GREATER MORRIS COUNTY DEVELOPMENT CORPORATION (EIN 481042863) - 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

Phone

6207677355

Tax Period

2024-01-01 to 2024-12-31

GREATER MORRIS COUNTY DEVELOPMENT CORPORATION is a small nonprofit that reported $454K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum.

Mission

PROVIDE INCENTIVES TO FOSTER ECONOMIC AND INDUSTIRAL DEVELOPMENT WITHIN MORISS COUNTY KANSAS

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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 $434,687

Program Service Revenue $0

Investment Income $2,241

Other Revenue $16,768

TOTAL REVENUE $453,696

Expense Breakdown

Grants Paid $220,041

Salaries & Benefits $142,228

Fundraising Expenses $76,211

Program Expenses $218,741

Other Expenses $108,903

TOTAL EXPENSES $471,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$453,696	$256,767	+0.8%
Expenses	$471,172	$199,636	+1.4%
Net Income	$-17,476	$57,131	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SCOTT	EXECUTIVE DIRECTOR	30.00		$46,000	$0	$46,000
TRACY HENRY	EXECUTIVE DIRECTOR	40.00		$34,117	$0	$34,117
LOGAN ZIMMERMAN	Director	0.25	Director	$0	$0	$0
DARLENE GRIFFITH	Director	0.25	Director	$0	$0	$0
ELLE WHITE	Secretary	0.25	Director	$0	$0	$0
CODY CATLIN	Director	0.25	Director	$0	$0	$0
WAYNE KOHLER	Director	0.25	Director	$0	$0	$0
KEVIN LEEPER	Director	0.25	Officer Director	$0	$0	$0
DALE JONES	Vice President	0.25	Officer Director	$0	$0	$0
DEB SCHWERDTFEGER	Director	0.25	Director	$0	$0	$0
STEVE WHITE	President	0.25	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
2024	$453,696	$471,172	$662,559	$-17,476
2023	$256,767	$199,636	$685,020	$57,131
2022	$340,796	$315,870	$465,335	$24,926
2021	$71,833	$133,524	$440,409	$-61,691
2020	$71,125	$84,120	$502,100	$-12,995
2019	$35,966	$15,848	$515,938	$20,118

GREATER MORRIS COUNTY DEVELOPMENT CORPORATION