WICHITA COUNTY ECONOMIC DEVELOPMENT

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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

1996

Legal Domicile

Principal Officer

AIMEE BURCH

Phone

6203752182

Tax Period

2023-01-01 to 2023-12-31

WICHITA COUNTY ECONOMIC DEVELOPMENT, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $285K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Net assets of $1.3M represent 53 months of operating reserves.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF WICHITA COUNTY, KS THROUGH COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $255,808

VARIOUS OTHER PROGRAMS THAT PROMOTE EXISTING BUSINESSES IN WICHITA COUNTY. ALL BUSINESSES IN THE COMMUNITY BENEFIT FROM THESE PROGRAMS.

Program 2

Expenses: $35,050 Revenue: $4,610

TO DEVELOP AND CREATE LOCATIONS IN WICHITA COUNTY, KS THAT START-UP BUSINESSES CAN USE TO BEGIN THEIR BUSINESS VENTURE. THE CORPORATION OWNS VARIOUS PROPERTIES IN WICHITA COUNTY AND IMPROVES THEM TO...

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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 $249,786

Program Service Revenue $4,610

Investment Income $30,717

Other Revenue $0

TOTAL REVENUE $285,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,236

Fundraising Expenses $0

Program Expenses $290,858

Other Expenses $253,876

TOTAL EXPENSES $301,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,113	$336,975	-0.2%
Expenses	$301,112	$499,296	-0.4%
Net Income	$-15,999	$-162,321	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE BURCH	PRESIDENT	1.00	Officer Director	$0	$0	$0
KELMA BURCH	DIRECTOR	1.00	Director	$0	$0	$0
COLE CARPENTER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WYATT GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN HARBRIGE	SECRETARY	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$285,113	$301,112	$1,271,421	$-15,999
2022	$336,975	$499,296	$1,291,187	$-162,321
2021	$301,303	$454,173	$1,452,362	$-152,870
2020	$546,149	$220,873	$1,604,066	$325,276
2019	$212,161	$147,042	$1,278,017	$65,119
2018	$65,911	$70,320	$1,210,624	$-4,409