Civic Intelligence

Palmer Economic Development Corp

EIN 27-0960193 • 501(c)3 • Palmer, NE

Profile

Local economic development

PO Box 187Palmer, NE 68864

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

20.00x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

12th percentile

-66%

Higher net margin than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

48th percentile

-3.0%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

144%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$340,761

Down $10,560 (-3.0%) from 2023

Liabilities

Flat

$320,000

Flat from 2023

Net Assets

Down

$20,761

Down $10,560 (-34%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin12th percentile

Revenue

Up

$16,000

Up $9,450 (+144%) from 2023

Expenses

Down

$26,560

Down $10,233 (-28%) from 2023

Net Income

Up

-$10,560

Up $19,683 (+65%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2022: $711,564Liabilities 2022: $650,000Net Assets 2022: $61,5642022Assets 2023: $351,321Liabilities 2023: $320,000Net Assets 2023: $31,3212023Assets 2024: $340,761Liabilities 2024: $320,000Net Assets 2024: $20,7612024

Highlighted filing

2024

Assets$340,761
Liabilities$320,000
Net Assets$20,761
Open 2024 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20K-$40KRevenue 2022: $18,365Expenses 2022: $14,481Net Income 2022: $3,8842022Revenue 2023: $6,550Expenses 2023: $36,793Net Income 2023: -$30,2432023Revenue 2024: $16,000Expenses 2024: $26,560Net Income 2024: -$10,5602024

Highlighted filing

2024

Revenue$16,000
Expenses$26,560
Net Income-$10,560
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$340,761
Liabilities
$320,000
Net assets
$20,761
Revenue
$16,000
Expenses
$26,560
Net income
-$10,560
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$3.20$0.21$0.16$0.27$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.51$3.20$0.31$0.07$0.37$0.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.12$6.50$0.62$0.18$0.14$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.0
Gross Receipts
$16,000
Mission and Program Overview

Mission

Local economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$324,755$324,755→ $0
Cash and Non-Interest-Bearing Accounts$26,566$16,006▼ $10,560
Total Assets$351,321$340,761▼ $10,560
Liabilities
Other Liabilities$320,000$320,000→ $0
Total Liabilities$320,000$320,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,321$20,761▼ $10,560
Total Net Assets Fund Balance$31,321$20,761▼ $10,560
Total Liabilities and Net Assets / Fund Balance$351,321$340,761▼ $10,560
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Tyler WichmannDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$16,000
Change in Net Assets
$-10,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$16,000--$16,000
Occupancy$6,382--$6,382
Insurance$2,178--$2,178
Fees for Services Legal$2,000--$2,000
Total Functional Expenses$26,560$0$0$26,560
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgages$320,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Palmer Economic Development Corp
EIN
27-0960193
Phone
3088942085
Address
PO BOX 187, PALMER, NE 68864

Signing Officer

Name
Tyler Wichmann
Title
Director
Phone
3088942085
Signed
2025-11-11

Organization Details

Principal Officer
Tyler Wichmann
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Andrew Simmons CPA Pc
Address
1618 20TH STREET, CENTRAL CITY, NE 68826-2002
Preparer
Karrie Simmons CPA
Phone
3089462710
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Local economic development corporation receiving funds from sales tax dollars with a focus to provide single family affordable housing”

Raw XML Appendix227 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum03088942085
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IRS990/BooksInCareOfDetail/USAddress/CityNm0PALMER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NE
IRS990/BooksInCareOfDetail/USAddress/ZIPCd068864
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherRevenueAmt016000
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-10560
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt026560
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt016000
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
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IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
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IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
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IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02000
IRS990/FeesForServicesLegalGrp/TotalAmt02000
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt016000
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt02178
IRS990/InsuranceGrp/TotalAmt02178
IRS990/InterestGrp/ProgramServicesAmt016000
IRS990/InterestGrp/TotalAmt016000
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0324755
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0324755
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0LOCAL ECONOMIC DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt031321
IRS990/NetAssetsOrFundBalancesEOYAmt020761
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt031321
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt020761
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt06382
IRS990/OccupancyGrp/TotalAmt06382
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherLiabilitiesGrp/BOYAmt0320000
IRS990/OtherLiabilitiesGrp/EOYAmt0320000
IRS990/OtherRevenueMiscGrp/Desc0SHORT STAY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt016000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt016000
IRS990/OtherRevenueTotalAmt016000
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TYLER WICHMANN
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt026560
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt036793
IRS990/PYOtherRevenueAmt05550
IRS990/PYProgramServiceRevenueAmt01000
IRS990/PYRevenuesLessExpensesAmt0-30243
IRS990/PYTotalExpensesAmt036793
IRS990/PYTotalRevenueAmt06550
IRS990/ReconcilationRevenueExpnssAmt0-10560
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt040915
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0320000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGES
IRS990ScheduleD/TotalLiabilityAmt0320000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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IRS990/TotalAssetsBOYAmt0351321
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IRS990/TotalGrossUBIAmt00
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IRS990/VotingMembersIndependentCnt05
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TYLER WICHMANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03088942085
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALMER ECONOMIC DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0270960193
ReturnHeader/Filer/PhoneNum03088942085
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 187
ReturnHeader/Filer/USAddress/CityNm0PALMER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068864
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0542186484
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CENTRAL CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0688262002
ReturnHeader/PreparerPersonGrp/PhoneNum03089462710
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARRIE SIMMONS CPA
ReturnHeader/ReturnTs02025-11-17T09:55:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits