LARAMIE ECONOMIC DEVELOPMENT CORPORATION (EIN 830276231) - 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

1985

Legal Domicile

Principal Officer

MICHAEL B ENZI II

Phone

3077422212

Tax Period

2023-01-01 to 2023-12-31

LARAMIE ECONOMIC DEVELOPMENT CORPORATION, founded in 1985, is a micro nonprofit that reported $29K in total revenue in fiscal year 2023.

Mission

TO ESTABLISH A COMPREHENSIVE ECONOMIC DEVELOPMENT PROGRAM FOR THE LARAMIE AREA, WHICH WILL FOSTER BALANCED GROWTH AND ENHANCE THE WELFARE OF THE CITIZENS.

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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 $20,000

Program Service Revenue $0

Investment Income $268

Other Revenue $-48,885

TOTAL REVENUE $-28,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71

Other Expenses $71

TOTAL EXPENSES $71

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-28,617	$-23,476	+0.2%
Expenses	$71	$70	+0.0%
Net Income	$-28,688	$-23,546	+0.2%

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

N/A

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

$165,274

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL B ENZI II	CEO	40.00	Officer	$0	$5,034	$165,274
EFFIE BADER	SECRETARY	0.25	Officer Director	$0	$0	$0
DAVE COFFEY	BOARD MEMBER	0.25	Director	$0	$0	$0
RANDI DOWNHAM	BOARD MEMBER	0.25	Director	$0	$0	$0
DOUG FAUS	BOARD MEMBER	0.25	Director	$0	$0	$0
WARREN GREASER	BOARD MEMBER	0.25	Director	$0	$0	$0
WALT HAMMONTREE	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVE KRAUSE	BOARD MEMBER	0.25	Director	$0	$0	$0
REBECCA MILLER	CHAIR	0.25	Officer Director	$0	$0	$0
ROLF PETERSON	VICE CHAIR	0.25	Officer Director	$0	$0	$0
PATRICK PURCELL	BOARD MEMBER	0.25	Director	$0	$0	$0
KURT TUGGLE	TREASURER	0.25	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	$-28,617	$71	$3,705,541	$-28,688
2022	$-23,476	$70	$3,840,963	$-23,546
2021	$15,172	$27,438	$3,923,749	$-12,266
2020	$24,487	$29,697	$3,980,635	$-5,210
2019	$98,789	$26,339	$4,087,930	$72,450

LARAMIE ECONOMIC DEVELOPMENT CORPORATION