Spencer Community Economic Development Inc (EIN 841853926) - 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

Phone

4023401705

Tax Period

2024-01-01 to 2024-12-31

Spencer Community Economic Development Inc, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $27K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 53% operating margin.

Mission

To promote economic development in Spencer, NE

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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 $760

Program Service Revenue $0

Investment Income $22,167

Other Revenue $3,871

TOTAL REVENUE $26,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,899

Other Expenses $12,686

TOTAL EXPENSES $12,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,798	$1,073,586	-1.0%
Expenses	$12,686	$25,297	-0.5%
Net Income	$14,112	$1,048,289	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Kelli Lechtenberg	Director	Director	$0	$0	$0
Carol Eilers	President	Director	$0	$0	$0
Melanie Black	Secretary	Director	$0	$0	$0
Tracy Birmeier	Treasurer	Director	$0	$0	$0
Marilou Placek	Director	Director	$0	$0	$0
Tracy Goesch	Vice President	Director	$0	$0	$0
Leslie Nielsen	Director	Director	$0	$0	$0
Jacky Hoffman	Director	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	$26,798	$12,686	$1,152,886	$14,112
2023	$1,073,586	$25,297	$1,138,774	$1,048,289

Spencer Community Economic Development Inc