COLUMBUS ECONOMIC DEVELOPMENT CORPORATION INC (EIN 582014651) - 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

1991

Legal Domicile

Principal Officer

JACK KEY III

Phone

7063271566

Tax Period

2023-07-01 to 2024-06-30

COLUMBUS ECONOMIC DEVELOPMENT CORPORATION INC, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $714K in total revenue in fiscal year 2023. The organization ran a surplus of $698K, a strong 98% operating margin.

Mission

PROVIDE INCENTIVES AND OTHER SUPPORT AS WELL AS THE DEVELOPMENT OF PROPERTY FOR THE ECONOMIC BENEFIT OF THE CITY OF COLUMBUS AND THE SURROUNDING AREA.

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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 $347

Program Service Revenue $0

Investment Income $0

Other Revenue $713,450

TOTAL REVENUE $713,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $15,495

TOTAL EXPENSES $15,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$713,797	$672,796	+0.1%
Expenses	$15,495	$135,925	-0.9%
Net Income	$698,302	$536,871	+0.3%

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

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
CHRISTOPHER WOODRUFF	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JAMES RICK ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES E BUNTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN F HUGLEY	SECRETARY	5.00	Officer Director	$0	$0	$0
JACK KEY III	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ED HELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
AUDREY HOLLINGSWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES D JIMMY YANCEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PACE HALTER	TREASURER	5.00	Officer Director	$0	$0	$0
BRIAN SILLITTO	ASST SEC/ASST TREAS	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	$713,797	$15,495	$12,163,084	$698,302
2023	$672,796	$135,925	$11,660,107	$536,871
2022	$548,131	$267,363	$12,422,816	$280,768
2021	$549,587	$77,892	$12,454,571	$471,695
2020	$763,524	$481,276	$12,369,825	$282,248
2019	$6,045,332	$1,253,465	$12,324,082	$4,791,867

COLUMBUS ECONOMIC DEVELOPMENT CORPORATION INC