KOSCIUSKO COMMUNITY DEVELOPMENT CO… - Form 990 Financial Data

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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

PEGGY FRIDAY

Phone

5743064119

Tax Period

2024-01-01 to 2024-12-31

KOSCIUSKO COMMUNITY DEVELOPMENT CORPORATION, founded in 2019, is a small nonprofit that reported $131K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $326K exceeded revenue, resulting in a 150% operating deficit.

Mission

TO BENEFIT, PERFORM, AND CARRY OUT THE CHARITABLE, EDUCATIONAL, RECREATIONAL, AND OTHER PUBLIC PURPOSES OF KOSCIUSKO COUNTY, INDIANA.

Program Service Accomplishments

Program 1

Expenses: $326,194 Revenue: $73,510

ENCOURAGE, SUPPORT, AND ASSIST IN ACTIVITIES, PROJECT, AND PROGRAMS THAT FURTHER SOCIAL, CULTURAL, AND ECONOMIC DEVELOPMENT, REDEVELOPMENT AND REHABILITATION IN AND AROUND THE COUNTY.

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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 $45,952

Program Service Revenue $73,510

Investment Income $0

Other Revenue $11,137

TOTAL REVENUE $130,599

Expense Breakdown

Grants Paid $213,332

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $326,194

Other Expenses $112,862

TOTAL EXPENSES $326,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,599	$139,446	-0.1%
Expenses	$326,194	$113,934	+1.9%
Net Income	$-195,595	$25,512	-8.7%

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

N/A

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

$71,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY FRIDAY	EXECUTIVE DI	40.00	Officer	$0	$5,983	$71,675
TRAVIS CHRISTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KISSANE	SECRETARY	1.00	Officer Director	$0	$0	$0
BRUCE SHAFFNER	DIRECTOR	1.00	Director	$0	$0	$0
NATISHA WOODS	DIRECTOR	1.00	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	$130,599	$326,194	$1,796,392	$-195,595
2023	$139,446	$113,934	$1,852,170	$25,512
2022	$110,404	$119,311	$1,907,275	$-8,907

KOSCIUSKO COMMUNITY DEVELOPMENT CORPORATION