WEBSTER COUNTY ECONOMIC DEVELOPMENT (EIN 611155497) - 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

1986

Legal Domicile

Principal Officer

NICHOLAS WHITLEDGE

Phone

2706395042

Tax Period

2024-07-01 to 2025-06-30

WEBSTER COUNTY ECONOMIC DEVELOPMENT, founded in 1986, is a micro nonprofit that reported $414 in total revenue in fiscal year 2024. Expenses of $866 exceeded revenue, resulting in a 109% operating deficit.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN WEBSTER COUNTY BY CREATING OPPORTUNITIES IN CONJUNCTION WITH OTHER ORGANIZATIONS TO OBTAIN GRANTS AND PROVIDE SEED MONEY TO NEW AND EXISTING BUSINESSES UNDER STATE MANDATED GUIDELINES FOR SUCH MONIES.

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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 $15

Program Service Revenue $0

Investment Income $399

Other Revenue $0

TOTAL REVENUE $414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $866

TOTAL EXPENSES $866

Year-over-Year Comparison

	2024	2023	Change
Revenue	$414	N/A	N/A
Expenses	$866	N/A	N/A
Net Income	$-452	N/A	N/A

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
NICHOLAS WHITLEDGE	CHAIRMAN	N/A	Director	$0	$0	$0
MICHAEL FARRIS	OFFICER	N/A	Director	$0	$0	$0
SHELLIE K UTLEY	TREASURER	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	$414	$866	$61,721	$-452
2024	$404	$813	$62,176	$-409
2023	$424	$55,075	$62,585	$-54,651
2022	$22,798	$3,089,719	$117,236	$-3,066,921
2021	$55,145	$3,805	$3,184,157	$51,340
2020	$62,041	$6,044	$3,132,817	$55,997
2019	$88,214	$265,403	$3,076,820	$-177,189

WEBSTER COUNTY ECONOMIC DEVELOPMENT