HANCOCK COUNTY COMMUNITY DEVELOPME… - 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

2006

Legal Domicile

Principal Officer

TISH WILLIAMS

Phone

2284679048

Tax Period

2023-01-01 to 2023-12-31

HANCOCK COUNTY COMMUNITY DEVELOPMENT FOUNDATION, founded in 2006, is a small nonprofit that reported $443K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $537K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROMOTE AND SUPPORT THE ECONOMIC AND COMMUNITY DEVELOPMENT, RECOVERY, AND REBUILDING IN HANCOCK COUNTY, AND TO ASSIST COMMUNITIES IN HANCOCK COUNTY WITH DISASTER RECOVERY AND STIMULATE COMMUNITY DEVELOPMENT AND GROWTH.

Program Service Accomplishments

Program 1

Expenses: $323,939 Revenue: $388,139

INCUBATION OF NOT-FOR-PROFIT CAUSES PROGRAM ACTS AS AN UMBRELLA ORGANIZATION FOR VARIOUS NON-PROFIT CAUSES IT HAS INCUBATED RANGING IN FOCUS FROM EDUCATION TO HISTORIC PRESERVATION.

Program 2

Expenses: $170,614 Revenue: $8,040

JOB GENERATION FUND PROGRAM MANAGES PASS-THROUGH GRANTS FROM FEDERAL AND STATE AGENCIES FOR PURPOSES OF ECONOMIC DEVELOPMENT THROUGH THE JOB GENERATION FUND THAT IS PASSED TO SUBRECIPIENTS IN THE...

JOB GENERATION FUND PROGRAM MANAGES PASS-THROUGH GRANTS FROM FEDERAL AND STATE AGENCIES FOR PURPOSES OF ECONOMIC DEVELOPMENT THROUGH THE JOB GENERATION FUND THAT IS PASSED TO SUBRECIPIENTS IN THE FORM OF FORGIVABLE LOANS.

Program 3

Expenses: $18,042 Revenue: $38,115

HANCOCK COUNTY CHAMBER COMMITTEES PROGRAM IS TO SUPPORT THE VARIOUS HANCOCK COUNTY CHAMBER COMMITTEES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $433,594

Investment Income $8,720

Other Revenue $700

TOTAL REVENUE $443,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $512,595

Other Expenses $537,368

TOTAL EXPENSES $537,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$443,014	$322,577	+0.4%
Expenses	$537,368	$275,263	+1.0%
Net Income	$-94,354	$47,314	-3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
RAY WESSON	VICE PRESIDENT	Officer Director	$0	$0	$0
CLELAND POWELL	BOARD MEMBER	Officer Director	$0	$0	$0
MEG PAYMENT	BOARD MEMBER	Officer Director	$0	$0	$0
TAMI MUNSCH	BOARD MEMBER	Officer Director	$0	$0	$0
ELISE DEANO	BOARD MEMBER	Officer Director	$0	$0	$0
MARY JANE MACKEY	BOARD MEMBER	Officer Director	$0	$0	$0
ANNA RING SMITH	TREASURER	Officer Director	$0	$0	$0
JOHN WIEBMER	PAST PRESIDENT	Officer Director	$0	$0	$0
PAULA TRICHE	BOARD MEMBER	Officer Director	$0	$0	$0
TISH WILLIAMS	EXECUTIVE DIRECTOR	Director	$0	$0	$0
WENDY MCDONALD	PRESIDENT	Officer Director	$0	$0	$0
SHAWN KONKEL	BOARD MEMBER	Officer Director	$0	$0	$0
DRRYMSKY LABAT	BOARD MEMBER	Officer Director	$0	$0	$0
RHONDA RHODES	BOARD MEMBER	Officer Director	$0	$0	$0
BRIAN LABAT	BOARD MEMBER	Officer 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	No data	No data	No data	No data
2023	$443,014	$537,368	$570,263	$-94,354
2022	$322,577	$275,263	$662,586	$47,314
2021	$209,705	$206,182	$873,002	$3,523
2020	$224,953	$339,081	$921,798	$-114,128
2019	$404,822	$197,471	$888,060	$207,351
2018	$142,166	$329,671	$831,273	$-187,505

HANCOCK COUNTY COMMUNITY DEVELOPMENT FOUNDATION