CASPER AREA ECONOMIC DEVELOPMENT ALLIANCE INC DBA ADVANCE CASPER (EIN 830279892) - 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

1986

Legal Domicile

Principal Officer

JUSTIN FARLEY

Phone

3075777011

Tax Period

2024-07-01 to 2025-06-30

CASPER AREA ECONOMIC DEVELOPMENT ALLIANCE INC DBA ADVANCE CASPER, founded in 1986, is a small nonprofit that reported $942K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Net assets of $4.6M represent 59 months of operating reserves.

Mission

ECONOMIC DEVELOPMENT IN THE CASPER, WYOMING AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $671,821

Program Service Revenue $0

Investment Income $110,892

Other Revenue $158,833

TOTAL REVENUE $941,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,012

Fundraising Expenses $0

Program Expenses $970,863

Other Expenses $700,851

TOTAL EXPENSES $970,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$941,546	$1,696,816	-0.4%
Expenses	$970,863	$889,193	+0.1%
Net Income	$-29,317	$807,623	-1.0%

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

$130,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK MCNAMEE	DIRECTOR	1.00	Director	$0	$0	$0
GLENN JANUSKA	DIRECTOR	1.00	Director	$0	$0	$0
LESHA THORVALDSON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON KOSINE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
JOANN SKEIM-TRUE	DIRECTOR	1.00	Director	$0	$0	$0
GREYSON BUCKINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
TINA HOEBELHEINRICH	DIRECTOR	1.00	Director	$0	$0	$0
SHANE PORTER	DIRECTOR	1.00	Director	$0	$0	$0
CARTER NAPIER	DIRECTOR	1.00	Director	$0	$0	$0
LANCE PORTER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN HURLESS	DIRECTOR	1.00	Director	$0	$0	$0
LEAH REEB VARELA	DIRECTOR	1.00	Director	$0	$0	$0
JIM MILNE	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY FUNK	DIRECTOR	1.00	Director	$0	$0	$0
TYLER DAUGHERTY	DIRECTOR	1.00	Director	$0	$0	$0
KAYCEE WIITA	DIRECTOR	1.00	Director	$0	$0	$0
TASSMA POWERS	SECRETARY	1.00	Officer	$0	$0	$0
JUSTIN FARLEY	PRESIDENT/CEO	40.00	Officer	$130,400	$0	$130,400
BEAU COVERT	TREASURER	1.00	Officer	$0	$0	$0
MIKE STEPP	VICE CHAIR	1.00	Officer	$0	$0	$0
KERMIT WILLE	CHAIRMAN	10.00	Officer	$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
2025	$941,546	$970,863	$4,848,103	$-29,317
2024	$1,696,816	$889,193	$4,742,352	$807,623
2023	$878,368	$1,269,586	$3,859,404	$-391,218
2022	$940,986	$821,053	$4,325,572	$119,933
2021	$773,125	$585,749	$4,046,840	$187,376
2020	$-13,913	$550,055	$3,830,314	$-563,968
2019	$755,999	$543,764	$4,487,933	$212,235

CASPER AREA ECONOMIC DEVELOPMENT ALLIANCE INC DBA ADVANCE CASPER