Salina Community Economic Development Organization Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

10 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Promote and support economic development

To promote and support economic development in salina, ks

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

Includes noncash contributions: Reported contributions include donated property or goods.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 87.5%; rating input score 88; 6th percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 68.8%; rating input score 69; 48th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail

Operating margin: -493%; rating input score 8; 8th percentile among comparable filings
Total-asset coverage ratio: 1.14; rating input score 26; 26th percentile among comparable filings
Liabilities to assets ratio: 0.03; rating input score 24; 24th percentile among comparable filings
Officer compensation ratio: 49.9%; rating input score 7; 7th percentile among comparable filings

Program expense growth: 17.3% per year; rating input score 100; 83rd percentile among comparable filings
Revenue growth: -20.6% per year; rating input score 0; 19th percentile among comparable filings
Asset growth: -4.9% per year; rating input score 0; 21st percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 3 of 8 filing controls reported
Programs: 1 filed program accomplishment · $262K in reported program spending
Leadership: top reported pay $174K · 10 people listed · 1 of 6 pay-setting controls reported
Consistency: 9 of 10 current checks pass · 1 finding to review
Schedules: 5 filed schedules · includes major donors, grants, and executive pay
Filing history: 8 filing years from 2016 to 2024
Contacts: How to reach this organization
Money network: 1 filed money-flow record
Related organizations: Filed and resolved organization relationships.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

Moderate — Accountability: Governance controls: 5 of 8 not reported.
High — Sustainability: Operating margin scored 8/100.
High — Growth: Revenue growth scored 0/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
High — Sustainability: Total-asset coverage ratio scored 26/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 7/100.
High — Sustainability: Liabilities to assets ratio scored 24/100.