SOUTH CENTRAL ECONOMIC DEVELOPMENT DISTRICT INC (EIN 900187120) - 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

2005

Legal Domicile

Principal Officer

BARB BARNETT

Phone

3089953190

Tax Period

2024-01-01 to 2024-12-31

SOUTH CENTRAL ECONOMIC DEVELOPMENT DISTRICT INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $357K, a strong 25% operating margin.

Mission

TO DEVELOP AND PROMOTE A POSITIVE ECONOMIC CLIMATE WHICH SUPPORTS REGIONAL GROWTH.

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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 $862,039

Program Service Revenue $323,764

Investment Income $196,461

Other Revenue $42,125

TOTAL REVENUE $1,424,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,231

Fundraising Expenses $0

Program Expenses $1,002,026

Other Expenses $584,553

TOTAL EXPENSES $1,067,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,424,389	$2,308,852	-0.4%
Expenses	$1,067,784	$1,253,203	-0.1%
Net Income	$356,605	$1,055,649	-0.7%

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

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

$112,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON HUEFTLE	EXECUTIVE DI	40.00	Officer	$109,312	$3,273	$112,585
TRICIA ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BARB BARNETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA BERTHELSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD DEXTER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RAQUEL FELZIEN	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA GLAUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
GENE HORNE	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL MAENDELE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA PULS	TREASURER	1.00	Officer Director	$0	$0	$0
BECKY ROTHER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE SABELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE SCHNUERLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY SCROGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SWANSON	BOARD MEMBER	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	$1,424,389	$1,067,784	$6,804,808	$356,605
2023	$2,308,852	$1,253,203	$6,431,315	$1,055,649
2022	$1,193,737	$1,210,284	$5,324,604	$-16,547
2021	$1,168,281	$1,029,420	$5,548,783	$138,861
2020	$1,839,934	$1,226,957	$5,394,675	$612,977
2019	$2,009,157	$889,403	$4,743,388	$1,119,754
2018	$2,122,524	$689,696	$3,589,507	$1,432,828

SOUTH CENTRAL ECONOMIC DEVELOPMENT DISTRICT INC