SALINA ECONOMIC DEVELOPMENT CORPORATION (EIN 481072499) - 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

1989

Legal Domicile

Principal Officer

MARK ZIMMERMAN

Phone

7858279301

Tax Period

2024-01-01 to 2024-12-31

SALINA ECONOMIC DEVELOPMENT CORPORATION, founded in 1989, is a micro nonprofit that reported $38K in total revenue in fiscal year 2024. Revenue surged 190% from the prior year, signaling strong growth momentum. Expenses of $71K exceeded revenue, resulting in a 86% operating deficit.

Mission

ENCOURAGE ECONOMIC DEVELOPMENT

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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 $0

Program Service Revenue $37,365

Investment Income $958

Other Revenue $0

TOTAL REVENUE $38,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $71,259

TOTAL EXPENSES $71,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,323	$13,204	+1.9%
Expenses	$71,259	$92,795	-0.2%
Net Income	$-32,936	$-79,591	-0.6%

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
CADEN BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
JASON GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON HUGHES	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
STEVE REED	DIRECTOR	1.00	Director	$0	$0	$0
MARK ZIMMERMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RENEE DUXLER	EXECUTIVE DI	2.00	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
2024	$38,323	$71,259	$2,159,529	$-32,936
2023	$13,204	$92,795	$2,191,461	$-79,591
2022	$29,017	$76,223	$2,269,491	$-47,206
2021	$33,240	$74,499	$2,316,697	$-41,259
2020	$31,455	$70,184	$2,371,628	$-38,729
2019	$28,132	$71,699	$2,403,521	$-43,567
2018	$167,648	$72,124	$2,446,920	$95,524

SALINA ECONOMIC DEVELOPMENT CORPORATION