TUSCARAWAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC (EIN 832415277) - 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

2019

Legal Domicile

Principal Officer

MARLA AKRIDGE

Phone

3032045210

Tax Period

2023-01-01 to 2023-12-31

TUSCARAWAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC, founded in 2019, is a small nonprofit in the Social Science sector that reported $385K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS DEDICATED TO STRENGTHENING THE ECONOMY IN TUSCARAWAS COUNTY. THE EDC PROVIDES A WIDE RANGE OF FINANCIAL TOOLS, ECONOMIC DEVELOPMENT RESOURCES, AND INFORMATION TO COMMERCIAL BUSINESSES AND BUILDERS IN THE COUNTY. THE EDC MANAGES THE ECONOMIC DEVELOPMENT & FINANCE ALLIANCE (EDFA) AND COMMUNITY IMPROVEMENT CORPORATION (CIC) OF TUSCARAWAS COUNTY, SERVING AS YOUR ONE POINT OF CONTACT FOR ECONOMIC DEVELOPMENT.

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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 $42,460

Program Service Revenue $342,585

Investment Income $0

Other Revenue $0

TOTAL REVENUE $385,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,329

Fundraising Expenses $0

Program Expenses $389,316

Other Expenses $84,591

TOTAL EXPENSES $402,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$385,045	$388,316	0.0%
Expenses	$402,920	$418,566	0.0%
Net Income	$-17,875	$-30,250	-0.4%

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

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

$278,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE HOVAN	DIRECTOR	2.00	Officer Director	$0	$0	$0
STEVE STOKEY	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DOUG PETERMAN SR	TREASURER	2.00	Officer Director	$0	$0	$0
SHANE GUNNOE	DIRECTOR	1.00	Director	$0	$0	$0
JOEL DAY	DIRECTOR	1.00	Director	$0	$0	$0
JIM ZUCAL	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN ZEMIS	DIRECTOR	1.00	Director	$0	$0	$0
KERRY METZGER	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY BIELSKI	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE SPECHT	DIRECTOR	1.00	Director	$0	$0	$0
MARC NOLEN	DIRECTOR	1.00	Director	$0	$0	$0
TOM ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
RICK KIMBLE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY TROYER	DIRECTOR	1.00	Director	$0	$0	$0
JAROD LAWVER	DIRECTOR	1.00	Director	$0	$0	$0
ROD RAFAEL	DIRECTOR	1.00	Director	$0	$0	$0
JON FONDRIEST	DIRECTOR	1.00	Director	$0	$0	$0
SARAH ANDREAS	CHAIRPERSON	1.00	Director	$0	$0	$0
JINA DUPLAIN	DIRECTOR	1.00	Director	$0	$0	$0
MARLA AKRIDGE	ACTING SECRETARY / EXECDIR	40.00	Officer	$124,965	$18,829	$143,794
JC SHIVELY	BUSINESS DEVELOPMENT DIREC	40.00	Officer	$58,400	$10,825	$69,225
JOHN KELLY	BUSINESS DEVELOPMENT DIREC	40.00	Officer	$55,304	$10,176	$65,480

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	$385,045	$402,920	$89,417	$-17,875
2022	$388,316	$418,566	$99,497	$-30,250
2021	$382,540	$394,470	$139,805	$-11,930
2020	$467,581	$370,586	$144,019	$96,995
2019	$380,750	$339,558	$44,299	$41,192

TUSCARAWAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC