LINCOLN COUNTY ECONOMIC DEV FOUNDATION (EIN 481207971) - 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

1998

Legal Domicile

Phone

7855248954

Tax Period

2023-01-01 to 2023-12-31

LINCOLN COUNTY ECONOMIC DEV FOUNDATION, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $223K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $247K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ENCOURAGE AND SUPPORT ECONOMIC DEVELOPMENT IN LINCOLN 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 (2023)

Revenue Breakdown

Contributions & Grants $215,487

Program Service Revenue $675

Investment Income $6,155

Other Revenue $750

TOTAL REVENUE $223,067

Expense Breakdown

Grants Paid $98,422

Salaries & Benefits $136,427

Fundraising Expenses $0

Program Expenses $98,422

Other Expenses $12,589

TOTAL EXPENSES $247,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,067	$189,950	+0.2%
Expenses	$247,438	$182,045	+0.4%
Net Income	$-24,371	$7,905	-4.1%

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

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
KELLY GOURLEY	Director	45.00		$61,163	$0	$61,163
TIM MEIER	President & CEO	5.00	Director	$0	$0	$0
CRAIG STERTZ	Vice President	5.00	Director	$0	$0	$0
BARB RATHBUN	Secretary	2.00	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	$223,067	$247,438	$818,512	$-24,371
2022	$189,950	$182,045	$849,023	$7,905
2021	$205,676	$129,739	$804,004	$75,937
2020	$161,507	$135,201	$732,252	$26,306
2019	$161,084	$174,965	$708,845	$-13,881

LINCOLN COUNTY ECONOMIC DEV FOUNDATION