 +2.0%
Net Income $-475,099 $-488,296 0.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
28
Independent Members
27
Employees
4
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
4
$182,577
Total Directors
28
$182,577
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRAVIS TUREK DIRECTOR 0.50
Director
$0 $0 $0
SCOTT KVOLS DIRECTOR 0.50
Director
$0 $0 $0
ERIC BARBER DIRECTOR 0.50
Director
$0 $0 $0
MIKE HARLING DIRECTOR 0.50
Director
$0 $0 $0
TEENA KUCERA DIRECTOR 0.50
Director
$0 $0 $0
RICH LLOYD DIRECTOR 0.50
Director
$0 $0 $0
SHAWN HARTMANN DIRECTOR 0.50
Director
$0 $0 $0
BETH COIL PRESIDENT 0.50
Officer Director
$0 $0 $0
TRAVIS AUGUSTIN DIRECTOR 0.50
Director
$0 $0 $0
BILL HITESMAN DIRECTOR 0.50
Director
$0 $0 $0
CODY SMITH SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
DEE HAUSSLER DIRECTOR 0.50
Director
$0 $0 $0
GARY BRANDT DIRECTOR 0.50
Director
$0 $0 $0
BRIAN BASSETT DIRECTOR 0.50
Director
$0 $0 $0
SHAWN SCOTT DIRECTOR 0.50
Director
$0 $0 $0
PIERCE FIALA DIRECTOR 0.50
Director
$0 $0 $0
DEREK ZEISLER DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER WADDLE DIRECTOR 0.50
Director
$0 $0 $0
CYRUS ROWAN DIRECTOR 0.50
Director
$0 $0 $0
CHUCK NEWMANN DIRECTOR 0.50
Director
$0 $0 $0
SCOTT BARWICK VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JEFF SCHNEIDER DIRECTOR 0.50
Director
$0 $0 $0
TERRY ANSTINE DIRECTOR 0.50
Director
$0 $0 $0
JAY BECKBY DIRECTOR 0.50
Director
$0 $0 $0
SHANNON LANDAUER EXECUTIVE DIRECTOR 40.00
Officer Director
$182,577 $0 $182,577
BRIAN PRICE DIRECTOR 0.50
Director
$0 $0 $0
TODD CERNY DIRECTOR 0.50
Director
$0 $0 $0
LARRY CONSBRUCK DIRECTOR 0.50
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 $1,706,873 $2,181,972 $7,409,503 $-475,099
2023 $230,012 $718,308 $7,679,193 $-488,296
2022 $-1,351,105 $429,271 $6,633,395 $-1,780,376
2021 $983,781 $445,843 $8,303,115 $537,938
2020 $758,520 $489,503 $7,866,110 $269,017
2019 $1,914,152 $426,610 $8,171,794 $1,487,542
2018 $2,723,809 $255,519 $6,803,474 $2,468,290
Explore More Nonprofits
→Top 100 Nonprofits in Nebraska →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HASTINGS ECONOMIC DEVELOPMENT CORP with other nonprofits in Nebraska and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.