INDIAN WELLS ECONOMIC DEVELOPMENT CORPORATION (EIN 823656551) - 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

2017

Legal Domicile

Principal Officer

Scott O'Neil

Phone

7603858811

Tax Period

2021-01-01 to 2021-12-31

INDIAN WELLS ECONOMIC DEVELOPMENT CORPORATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $136K in total revenue in fiscal year 2021. Revenue surged 261% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 50% operating margin.

Mission

To enhance the local economy and quality of life for the Indian Wells Valley.

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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 $34,800

Program Service Revenue $0

Investment Income $100,714

Other Revenue $0

TOTAL REVENUE $135,514

Expense Breakdown

Grants Paid $50,368

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,075

Other Expenses $17,611

TOTAL EXPENSES $67,979

Year-over-Year Comparison

	2021	2020	Change
Revenue	$135,514	$37,523	+2.6%
Expenses	$67,979	$31,000	+1.2%
Net Income	$67,535	$6,523	+9.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER ELLIS	CHAIR/PRESIDENT	3	Officer Director	$0	$0	$0
DANIEL SPURGEON	VICE CHAIR	1	Director	$0	$0	$0
JAMES SUVER	TREASURER/CFO	0.2	Officer Director	$0	$0	$0
DONNA HOCKER	SECRETARY	3	Officer Director	$0	$0	$0
SCOTT ONEIL	EXECUTIVE DIRECTOR	20	Officer Director	$0	$0	$0
JOHN WATKINS	DIRECTOR	0.2	Director	$0	$0	$0
STUART WITT	DIRECTOR	0.2	Director	$0	$0	$0
DAVE OSTASH	DIRECTOR	0.2	Officer Director	$0	$0	$0
ANDY CORZINE	DIRECTOR	0.2	Officer Director	$0	$0	$0
DON ZDEBA	DIRECTOR	0.2	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
2021	$135,514	$67,979	$143,199	$67,535
2020	$37,523	$31,000	$325,664	$6,523
2019	$347,895	$69,011	$315,867	$278,884

INDIAN WELLS ECONOMIC DEVELOPMENT CORPORATION