ECONOMIC DEVELOPMENT CORPORATION OF NORTH CENTRAL ILLINOIS (EIN 811082815) - 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

2016

Legal Domicile

Principal Officer

GINA CZUBACHOWSKI

Phone

8152240645

Tax Period

2023-06-01 to 2024-05-31

ECONOMIC DEVELOPMENT CORPORATION OF NORTH CENTRAL ILLINOIS, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $243K in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 26% operating margin.

Mission

To create shared prosperity and economic opportunity in the region by aggressively marketing locational advantages for business investment.

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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 $234,841

Program Service Revenue $0

Investment Income $2,600

Other Revenue $5,720

TOTAL REVENUE $243,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,582

Fundraising Expenses $0

Program Expenses $179,272

Other Expenses $52,690

TOTAL EXPENSES $179,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,161	$120,723	+1.0%
Expenses	$179,272	$136,205	+0.3%
Net Income	$63,889	$-15,482	-5.1%

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA CZUBACHOWSKI	CEO	40.00	Officer	$80,000	$0	$80,000
KEVIN KUNTZ	Secretary	5.00	Officer Director	$0	$0	$0
JOHN MCCORMICK	Treasurer	5.00	Officer Director	$0	$0	$0
TOM GANIERE	Vice Chairman	5.00	Officer Director	$0	$0	$0
J DAVID CONTERIO	Chairman	5.00	Officer 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	$243,161	$179,272	$232,737	$63,889
2021	$252,043	$220,539	$211,513	$31,504
2019	$262,245	$392,243	$262,187	$-129,998

ECONOMIC DEVELOPMENT CORPORATION OF NORTH CENTRAL ILLINOIS