DOUGLAS UNITE ECONOMIC DEVELOPMENT INC (EIN 844160312) - 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

GARY MILLER

Phone

6788383665

Tax Period

2024-01-01 to 2024-12-31

DOUGLAS UNITE ECONOMIC DEVELOPMENT INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $463K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $429K left a modest 7% surplus.

Mission

THE ENTITY IS FOCUSED ON CULTIVATING A ROBUST BUSINESS ENVIRONMENT IN DOUGLAS 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 $462,520

Program Service Revenue $0

Investment Income $14

Other Revenue $0

TOTAL REVENUE $462,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,801

Other Expenses $428,799

TOTAL EXPENSES $428,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,534	$527,429	-0.1%
Expenses	$428,799	$448,658	0.0%
Net Income	$33,735	$78,771	-0.6%

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

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
LESLIE CHOO	DIRECTOR	1.00	Director	$0	$0	$0
NADIA FAUCETTE	DIRECTOR,SEC	1.00	Officer Director	$0	$0	$0
SHANDRON FORTE	DIRECTOR	1.00	Director	$0	$0	$0
KYLE GABLE	DIRECTOR	1.00	Director	$0	$0	$0
ROMONA JACKSON-JONES	DIRECTOR, EX	1.00	Director	$0	$0	$0
GARY MILLER	DIRECTOR,CHA	1.00	Officer Director	$0	$0	$0
TRENT NORTH	DIRECTOR, EX	1.00	Director	$0	$0	$0
TREVOR QUANDER	DIRECTOR	1.00	Director	$0	$0	$0
ROCHELLE ROBINSON	DIRECTOR, EX	1.00	Director	$0	$0	$0
GIL SHEAROUSE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STEPHENS	DIRECTOR,TRE	1.00	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
2025	No data	No data	No data	No data
2024	$462,534	$428,799	$180,529	$33,735
2023	$527,429	$448,658	$130,756	$78,771
2022	$451,454	$870,934	$46,489	$-419,480
2021	$858,680	$455,936	$443,086	$402,744

DOUGLAS UNITE ECONOMIC DEVELOPMENT INC