NORTHWEST KANSAS ECONOMIC INNOVATION CENTER INC (EIN 811203323) - 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

SCOTT SPROUL

Phone

7858745150

Tax Period

2020-01-01 to 2020-12-31

NORTHWEST KANSAS ECONOMIC INNOVATION CENTER INC, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2020. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 75% operating margin.

Mission

TO RECEIVE AND ADMINISTER FUNDS AND PROPERTY AND CONDUCT ACTIVITIES EXCLUSIVELY FOR CHARITABLE PURPOSES, SPECIFICALLY INCLUDING ENCOURAGING AND FACILITATING ECONOMIC DEVELOPMENT IN RURAL AND ECONOMICALLY DEPRESSED AREAS OF KANSAS, PRIMARILY IN THE 26 COUNTIES COMPRISING NORTHWEST KANSAS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,700,000

Program Service Revenue $0

Investment Income $13,524

Other Revenue $81,966

TOTAL REVENUE $3,795,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,548

Fundraising Expenses $0

Program Expenses $918,719

Other Expenses $689,371

TOTAL EXPENSES $964,919

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,795,490	$2,440,178	+0.6%
Expenses	$964,919	$735,510	+0.3%
Net Income	$2,830,571	$1,704,668	+0.7%

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

N/A

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

$154,782

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SPROUL	CEO	40.00	Officer	$154,782	$0	$154,782
JENNY RUSSELL	Director	0.00	Director	$3,000	$0	$3,000
MARK LOWRY	President	0.00	Officer Director	$0	$0	$0
MIKE POSSON	Vice President	0.00	Officer Director	$0	$0	$0
MIKE MICHAELIS	Secretary	0.00	Officer Director	$0	$0	$0
DOUG ALBIN	Treasurer	0.00	Officer Director	$0	$0	$0
MICHELLE FOOTE	Director	0.00	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
2020	$3,795,490	$964,919	$7,818,594	$2,830,571

NORTHWEST KANSAS ECONOMIC INNOVATION CENTER INC