HAINES ECONOMIC DEVELOPMENT CORPORATION (EIN 822157210) - 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

DARSIE CULBECK

Phone

9077663130

Tax Period

2021-07-01 to 2022-06-30

HAINES ECONOMIC DEVELOPMENT CORPORATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $358K in total revenue in fiscal year 2021. Revenue surged 227% from the prior year, signaling strong growth momentum. Expenses of $469K exceeded revenue, resulting in a 31% operating deficit.

Mission

LESSENING THE BURDEN OF GOVERNMENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $98,703

Program Service Revenue $259,043

Investment Income $0

Other Revenue $0

TOTAL REVENUE $357,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,245

Fundraising Expenses $0

Program Expenses $415,875

Other Expenses $425,245

TOTAL EXPENSES $469,490

Year-over-Year Comparison

	2021	2020	Change
Revenue	$357,746	$109,420	+2.3%
Expenses	$469,490	$74,473	+5.3%
Net Income	$-111,744	$34,947	-4.2%

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

$10,463

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY ANDERSEN	PRIOR EXEC.D	25.00	Officer	$6,750	$0	$6,750
LEE HART	PRIOR EXEC.D	15.00	Officer	$3,713	$0	$3,713
GREG SCHLACHTER	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUE CHASEN	VICE-PRESIDE	5.00	Officer Director	$0	$0	$0
JESSICA EDWARDS	SECRETARY	5.00	Officer Director	$0	$0	$0
PHILLIP LENDE	TREASURER	5.00	Officer Director	$0	$0	$0
DARSIE CULBECK	DIRECTOR	5.00	Director	$0	$0	$0
SEAN GAFFNEY	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT HANSEN	DIRECTOR	5.00	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
2022	$357,746	$469,490	$30,078	$-111,744

HAINES ECONOMIC DEVELOPMENT CORPORATION