Goshen Economic Development (EIN 830284366) - 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

1987

Legal Domicile

Phone

3075325162

Tax Period

2024-09-01 to 2025-08-31

Goshen Economic Development, founded in 1987, is a small nonprofit that reported $890K in total revenue in fiscal year 2024. Net assets of $3.8M represent 52 months of operating reserves.

Mission

To facilitate business development and position communities for economic growth.

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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 $764,283

Program Service Revenue $118,701

Investment Income $2,149

Other Revenue $4,597

TOTAL REVENUE $889,730

Expense Breakdown

Grants Paid $186,842

Salaries & Benefits $351,818

Fundraising Expenses $21,065

Program Expenses $724,169

Other Expenses $369,636

TOTAL EXPENSES $908,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$889,730	$934,749	0.0%
Expenses	$908,296	$841,123	+0.1%
Net Income	$-18,566	$93,626	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Young	CEO	40.00		$105,000	$0	$105,000
Robert Taylor	Director	1.00	Director	$0	$0	$0
Kelly Sittner	Director	1.00	Director	$0	$0	$0
Ryan Kramer	Director	1.00	Director	$0	$0	$0
Deborah Alden	Director	1.00	Director	$0	$0	$0
Cactus Covello	Director	1.00	Director	$0	$0	$0
Rich Reyes	Director	1.00	Director	$0	$0	$0
Seth Norris	Director	1.00	Director	$0	$0	$0
Jeff Harkins	Director	1.00	Director	$0	$0	$0
Wade Bruch	Director	1.00	Director	$0	$0	$0
Joe Guth	Director	1.00	Director	$0	$0	$0
Steve Paisley	Director	1.00	Director	$0	$0	$0
Justin Loeffler	Director	1.00	Director	$0	$0	$0
Kyle Rafferty	Director	1.00	Director	$0	$0	$0
Jeffry Hawes	Director	1.00	Director	$0	$0	$0
Michael Schmitt	Director	1.00	Director	$0	$0	$0
Kurt Sittner	Director	1.00	Director	$0	$0	$0
Amy Lozano	Director	1.00	Director	$0	$0	$0
Jeff Carl	Director	1.00	Director	$0	$0	$0
Alessandro Meloni	Diector	1.00	Director	$0	$0	$0
Scott Prusia	Past President	2.00	Officer	$0	$0	$0
Jeff Jones	President	2.00	Officer	$0	$0	$0
Todd Peterson	Secretary	2.00	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	$889,730	$908,296	$3,874,957	$-18,566
2024	$934,749	$841,123	$3,927,788	$93,626
2023	$942,191	$851,798	$3,795,064	$90,393
2022	$797,465	$750,935	$3,773,555	$46,530
2021	$767,210	$825,854	$3,667,157	$-58,644
2020	$909,424	$840,906	$3,772,040	$68,518
2019	$761,485	$923,528	$3,680,369	$-162,043
2018	$728,217	$773,522	$3,817,317	$-45,305

Goshen Economic Development