MADISON COUNTY ECONOMIC DEVELOPMENT CORP (EIN 742859317) - 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

1997

Legal Domicile

Principal Officer

DAVE WARD

Phone

9363490163

Tax Period

2022-10-01 to 2023-09-30

MADISON COUNTY ECONOMIC DEVELOPMENT CORP, founded in 1997, is a micro nonprofit in the Community Improvement sector that reported $49K in total revenue in fiscal year 2022. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 22% operating margin.

Mission

PROMOTE ECONOMIC DEVELOPMENT IN MADISON COUNTY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $29,000

Program Service Revenue $0

Investment Income $714

Other Revenue $19,015

TOTAL REVENUE $48,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,768

Fundraising Expenses $0

Other Expenses $19,038

TOTAL EXPENSES $37,806

Year-over-Year Comparison

	2022	2021	Change
Revenue	$48,729	$26,372	+0.8%
Expenses	$37,806	$32,073	+0.2%
Net Income	$10,923	$-5,701	-2.9%

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVE WARD	PRESIDENT	Officer Director	$0	$0	$0
CAMILLA VIATOR	VICE PRESIDENT	Officer Director	$0	$0	$0
JAKE CAIN	SECRETARY/TREASURER	Officer Director	$0	$0	$0
CLARK OSBORNE	MEMBER	Director	$0	$0	$0
DAVID POHORELSKY	MEMBER	Director	$0	$0	$0
KARL RADDE	MEMBER	Director	$0	$0	$0
BRENDA FORD	MEMBER	Director	$0	$0	$0
BILL PARTEN	MEMBER	Director	$0	$0	$0
KEITH WEST	MEMBER	Director	$0	$0	$0
MATT CLARK	MEMBER	Director	$0	$0	$0
TAMMY HOKE	MEMBER	Director	$0	$0	$0
GREG MCBEE	MEMBER	Director	$0	$0	$0
JOHN HARDY	MEMBER	Director	$0	$0	$0
ALAN ANDRUS	MEMBER	Director	$0	$0	$0
MINDY CROUCH	MEMBER	Director	$0	$0	$0
KOLBY WELLS	MEMBER	Director	$0	$0	$0
FABRICE KABONA	MEMBER	Director	$0	$0	$0
JOEL HARDY	MEMBER	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
2023	$48,729	$37,806	$354,096	$10,923
2022	$26,372	$32,073	$342,996	$-5,701
2021	$25,437	$40,176	$348,697	$-14,739

MADISON COUNTY ECONOMIC DEVELOPMENT CORP