GRAND ISLAND AREA ECONOMIC DEVELOPMENT CORPORATION (EIN 476028912) - 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

1957

Legal Domicile

Principal Officer

MARY BERLIE

Phone

3083817500

Tax Period

2024-01-01 to 2024-12-31

GRAND ISLAND AREA ECONOMIC DEVELOPMENT CORPORATION, founded in 1957, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $874K, a strong 58% operating margin.

Mission

TO FURTHER GENERAL BUSINESS INTEREST.

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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 $986,598

Program Service Revenue $93,784

Investment Income $164,480

Other Revenue $260,513

TOTAL REVENUE $1,505,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,255

Fundraising Expenses $0

Other Expenses $346,775

TOTAL EXPENSES $631,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,505,375	$714,218	+1.1%
Expenses	$631,030	$514,317	+0.2%
Net Income	$874,345	$199,901	+3.4%

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

$160,811

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY BERLIE	PRESIDENT	40.00	Officer	$160,811	$0	$160,811
WILL ARMSTRONG	TRUSTEE	N/A	Director	$0	$0	$0
JERRY HEIDELK	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JACK HENRY	VICE-CHAIRMA	N/A	Officer Director	$0	$0	$0
JASON HORNADY	TRUSTEE	N/A	Director	$0	$0	$0
BRUCE LUX	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
KRISTEN MASER	TRUSTEE	N/A	Director	$0	$0	$0
RAY O'CONNER	TRUSTEE	N/A	Director	$0	$0	$0
DAVE OSTDIEK	TRUSTEE	N/A	Director	$0	$0	$0
KYLE OVERTURF	TRUSTEE	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
2024	$1,505,375	$631,030	$12,079,474	$874,345
2023	$714,218	$514,317	$8,953,551	$199,901
2022	$636,587	$628,914	$8,783,454	$7,673
2021	$828,181	$490,919	$8,678,571	$337,262
2020	$540,105	$353,429	$7,358,091	$186,676
2019	$555,335	$399,551	$7,162,788	$155,784
2018	$672,856	$394,855	$7,198,632	$278,001

GRAND ISLAND AREA ECONOMIC DEVELOPMENT CORPORATION