CHEROKEE COUNTY ECONOMIC DEVELOPME… - Form 990 Financial Data

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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

DALE HELWIG

Phone

6207620717

Tax Period

2025-01-01 to 2025-12-31

CHEROKEE COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $108K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

ATTRACT BUSINESSES TO CHEROKEE COUNTY, KANSAS, RETAIN AND ASSIST IN EXPANSION OF EXISTING BUSINESSES THROUGHOUT THE COUNTY; KEEP APPRISED ON NEW DEVELOPMENTS IN LAW/PROPOSED LEGISLATION, DETERMINE SUITABILITY OF LOCAL PHYSICAL INFRASTRUCTURE TO MEET NEEDS OF BUSINESSES IN CHEROKEE COUNTY, CREATE AND IMPROVE BUSINESS COMMUNITY NEEDED TO GROW.

Program Service Accomplishments

Program 1

Expenses: $18,728

ATTRACT BUSINESSES TO CHEROKEE COUNTY THROUGH MARKETING AND PROVIDING INFORMATION AND RESOURCES TO INTERESTED PARTIES

Program 2

Expenses: $18,728 Revenue: $630

PROVIDE ASSISTANCE TO RETAIN AND EXPAND EXISTING BUSINESSES IN CHEROKEE COUNTY.

Program 3

Expenses: $13,636

MONITOR NEW DEVELOPMENTS AT THE FEDERAL, STATE AND LOCAL LEVELS; ENSURE THAT LOCAL PHYSICAL INFRASTRUCTURE MEETS THE CURRENT NEED OF CURRENT AND PROSPECTIVE BUSINESSES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $101,225

Program Service Revenue $7,115

Investment Income $0

Other Revenue $0

TOTAL REVENUE $108,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,661

Fundraising Expenses $7,929

Program Expenses $84,132

Other Expenses $47,044

TOTAL EXPENSES $105,705

Year-over-Year Comparison

	2025	2024	Change
Revenue	$108,340	$94,800	+0.1%
Expenses	$105,705	$106,180	0.0%
Net Income	$2,635	$-11,380	-1.2%

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

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
AMY ZORTZ	SECRETARY	N/A	Officer Director	$0	$0	$0
BOB NORRIS	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS NIEGISCH	TREASURER	N/A	Officer Director	$0	$0	$0
BRIAN SMITH	CHAIRMAN	N/A	Officer Director	$0	$0	$0
NEIL OGLESBY	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY STRUP	DIRECTOR	N/A	Director	$0	$0	$0
JAKE LETNER	VICE CHAIR	N/A	Officer Director	$0	$0	$0
BERT KELLUM	DIRECTOR	N/A	Director	$0	$0	$0
MYRA CARLISLE FRAZIER	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	$108,340	$105,705	$91,369	$2,635
2024	$94,800	$106,180	$88,734	$-11,380
2023	$91,687	$97,144	$100,114	$-5,457
2022	$111,488	$82,811	$105,571	$28,677
2021	$98,518	$110,931	$76,894	$-12,413
2020	$646,966	$590,736	$89,307	$56,230
2019	$100,924	$102,229	$33,077	$-1,305
2018	$103,903	$96,987	$34,382	$6,916

CHEROKEE COUNTY ECONOMIC DEVELOPMENT CORPORATION