MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC

EIN: 731263634 501(c)(3) Community Improvement

MIAMI, OK

Total Revenue
$-435,614
Total Expenses
$172,640
Total Assets
$2,954,075
Net Assets
$2,948,956
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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
1985
Principal Officer
SHANNON DUHON
Phone
9185428405
Tax Period
2023-01-01 to 2023-12-31

MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC, founded in 1985, is a micro nonprofit in the Community Improvement sector that reported $436K in total revenue in fiscal year 2023. Revenue fell 1379% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE EXPANSION AND LOCATION ASSISTANCE TO EXISTING AND NEW BUSINESSES IN NORTHEASTERN OKLAHOMA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $107,950
Program Service Revenue $43,811
Investment Income $-596,795
Other Revenue $9,420
TOTAL REVENUE $-435,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,408
Fundraising Expenses $0
Program Expenses $23,604
Other Expenses $93,232
TOTAL EXPENSES $172,640

Year-over-Year Comparison

2023 2022 Change
Revenue $-435,614 $34,046 -13.8%
Expenses $172,640 $24,200 +6.1%
Net Income $-608,254 $9,846 -62.8%
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

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Governance

Voting Members
15
Independent Members
15
Employees
1
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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANNON DUHON DIRECTOR 40.00
Director
$0 $0 $0
HEATHER LILLARD CHAIRPERSON 1.00
Officer Director
$0 $0 $0
BRETT HAYES VICE-CHAIR 1.00
Officer Director
$0 $0 $0
AMANDA DAVIS TREASURER 1.00
Officer Director
$0 $0 $0
ART COUSATTE MEMBER 1.00
Director
$0 $0 $0
NICK BOWERS MEMBER 1.00
Director
$0 $0 $0
BLAKE FLAMING MEMBER 1.00
Director
$0 $0 $0
MIKE FURNAS MEMBER 1.00
Director
$0 $0 $0
CRAIG HARPER MEMBER 1.00
Director
$0 $0 $0
MICHAEL HART MEMBER 1.00
Director
$0 $0 $0
NICK HIGHSMITH MEMBER 1.00
Director
$0 $0 $0
BO REESE MEMBER 1.00
Director
$0 $0 $0
DR KYLE STAFFORD MEMBER 1.00
Director
$0 $0 $0
SHON TAYLOR MEMBER 1.00
Director
$0 $0 $0
CAMERON WILKINS MEMBER 1.00
Director
$0 $0 $0
KIRK WILLIAMS MEMBER 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 $-435,614 $172,640 $2,954,075 $-608,254
2022 $34,046 $24,200 $4,410,039 $9,846
2021 $212,165 $252,092 $4,355,656 $-39,927
2020 $210,366 $247,216 $4,594,665 $-36,850
2019 $218,255 $232,728 $4,950,552 $-14,473
2018 $226,330 $286,295 $5,002,199 $-59,965
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