DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION (EIN 730751819) - 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

1954

Legal Domicile

Principal Officer

LYLE ROGGOW

Phone

5802559675

Tax Period

2023-01-01 to 2023-12-31

DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION, founded in 1954, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.6M, a strong 63% operating margin.

Mission

TO CONTINUALLY INCREASE JOB OPPORTUNITIES AND THE DEVELOPMENT OF FAVORABLE BUSINESS CLIMATE AND WORKFORCE DEVELOPMENT PROGRAMS FOR THE BENEFIT OF THE COMMUNITY AND 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 $2,237,685

Program Service Revenue $0

Investment Income $65,701

Other Revenue $316,024

TOTAL REVENUE $2,619,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $409,258

Fundraising Expenses $0

Program Expenses $815,351

Other Expenses $567,519

TOTAL EXPENSES $976,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,619,410	$5,295,425	-0.5%
Expenses	$976,777	$1,000,538	0.0%
Net Income	$1,642,633	$4,294,887	-0.6%

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

$223,632

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYLE ROGGOW	PRESIDENT	40.00	Key Emp	$190,677	$32,955	$223,632
DENNIS LOAFMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RICK BRAUGHT	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
KEVIN STEWART	SECRETARY	1.00	Officer Director	$0	$0	$0
HAL LABYER	TREASURER	1.00	Officer Director	$0	$0	$0
BILL GOSSETT	DIRECTOR	1.00	Director	$0	$0	$0
BRYCE HOOPER	DIRECTOR	1.00	Director	$0	$0	$0
JP PEACOCK	DIRECTOR	1.00	Director	$0	$0	$0
CHAD SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JAY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY KIRKLAND	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY MEEK	DIRECTOR	1.00	Director	$0	$0	$0
MAYOR ROBERT ARMSTRONG	EX-OFFICIO B	1.00	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	$2,619,410	$976,777	$23,883,296	$1,642,633
2022	$5,295,425	$1,000,538	$23,270,970	$4,294,887
2021	$1,196,621	$719,533	$17,943,568	$477,088
2020	$1,169,335	$1,222,550	$17,794,309	$-53,215
2019	$769,559	$698,510	$18,220,395	$71,049
2018	$1,944,842	$739,902	$18,765,513	$1,204,940

DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION