ASHLAND AREA ECONOMIC DEVELOPMENT CORPORATION (EIN 474204955) - 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

2015

Legal Domicile

Principal Officer

TIMOTHY R O'BRIEN

Phone

4024024707

Tax Period

2025-01-01 to 2025-12-31

ASHLAND AREA ECONOMIC DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $121K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $181K exceeded revenue, resulting in a 49% operating deficit.

Mission

ECONOMIC DEVELOPMENT IN AND AROUND ASHLAND 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 (2025)

Revenue Breakdown

Contributions & Grants $116,398

Program Service Revenue $0

Investment Income $4,589

Other Revenue $0

TOTAL REVENUE $120,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $20,490

Program Expenses $70,175

Other Expenses $180,567

TOTAL EXPENSES $180,567

Year-over-Year Comparison

	2025	2024	Change
Revenue	$120,987	$212,545	-0.4%
Expenses	$180,567	$116,856	+0.5%
Net Income	$-59,580	$95,689	-1.6%

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

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
DEB PORTZ	MEMBER	1.00	Director	$0	$0	$0
SUSAN THOMAS	MEMBER	1.00	Director	$0	$0	$0
TERI MIKKELSEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF DEWEY	MEMBER	1.00	Officer Director	$0	$0	$0
CHARLES NIEMEYER	MEMBER	1.00	Director	$0	$0	$0
TIM O'BRIEN	PRESIDENT	1.00	Director	$0	$0	$0
AMBER DUTCHER	MEMBER	1.00	Director	$0	$0	$0
DAVID LUTTON	TREASURER	1.00	Director	$0	$0	$0
JOANIE SWANSON	SECRETARY	1.00		$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	$120,987	$180,567	$183,029	$-59,580
2024	$212,545	$116,856	$242,609	$95,689
2023	$68,087	$67,643	No data	$444
2022	$112,784	$76,623	$145,326	$36,161
2021	$26,525	$38,369	$111,225	$-11,844
2020	$35,250	$48,960	$110,564	$-13,710

ASHLAND AREA ECONOMIC DEVELOPMENT CORPORATION