PHELPS COUNTY DEVELOPMENT CORP (EIN 470814669) - 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

1998

Legal Domicile

Principal Officer

SHANE WESTCOTT

Phone

3089954148

Tax Period

2024-01-01 to 2024-12-31

PHELPS COUNTY DEVELOPMENT CORP, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $858K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 69% operating deficit.

Mission

TO ENCOURAGE BUSINESS RETENTION AND PROMOTE ECONOMIC DEVELOPMENT WHILE PRESERVING THE QUALITY OF LIFE IN PHELPS 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 $1,006,521

Program Service Revenue $32,100

Investment Income $-187,854

Other Revenue $7,319

TOTAL REVENUE $858,086

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $271,595

Fundraising Expenses $0

Program Expenses $1,309,857

Other Expenses $582,127

TOTAL EXPENSES $1,453,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$858,086	$1,676,256	-0.5%
Expenses	$1,453,722	$801,635	+0.8%
Net Income	$-595,636	$874,621	-1.7%

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

$131,249

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON TILLERY	EXECUTIVE DI	40.00	Officer	$131,249	$0	$131,249
JANET BOEHLER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE BOUWARE	EX-OFFICIO M	1.00	Director	$0	$0	$0
NATE DEWALD	DIRECTOR	1.00	Director	$0	$0	$0
JARED ENGELBERT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GRANT ERICKSEN	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW GREGG	EX-OFFICIO M	1.00	Director	$0	$0	$0
PHIL HINRICHS	DIRECTOR	1.00	Director	$0	$0	$0
GRANT HINZE	DIRECTOR	1.00	Director	$0	$0	$0
JANICE LUDEKE	EX-OFFICIO M	1.00	Director	$0	$0	$0
TYE MARQUARDT	DIRECTOR	1.00	Director	$0	$0	$0
REED MCCLYMONT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MCQUILLAN	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF MOON	DIRECTOR	1.00	Director	$0	$0	$0
TOM NUTT	EX-OFFICIO M	1.00	Director	$0	$0	$0
MJ PRISTAVEC	EX-OFFICIO M	1.00	Director	$0	$0	$0
CHRIS RECTOR	EX-OFFICIO M	1.00	Director	$0	$0	$0
DOUG STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
SHANE WESTCOTT	PRESIDENT	1.00	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	$858,086	$1,453,722	$4,502,221	$-595,636
2023	$1,676,256	$801,635	$5,197,977	$874,621
2022	$1,104,308	$734,902	$3,831,194	$369,406
2021	$961,721	$815,845	$2,798,255	$145,876
2020	$873,290	$1,000,782	$2,861,016	$-127,492
2019	$865,821	$873,945	$2,795,237	$-8,124
2018	$998,970	$868,026	$2,869,469	$130,944

PHELPS COUNTY DEVELOPMENT CORP