ADVANCED COMMUNITY DEVELOPMENT CORPORATION (EIN 204187220) - 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

2006

Legal Domicile

Principal Officer

DOUG LOCKARD

Phone

7318551231

Tax Period

2025-01-01 to 2025-12-31

Mission

THE PURPOSE OF ADVANCED COMMUNITY DEVELOPMENT CORPORATION IS TO PROVIDE FUNDING AND COMMUNITY SUPPORT IN AREAS OF GIBSON COUNTY. THE FUNDING SOURCES ARE DERIVED FROM GRANTS THROUGH STATE AND FEDERAL AND THROUGH FOUNDATIONS SHARING OUR COMMON GOAL. ADVANCED COMMUNITY DEVELOPMENT CORPORATION WILL FOCUS ON AREAS CONCERNING ILLITERACY, EDUCATION, COMMUNITY DEVELOPMENT AND COMMUNITY IMPROVEMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,200

Other Expenses $1,200

TOTAL EXPENSES $1,200

Year-over-Year Comparison

	2025	2024	Change
Revenue	N/A	N/A	N/A
Expenses	$1,200	$2,100	-0.4%
Net Income	N/A	$-2,100	N/A

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

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

$74,830

Total Directors

$74,830

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WALLSMITH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
SHIRLEY HAYES	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DOUG LOCKARD	EXECUTIVE DIRECTOR	2.00	Officer Director	$0	$0	$74,830
MARY HOOKER	DIRECTOR	2.00	Director	$0	$0	$0
CHARLOTTE DOAKS	DIRECTOR	2.00	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	No data	$1,200	$447,237	No data
2024	No data	$2,100	$448,437	No data
2023	$43	$1,020	$450,537	$-977
2022	$451,538	$24	$451,514	$451,514

ADVANCED COMMUNITY DEVELOPMENT CORPORATION