HILLSBORO AREA ECONOMIC DEVELOPMENT

EIN: 474506165 501(c)(3) Community Improvement

HILLSBORO, OH

Total Revenue
$6
Total Expenses
$9,025
Total Assets
$39,079
Net Assets
$39,079
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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
OH
Principal Officer
JAMES GIBBS
Tax Period
2023-01-01 to 2023-12-31

HILLSBORO AREA ECONOMIC DEVELOPMENT, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $6 in total revenue in fiscal year 2023. Expenses of $9K exceeded revenue, resulting in a 150317% operating deficit.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN HILLSBORO, OHIO

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $6
Other Revenue $0
TOTAL REVENUE $6

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,025
Other Expenses $9,025
TOTAL EXPENSES $9,025

Year-over-Year Comparison

2023 2022 Change
Revenue $6 N/A N/A
Expenses $9,025 $61,499 -0.9%
Net Income $-9,019 $-61,499 -0.9%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DREW HASTINGS BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES GIBBS PRESIDENT 1.00
Officer
$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
2023 $6 $9,025 $39,079 $-9,019
2022 No data $61,499 $48,098 No data
2021 $33,743 $73,836 $110,080 $-40,093
2020 $-4,626 $61,010 $149,645 $-65,636
2019 $86,906 $5,193 $215,282 $81,713
2018 $85,013 $2,907 $133,569 $82,106
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