GREAT BEND ECONOMIC DEVELOPMENT INC (EIN 843800700) - 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

1999

Legal Domicile

Principal Officer

PAUL SNAPP

Phone

6207962407

Tax Period

2024-01-01 to 2024-12-31

GREAT BEND ECONOMIC DEVELOPMENT INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $805K in total revenue in fiscal year 2024. Expenses of $965K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE CORPORATION IS ORGANIZED TO PROMOTE AND SUPPORT ECONOMIC DEVELOPMENT FOR THE BENEFIT OF ALL CITIZENS OF GREAT BEND, KS AND THE SURROUNDING AREA. TO RECRUIT AND RETIAN INDUSTRIAL, RETAIL AND OTHER BUSINESSES TO GREAT BEND, KS AND SURROUNDING AREA. TO ENCOURAGE AND SUPPORT ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT IN GREAT BEND, KS AND THE SURROUNDING AREA. TO CREATE AND UTILIZE ECONOMIC METRICS AND INDICATORS. TO CONDUCT RELATED ECONOMIC DEVELOPMENT AND TO CONDUCT MARKETING, FOSTERING COMMUNICATION WITH TARGETED BUSINESSES AND INDUSTRIES.

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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 $789,949

Program Service Revenue $0

Investment Income $12,145

Other Revenue $2,879

TOTAL REVENUE $804,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,079

Fundraising Expenses $0

Other Expenses $748,985

TOTAL EXPENSES $965,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$804,973	$791,841	+0.0%
Expenses	$965,064	$474,675	+1.0%
Net Income	$-160,091	$317,166	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AJ CREST	BOARD MEMBER	N/A	Director	$0	$0	$0
RYAN FAIRCHILD	VICE CHAIR	N/A	Director	$0	$0	$0
MATT HISS	BOARD MEMBER	N/A	Director	$0	$0	$0
DENNIS NEELAND	SECRETARY	N/A	Officer Director	$0	$0	$0
PAUL SNAPP	CHAIR	N/A	Director	$0	$0	$0
MELEESA STUEDER	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN WORDER	TREASURER	N/A	Officer 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	$804,973	$965,064	$1,002,290	$-160,091
2023	$791,841	$474,675	$1,166,819	$317,166
2022	$894,171	$415,287	$1,171,987	$478,884
2021	$339,692	$214,548	$770,347	$125,144
2020	$232,522	$89,508	$144,940	$143,014

GREAT BEND ECONOMIC DEVELOPMENT INC