GREATER LAFAYETTE COMMERCE COMM AND ECONOMIC DEVELOPMENT FOUNDATION (EIN 813745360) - 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

TOM MURTAUGH

Phone

7657424044

Tax Period

2023-01-01 to 2023-12-31

GREATER LAFAYETTE COMMERCE COMM AND ECONOMIC DEVELOPMENT FOUNDATION, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 213% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO CONDUCT, SUPPORT, ENCOURAGE, AND ASSIST THE COMMON GOOD AND WELFARE OF THE CITIZENS OF LAFAYETTE, WEST LAFAYETTE, TIPPECANOE COUNTY AND THE WEST CENTRAL REGION OF INDIANA IT SERVES. IN ADDITION, 1) THE FOUNDATION OPERATES AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND BENEFIT OF LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION (D/B/A GREATER LAFAYETTE COMMERCE) TO SOLICIT FUNDS TO SUPPORT ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS AND PROJECTS OF GREATER LAFAYETTE COMMERCE, 2)TO SOLICIT CHARITABLE CONTRIBUTIONS AND OTHER FUNDS FOR AND TO PROVIDE OTHER BENEFITS FOR THE SUPPORT AND BENEFIT OF AND IN CONJUNCTION WITH ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS AND PROJECTS OF GREATER LAFAYETTE COMMERCE, AND 3)TO COOPERATE, COLLABORATE AND WORK WITH OTHER ORGANIZATIONS INCLUDING, BUT NOT LIMITED TO, GREATER LAFAYETTE COMMERCE TO PURSUE AND ACHIEVE THE PURPOSES SET OUT ABOVE.

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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 $6,226,858

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,226,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,311

Fundraising Expenses $0

Program Expenses $5,991,967

Other Expenses $5,842,899

TOTAL EXPENSES $6,057,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,226,858	$1,986,864	+2.1%
Expenses	$6,057,210	$4,283,800	+0.4%
Net Income	$169,648	$-2,296,936	-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

N/A

Volunteers

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

$247,465

Total Directors

$247,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WALKER	PRESIDENT &	40.00	Officer Director	$0	$45,521	$247,465
TOM MURTAUGH	CHAIR	0.50	Officer Director	$0	$0	$0
RACHEL HAZARAY	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ROBERT SMITH	TREASURER	0.50	Officer Director	$0	$0	$0
JIM OLDS	SECRETARY	0.50	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	No data	No data	No data	No data
2023	$6,226,858	$6,057,210	$2,726,021	$169,648
2022	$1,986,864	$4,283,800	$646,679	$-2,296,936
2021	$512,933	$267,402	$2,061,774	$245,531
2020	$3,901	$143,667	$1,834,852	$-139,766
2019	$63,591	$155,478	$2,000,669	$-91,887
2018	$1,921,134	$236,825	$1,995,177	$1,684,309

GREATER LAFAYETTE COMMERCE COMM AND ECONOMIC DEVELOPMENT FOUNDATION