ELLSWORTH COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 481072732) - 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

JUSTIN LINDSLEY

Phone

7854729204

Tax Period

2023-01-01 to 2023-12-31

ELLSWORTH COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit that reported $257K in total revenue in fiscal year 2023. Expenses of $241K left a modest 6% surplus.

Mission

ELLSWORTH COUNTY ECONOMIC DEVELOPMENT IS IMPROVING THE LIVES OF CITIZENS OF ELLSWORTH COUNTY THROUGH RECRUITMENT, RETENTION, AND EXPANSION OF GOODS AND SERVICES OFFERED IN ELLSWORTH 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 (2023)

Revenue Breakdown

Contributions & Grants $215,570

Program Service Revenue $33,499

Investment Income $4,383

Other Revenue $3,770

TOTAL REVENUE $257,222

Expense Breakdown

Grants Paid $45,340

Salaries & Benefits $129,982

Fundraising Expenses $0

Program Expenses $216,350

Other Expenses $66,148

TOTAL EXPENSES $241,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,222	$259,244	0.0%
Expenses	$241,470	$149,835	+0.6%
Net Income	$15,752	$109,409	-0.9%

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

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

$94,133

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACIE J SCHMIDT	EXECUTIVE DI	40.00	Officer	$70,861	$23,272	$94,133
RACHAEL BARTA	DIRECTOR	1.00	Director	$0	$0	$0
KREGG CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
CURT GLASER	TREASURER	2.00	Officer Director	$0	$0	$0
JON HALBGEWACHS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JESSICA HOMOLKA	DIRECTOR	1.00	Director	$0	$0	$0
JIM KIRKBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA KOOTZ	SECRETARY	2.00	Officer Director	$0	$0	$0
JUSTIN LINDSLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARA OBERLE	DIRECTOR	1.00	Director	$0	$0	$0
AUBREY PTACEK	DIRECTOR	1.00	Director	$0	$0	$0
COLBY RICHARD	DIRECTOR	1.00	Director	$0	$0	$0
PETER SOLIE	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA STEVENSON	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$257,222	$241,470	$456,465	$15,752
2022	$259,244	$149,835	$440,763	$109,409

ELLSWORTH COUNTY ECONOMIC DEVELOPMENT CORPORATION