PRATT AREA ECONOMIC DEVELOPMENT COR (EIN 481160138) - 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

1994

Legal Domicile

Principal Officer

CHASE GALLE

Phone

6206725501

Tax Period

2024-01-01 to 2024-12-31

PRATT AREA ECONOMIC DEVELOPMENT COR, founded in 1994, is a micro nonprofit that reported $67K in total revenue in fiscal year 2024. Expenses of $374K exceeded revenue, resulting in a 455% operating deficit.

Mission

TO CREATE AN ATMOSPHERE CONDUCIVE TO BUSINESS AND JOB CREATION AND EXPANSION WITHIN PRATT COUNTY, KS

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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 $60,000

Investment Income $7,344

Other Revenue $0

TOTAL REVENUE $67,344

Expense Breakdown

Grants Paid $330,345

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,345

Other Expenses $43,692

TOTAL EXPENSES $374,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,344	$66,723	+0.0%
Expenses	$374,037	$157,720	+1.4%
Net Income	$-306,693	$-90,997	+2.4%

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

N/A

Employees

N/A

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
CHASE GALLE	PRESIDENT	N/A	Officer Director	$0	$0	$0
CASEY GARTEN	BOARD MEMBER	N/A	Director	$0	$0	$0
DAKOTA HOLTGRIEVE	BOARD MEMBER	N/A	Director	$0	$0	$0
LINDA LANTERMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JACKIE MUNDT	SECRETARY	N/A	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	No data	No data	No data	No data
2024	$67,344	$374,037	$312,126	$-306,693
2023	$66,723	$157,720	$515,257	$-90,997
2022	$61,225	$183,826	$573,254	$-122,601
2021	$85,620	$126,955	$695,855	$-41,335
2020	$106,206	$20,558	$737,190	$85,648
2019	$127,548	$92,168	$718,542	$35,380
2018	$110,732	$58,920	$655,162	$51,812

PRATT AREA ECONOMIC DEVELOPMENT COR