Economic Development Corporation of Lawrence and Douglas County (EIN 481021946) - 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

1986

Legal Domicile

Principal Officer

BOBBIE FLORY

Phone

9139568746

Tax Period

2024-04-01 to 2025-03-31

Economic Development Corporation of Lawrence and Douglas County, founded in 1986, is a small nonprofit that reported $522K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

Economic prosperity through leadership, advocacy and investment in Douglas County.

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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 $512,765

Program Service Revenue $0

Investment Income $9,223

Other Revenue $0

TOTAL REVENUE $521,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $550,901

TOTAL EXPENSES $550,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,988	$581,858	-0.1%
Expenses	$550,901	$587,734	-0.1%
Net Income	$-28,913	$-5,876	+3.9%

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

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
BOBBIE FLORY	CHAIR	0.10	Officer Director	$0	$0	$0
WARREN WHITE	VICE CHAIR	0.10	Officer Director	$0	$0	$0
MARK GONZALES	Treasurer	0.10	Officer Director	$0	$0	$0
J STEWART	Director	0.10	Director	$0	$0	$0
DEREK BAILEY	Director	0.10	Director	$0	$0	$0
DUSTIN BAKER	Director	0.10	Director	$0	$0	$0
SMITTY BELCHER	Director	0.10	Director	$0	$0	$0
MATT BICE	Director	0.10	Director	$0	$0	$0
ROB CHESTNUT	Director	0.10	Director	$0	$0	$0
JOE FLANNERY	Director	0.10	Director	$0	$0	$0
KIRSTEN FLORY	Director	0.10	Director	$0	$0	$0
MICHELE HAMMANN	Director	0.10	Director	$0	$0	$0
MARILYN HECK	Director	0.10	Director	$0	$0	$0
DAVE HILL	Director	0.10	Director	$0	$0	$0
JASON HOOVER	Director	0.10	Director	$0	$0	$0
MIKE MCGREW	Director	0.10	Director	$0	$0	$0
LON MEYER	Director	0.10	Director	$0	$0	$0
SUNEE MICKLE	Director	0.10	Director	$0	$0	$0
KEVIN O'MALLEY	Director	0.10	Director	$0	$0	$0
GARY REXROAD	Director	0.10	Director	$0	$0	$0
CINDY YULICH	Director	0.10	Director	$0	$0	$0
STEVE KELLY	Secretary	0.00	Officer 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	$521,988	$550,901	$1,137,091	$-28,913
2024	$581,858	$587,734	$1,676,069	$-5,876
2023	$826,240	$599,655	$2,194,710	$226,585
2022	$256,167	$458,247	$2,480,890	$-202,080
2021	$338,953	$353,204	$501,550	$-14,251
2020	$338,953	$300,493	$854,754	$38,460
2019	$338,953	$281,615	$1,155,247	$57,338

Economic Development Corporation of Lawrence and Douglas County