PIKE COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 134216019) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

TED CLEM

Phone

3346702274

Tax Period

2024-01-01 to 2024-12-31

PIKE COUNTY ECONOMIC DEV CORP, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $373K in total revenue in fiscal year 2018. Expenses of $358K left a modest 4% surplus.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT WITHIN PIKE COUNTY ALABAMA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $419,036

Program Service Revenue $37,544

Investment Income $13,280

Other Revenue $0

TOTAL REVENUE $469,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,825

Fundraising Expenses $0

Other Expenses $278,909

TOTAL EXPENSES $541,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$469,860	$433,050	+0.1%
Expenses	$541,734	$460,535	+0.2%
Net Income	$-71,874	$-27,485	+1.6%

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
CHASE COBB	PRESIDENT	40.00		$174,187	$0	$174,187
JOHN RAMAGE	CHAIRMAN	N/A	Officer Director	$0	$0	$0
VICKI MCPHERSON	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
DONNA HORN	SECRETARY	N/A	Officer Director	$0	$0	$0
DENNY SANFORD	TREASURER	N/A	Officer Director	$0	$0	$0
KENNY CAMPBELL	BOARD MEMBER	N/A	Director	$0	$0	$0
CORNELIUS GRIFFIN	BOARD MEMBER	N/A	Director	$0	$0	$0
ADAM CARSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JEFF KERVIN	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID BAILEY	BOARD MEMBER	N/A	Director	$0	$0	$0
JUDSON EDWARDS	BOARD MEMBER	N/A	Director	$0	$0	$0
TED CLEM	PRESIDENT	40.00	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
2024	$469,860	$541,734	$1,102,050	$-71,874
2023	$433,050	$460,535	$1,206,147	$-27,485
2022	$382,974	$395,047	$1,265,158	$-12,073
2021	$367,542	$379,780	$1,295,428	$-12,238
2020	$398,714	$312,536	$1,348,347	$86,178
2019	$375,409	$356,508	$1,309,822	$18,901
2018	$372,814	$357,738	$1,335,260	$15,076

PIKE COUNTY ECONOMIC DEVELOPMENT CORPORATION