ECONOMIC DEVELOPMENT PROFESSIONALS ASSOCIATION (EIN 854250311) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

MIKE BOCKORNY

Phone

6054128117

Tax Period

2023-01-01 to 2023-12-31

ECONOMIC DEVELOPMENT PROFESSIONALS ASSOCIATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $240K in total revenue in fiscal year 2021. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 65% operating margin.

Mission

TO CHAMPION THE GROWTH AND DIVERSIFICATION OF SOUTH DAKOTA'S ECONOMY THROUGH PROFESSIONAL DEVELOPMENT, NETWORKING AND ADVOCACY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $183,525

Program Service Revenue $53,425

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,000

Fundraising Expenses $0

Program Expenses $12,347

Other Expenses $146,280

TOTAL EXPENSES $148,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,950	$37,950	+5.2%
Expenses	$148,280	$159,335	-0.1%
Net Income	$88,670	$-121,385	-1.7%

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

$2,000

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LAMBERT	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ALEX SMITH	DIRECTOR	2.00	Director	$0	$0	$0
RITA ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
NANCY WENANDE	TREASURER	2.00	Officer Director	$0	$0	$0
BOB MUNDT	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS SCHILKEN	DIRECTOR	2.00	Director	$0	$0	$0
TOM JOHNSON	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MICHAEL BOCKORNY	CHAIRMAN	5.00	Officer Director	$2,000	$0	$2,000
BROOKE ROLLAG	DIRECTOR	2.00	Director	$0	$0	$0
CALEB FINCK	DIRECTOR	2.00	Director	$0	$0	$0
CASEY CRABTREE	DIRECTOR	2.00	Director	$0	$0	$0
JIM PROTEXTER	DIRECTOR	2.00	Director	$0	$0	$0
JULIE JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KYLE PETERS	DIRECTOR	2.00	Director	$0	$0	$0
TED HAEDER	DIRECTOR	2.00	Director	$0	$0	$0
TIM REED	DIRECTOR	2.00	Director	$0	$0	$0
GERI BECK	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$236,950	$148,280	$240,411	$88,670
2022	$37,950	$159,335	$127,750	$-121,385
2021	$240,250	$83,291	$251,370	$156,959

ECONOMIC DEVELOPMENT PROFESSIONALS ASSOCIATION