PHILLCO ECONOMIC GROWTH COUNCIL

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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

KOURTNEY SIMONSON

Phone

4066545525

Tax Period

2023-01-01 to 2023-12-31

PHILLCO ECONOMIC GROWTH COUNCIL, founded in 1986, is a micro nonprofit that reported $47K in total revenue in fiscal year 2023. Expenses of $52K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MISSION OF PHILLCO ECONOMIC GROWTH COUNCIL IS THE PROMOTION OF ECONOMIC DEVLOPMENT AND THE QUALITY OF LIFE CONDUCIVE TO THE ECONOMIC GROWTH OF THE AREA.

Program Service Accomplishments

Program 1

THE HORIZONS PROGRAM IS THE COMING TOGETHER OF THE COMMUNITY TO MEET THE COMMUNITY NEEDS TODAY AND PLAN FOR THE FUTURE GROWTH OF THE COMMUNITY. LEADERSHIP PHILLIPS COUNTY TRAINS THE COUNTY LEADERS OF THE FUTURE. 12 WEEK NX LEVEL COURSE FOR NEW AND EXISTING BUSINESSES AND ASSISTANCE WITH BUSINESS PLANS. MBIDD (FORMER AIRPORT) PROVIDES A PLACE FOR INDUSTRY AND DEVELOPMENT.

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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 $20,000

Program Service Revenue $7,500

Investment Income $10,991

Other Revenue $8,540

TOTAL REVENUE $47,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,674

Fundraising Expenses $0

Program Expenses $52,104

Other Expenses $24,430

TOTAL EXPENSES $52,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,031	$44,174	+0.1%
Expenses	$52,104	$43,239	+0.2%
Net Income	$-5,073	$935	-6.4%

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
MARK KUNZE	DIRECTOR	1.00	Director	$0	$0	$0
SHANE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE SORLIE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARKO MANOUKIAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LANG	DIRECTOR	1.00	Director	$0	$0	$0
KOURTNEY SIMONSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
BONNIE WIEDERRICK	DIRECTOR	1.00	Director	$0	$0	$0
BOB GALT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE CHRISTOFFERSON	DIRECTOR	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	$47,031	$52,104	$1,053,357	$-5,073
2022	$44,174	$43,239	$1,058,650	$935
2021	$46,103	$65,475	$1,057,939	$-19,372
2020	$8,760	$81,349	$1,077,161	$-72,589
2019	$47,966	$43,702	$1,149,998	$4,264
2018	$64,636	$45,285	$1,144,461	$19,351