LINN ECONOMIC DEVELOPMENT GROUP (EIN 930814440) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

JOHN PASCONE

Phone

5419794109

Tax Period

2024-07-01 to 2025-06-30

LINN ECONOMIC DEVELOPMENT GROUP, founded in 1982, is a small nonprofit that reported $129K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $125K left a modest 3% surplus.

Mission

TO FOSTER A HEALTHY AND VIABLE ECONOMY IN THE ALBANY, MILLERSBURG AND LINN COUNTY AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $128,450

Program Service Revenue $0

Investment Income $21

Other Revenue $823

TOTAL REVENUE $129,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,640

Fundraising Expenses $0

Program Expenses $125,109

Other Expenses $15,469

TOTAL EXPENSES $125,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,294	$511,476	-0.7%
Expenses	$125,109	$501,107	-0.8%
Net Income	$4,185	$10,369	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$99,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN WATSON	CHAIR	2.00	Officer Director	$0	$0	$0
RICK KENYON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK RAUM	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JANET STEELE	DIRECTOR	1.00	Director	$0	$0	$0
LISA AVERY	DIRECTOR	1.00	Director	$0	$0	$0
FLOYD COLLINS	DIRECTOR	1.00	Officer Director	$0	$0	$0
KEVIN KREITMAN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM KOHLER	DIRECTOR	1.00	Director	$0	$0	$0
ROGER NYQUIST	DIRECTOR	1.00	Director	$0	$0	$0
TIM KIRSCH	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA GRIZZLE	DIRECTOR	1.00	Director	$0	$0	$0
TIM HOUSLEY	DIRECTOR	1.00	Director	$0	$0	$0
ALEX JOHNSON II	DIRECTOR	1.00	Director	$0	$0	$0
REP SHELLY BOSHART-DAVIS	EX-OFFICIO MEMBER	1.00	Director	$0	$0	$0
PETER TROEDSSEN	EX-OFFICIO MEMBER	1.00	Director	$0	$0	$0
JANELLE BOOTH	EX-OFFICIO MEMBER	1.00	Director	$0	$0	$0
SCOTT COWAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL MACHUGH	DIRECTOR	1.00	Director	$0	$0	$0
LAGEA MULL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HANSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID VAN DER HAEGHEN	DIRECTOR	1.00	Director	$0	$0	$0
SEAN TATE RESIGNED	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PASCONE	PRESIDENT	40.00	Officer	$99,800	$0	$99,800

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	$129,294	$125,109	$28,385	$4,185
2024	$511,476	$501,107	$24,130	$10,369
2023	$1,978,650	$11,141,662	$13,785	$-9,163,012
2022	$20,595,784	$26,960,430	$9,176,697	$-6,364,646
2021	$14,935,813	$113,648	$15,541,362	$14,822,165
2020	$140,935	$817,070	$719,212	$-676,135
2019	$1,494,870	$119,058	$1,394,798	$1,375,812
2018	$203,966	$190,848	$19,007	$13,118

LINN ECONOMIC DEVELOPMENT GROUP