FULTON INDUSTRIAL DEVELOPMENT ASSN C/O PAUL JOHNSTON (EIN 236296091) - 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

1981

Legal Domicile

Principal Officer

DAVID A WASHABAUGH IV

Phone

7174853012

Tax Period

2024-12-01 to 2025-11-30

FULTON INDUSTRIAL DEVELOPMENT ASSN C/O PAUL JOHNSTON, founded in 1981, is a small nonprofit that reported $103K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $2.3M represent 269 months of operating reserves.

Mission

TO BORROW MONEY NECESSARY TO BUY, RECEIVE, LEASE, SELL AND CONVEY REAL AND PERSONAL PROPERTY AND TO NEGOTIATE WITH COMMERCIAL AND INDUSTRIAL FACILITIES FOR THE INDUSTRIAL DEVLEOPMENT AND CIVIC BETTERMENT OF FULTON COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,230

Program Service Revenue $71,996

Investment Income $0

Other Revenue $0

TOTAL REVENUE $103,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $111,407

TOTAL EXPENSES $111,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,226	$81,885	+0.3%
Expenses	$111,407	$111,160	+0.0%
Net Income	$-8,181	$-29,275	-0.7%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A WASHABAUGH IV	PRESIDENT	1.00	Officer Director	$0	$0	$0
JERAMY CULLER	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
RICK STRAIT	TREASURER	1.00	Officer Director	$0	$0	$0
WENDY MELIUS	SECRETARY	0.25	Officer Director	$0	$0	$0
PAUL JOHNSTON	EXECUTIVE DI	2.00	Officer Director	$0	$0	$0
WALT BARMONT	DIRECTOR	N/A	Director	$0	$0	$0
ERIK DAMGAARD	DIRECTOR	N/A	Director	$0	$0	$0
MAC MAGEE	DIRECTOR	N/A	Director	$0	$0	$0
RANDY KEEFER	DIRECTOR	N/A	Director	$0	$0	$0
BILL PALMER	DIRECTOR	N/A	Director	$0	$0	$0
ERIC HOLLENSHEAD	DIRECTOR	N/A	Director	$0	$0	$0
MARLIN LYNCH	DIRECTOR	N/A	Director	$0	$0	$0
MIKE MAKOSKY	DIRECTOR	N/A	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	$103,226	$111,407	$3,519,963	$-8,181
2024	$81,885	$111,160	$3,524,316	$-29,275
2023	$106,042	$111,538	$3,548,352	$-5,496
2022	$85,863	$114,040	$3,585,141	$-28,177
2021	$100,512	$112,269	$3,605,304	$-11,757
2020	$97,067	$101,611	$3,626,552	$-4,544
2019	$76,974	$106,866	$3,643,000	$-29,892
2018	$98,752	$114,184	$3,671,727	$-15,432

FULTON INDUSTRIAL DEVELOPMENT ASSN C/O PAUL JOHNSTON