LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 943206648) - 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

1995

Legal Domicile

Principal Officer

PAUL SCHUYTEMA

Tax Period

2024-07-01 to 2025-06-30

LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1995, is a small nonprofit that reported $157K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $655K exceeded revenue, resulting in a 318% operating deficit.

Mission

TO DELIVER ECONOMIC DEVELOPMENT SERVICES TO FACILITATE CREATION, GROWTH AND RETENTION OF LINCOLN COUNTY BUSINESSES.

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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 $108,500

Program Service Revenue $47,480

Investment Income $780

Other Revenue $0

TOTAL REVENUE $156,760

Expense Breakdown

Grants Paid $21,744

Salaries & Benefits $343,289

Fundraising Expenses $0

Program Expenses $586,955

Other Expenses $289,674

TOTAL EXPENSES $654,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,760	$262,084	-0.4%
Expenses	$654,707	$544,865	+0.2%
Net Income	$-497,947	$-282,781	+0.8%

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

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
ROBERT COWEN	PAST-PRESIDE	1.00	Director	$0	$0	$0
BRYAN FITZSIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG HOLBROOK	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON HOLLAND	AT-LARGE	1.00	Director	$0	$0	$0
KAETY JACOBSON	EX OFFICIO	1.00	Director	$0	$0	$0
CARRIE LEWIS	PRESIDENT	1.00	Director	$0	$0	$0
LESLEY OGDEN	SECRETARY	1.00	Director	$0	$0	$0
GREGORY PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA ROY	BOARD MEMBER	1.00	Director	$0	$0	$0
BIRGITTE RYSLINGE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SMITH	TREASURER	1.00	Director	$0	$0	$0
DR MAJALISE TOLAN	VICE-PRESIDE	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
2025	$156,760	$654,707	$194,489	$-497,947
2024	$262,084	$544,865	$692,436	$-282,781
2023	$1,160,682	$303,008	$945,218	$857,674

LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION