LARCHWOOD ECONOMIC DEVELOPMENT CORP

🔒

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

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

MORGAN HOOGENDOORN

Phone

7124700018

Tax Period

2023-01-01 to 2023-12-31

LARCHWOOD ECONOMIC DEVELOPMENT CORP, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $110K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $66K, a strong 61% operating margin.

Mission

TO PROMOTE THE GROWTH OF LARCHWOOD

Program Service Accomplishments

Program 1

Expenses: $11,991 Revenue: $154,973

ACQUSITION OF LAND FOR SUBSEQUENT CITY DEVELOPMENT AND SALE TO HOMEOWNERS AND BUSINESSES

Program 2

Expenses: $28,524 Revenue: $38,000

TO PROMOTE AND ASSIST AREA CHILD CARE CENTERS TO ENSURE CHILD CARE AVAILABILITY FOR THE BUSINESSES AND RESIDENTS OF THE LARCHWOOD AREA

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $103,298

Program Service Revenue $0

Investment Income $0

Other Revenue $6,324

TOTAL REVENUE $109,622

Expense Breakdown

Grants Paid $28,524

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,515

Other Expenses $14,654

TOTAL EXPENSES $43,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,622	$214,077	-0.5%
Expenses	$43,178	$43,975	0.0%
Net Income	$66,444	$170,102	-0.6%

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

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
JAMES VAN BEEK	DIRECTOR	0.10	Director	$0	$0	$0
DANIEL DAVID	DIRECTOR	0.10	Director	$0	$0	$0
STEVE MICHAEL	DIRECTOR	0.10	Director	$0	$0	$0
JESSE NIEMEYER	DIRECTOR	0.10	Director	$0	$0	$0
MORGAN HOOGENDOORN	TREASURER	0.20	Officer	$0	$0	$0
JARED VANDER SANDEN	PRESIDENT	0.10	Officer	$0	$0	$0
ELAINE SNYDERS	SECRETARY	0.10	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$109,622	$43,178	$655,212	$66,444
2022	$214,077	$43,975	$707,878	$170,102
2021	$52,336	$20,242	$687,969	$32,094
2020	$53,256	$26,628	$724,984	$26,628
2019	$52,659	$26,243	$801,948	$26,416
2018	$200,000	No data	$835,541	No data