WABASH ECONOMIC GROWTH ALLIANCEINC (EIN 862467108) - 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

2021

Legal Domicile

Principal Officer

BILL GLASS

Phone

7655851079

Tax Period

2023-01-01 to 2023-12-31

WABASH ECONOMIC GROWTH ALLIANCEINC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $525K in total revenue in fiscal year 2023. Revenue surged 139% from the prior year, signaling strong growth momentum. The organization ran a surplus of $371K, a strong 71% operating margin.

Mission

ECONOMIC DEVELOPMENT PROJECTS IN THE CITY OF ATTICA, INDIANA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $525,489

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $525,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,180

Fundraising Expenses $0

Program Expenses $29,126

Other Expenses $47,159

TOTAL EXPENSES $154,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,489	$220,079	+1.4%
Expenses	$154,339	$117,505	+0.3%
Net Income	$371,150	$102,574	+2.6%

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

$107,180

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROD BANNON	DIRECTOR OF	25.00	Director	$107,180	$0	$107,180
NICOLE ALLEE	DIRECTOR	1.00	Director	$0	$0	$0
TOM CRAFT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF FISHERO	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA HARDY	DIRECTOR	1.00	Director	$0	$0	$0
GARY MCGRADY	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON RICKETTS	DIRECTOR	1.00	Director	$0	$0	$0
JASON FRUITS	VICE PRESIDE	10.00	Officer	$0	$0	$0
BILL GLASS	PRESIDENT	10.00	Officer	$0	$0	$0
RENEE MCKEE	SECRETARY	10.00	Officer	$0	$0	$0
SHARON NEGELE	TREASURER	10.00	Officer	$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	$525,489	$154,339	$615,255	$371,150
2022	$220,079	$117,505	$310,777	$102,574

WABASH ECONOMIC GROWTH ALLIANCEINC