LEMHI COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC (EIN 810641530) - 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

1979

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

LEMHI COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $494K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

ECONOMIC DEVELOPMENT TO FOSTER NEW, PLUS RETAIN AND EXPAND EXISTING, BUSINESSES THUS ENHANCING WELL-BEING AND QUALITY OF LIFE FOR AREA RESIDENTS INCLUDING RESEARCH, GUIDANCE AND PROGRAMS FOR ECONOMIC GROWTH.

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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 $300,320

Program Service Revenue $193,566

Investment Income $0

Other Revenue $0

TOTAL REVENUE $493,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,421

Fundraising Expenses $0

Program Expenses $498,752

Other Expenses $213,331

TOTAL EXPENSES $498,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$493,886	$549,157	-0.1%
Expenses	$498,752	$486,546	+0.0%
Net Income	$-4,866	$62,611	-1.1%

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

$49,921

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY L STRINGHAM	EXEC DIRECTOR	40.00	Key Emp	$49,921	$0	$49,921
LEO MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
LEAH MADSEN	DIRECTOR	1.00	Director	$0	$0	$0
FRED WAIDLEY	CHAIRMAN	1.00	Officer	$0	$0	$0
ESTHER ENGLAND	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
JOE PROKSCH	TREASURER	1.00	Officer	$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	$493,886	$498,752	$470,329	$-4,866
2022	$549,157	$486,546	$475,959	$62,611
2021	$806,548	$813,299	$408,880	$-6,751
2020	$531,852	$399,009	$415,494	$132,843
2019	$517,769	$508,110	$264,082	$9,659
2018	$456,875	$415,920	$254,381	$40,955

LEMHI COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC