MORGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 840565221) - 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

1962

Legal Domicile

Principal Officer

TRAVIS LEFEVER

Phone

9705423527

Tax Period

2023-01-01 to 2023-12-31

MORGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1962, is a small nonprofit that reported $185K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE MORGAN COUNTY BY SERVING AS THE PRIMARY COORDINATOR OF INFORMATION AND RESOURCES FOR NEW AND EXPANDING BUSINESSES TO OPTIMIZE THE ACTIVITIES OF ECONOMIC AND COMMUNITY DEVELOPMENT FOR THE ENRICHMENT OF ITS BUSINESSES AND RESIDENTS.

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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 $169,357

Program Service Revenue $0

Investment Income $2,690

Other Revenue $12,919

TOTAL REVENUE $184,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,872

Fundraising Expenses $0

Program Expenses $92,786

Other Expenses $58,004

TOTAL EXPENSES $183,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,966	$153,454	+0.2%
Expenses	$183,876	$139,896	+0.3%
Net Income	$1,090	$13,558	-0.9%

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
TOM ACRE	DIRECTOR	1.00	Director	$0	$0	$0
JON BECKER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BLECHA	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN CLIFFORD-BASIL	EXECUTIVE DI	40.00	Director	$0	$0	$0
SANDY ENGLE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HOLDER	DIRECTOR	1.00	Director	$0	$0	$0
ERICK MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
KRIS MUSGRAVE	DIRECTOR	1.00	Director	$0	$0	$0
TYLER PURVIS	DIRECTOR	1.00	Director	$0	$0	$0
DONNA SHAVER	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS LEFEVER	PRESIDENT	1.00	Officer	$0	$0	$0
CLAY MILLER	TREASURER	1.00	Officer	$0	$0	$0
SELIA PEREZ	VICE PRESIDE	1.00	Officer	$0	$0	$0
JOHN SNEED	PAST PRESIDE	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$184,966	$183,876	$348,987	$1,090
2022	$153,454	$139,896	$345,154	$13,558
2021	$172,121	$117,366	$331,878	$54,755
2020	$157,618	$86,632	$275,969	$70,986
2019	$102,134	$100,790	$202,346	$1,344
2018	$107,838	$115,878	$202,232	$-8,040

MORGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION