CLARKSVILLE ECONOMIC DEVELOPMENT A… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

MARY S WILLIS

Phone

8045867589

Tax Period

2021-01-01 to 2021-12-31

CLARKSVILLE ECONOMIC DEVELOPMENT ASSOCIATION INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $205K in total revenue in fiscal year 2021. Revenue surged 1902% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 77% operating margin.

Mission

TO ENCOURAGE AND PROMOTE ECONOMIC DEVELOPMENT IN CLARKSVILLE, VIRGINIA AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $41,956

TO ENCOURAGE AND PROMOTE ECONOMIC DEVELOPMENT IN CLARKSVILLE, VIRGINIA AND THE SURROUNDING AREA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $125,000

Program Service Revenue $78,733

Investment Income $0

Other Revenue $1,000

TOTAL REVENUE $204,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,012

Other Expenses $46,853

TOTAL EXPENSES $46,853

Year-over-Year Comparison

	2021	2020	Change
Revenue	$204,733	$10,227	+19.0%
Expenses	$46,853	$8,927	+4.2%
Net Income	$157,880	$1,300	+120.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Dale Hite	President	Director	$0	$0	$0
Ann Poole Redd	Vice President	Director	$0	$0	$0
MARY S WILLIS	Treasurer	Director	$0	$0	$0
Ed Brown	Director	Director	$0	$0	$0
Barbara Owen	Director	Director	$0	$0	$0
Carol Brown	Secretary	Director	$0	$0	$0
Heather Hite	Director	Director	$0	$0	$0
Mitch Saccoccio	Director	Director	$0	$0	$0
Leslie Wood	Director	Director	$0	$0	$0
Ronnie Owen	Director	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
2021	$204,733	$46,853	$279,258	$157,880

CLARKSVILLE ECONOMIC DEVELOPMENT ASSOCIATION INC