BRENTWOOD ECONOMIC DEVELOPMENT CORP DBA ECONOMIC DEVELOPMENT SOUTH INC (EIN 251780107) - 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

1995

Legal Domicile

Principal Officer

JOEY-LINN ULRICH

Phone

4128841400

Tax Period

2021-01-01 to 2021-12-31

BRENTWOOD ECONOMIC DEVELOPMENT CORP DBA ECONOMIC DEVELOPMENT SOUTH INC, founded in 1995, is a micro nonprofit that reported $36K in total revenue in fiscal year 2021. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $143K exceeded revenue, resulting in a 299% operating deficit.

Mission

TO STRENGTHEN OUR BUSINESS AND RESIDENTIAL COMMUNITIES BY BUILDING INNOVATIVE PARTNERSHIPS.

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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 $180,589

Program Service Revenue $6,784

Investment Income $-151,456

Other Revenue $0

TOTAL REVENUE $35,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,330

Fundraising Expenses $0

Program Expenses $143,296

Other Expenses $128,966

TOTAL EXPENSES $143,296

Year-over-Year Comparison

	2021	2020	Change
Revenue	$35,917	$1,234,901	-1.0%
Expenses	$143,296	$906,838	-0.8%
Net Income	$-107,379	$328,063	-1.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SLATER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
GLENN NAGY	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARTY MACHI	TREASURER	2.00	Officer Director	$0	$0	$0
RUTHANN OMER	SECRETARY	2.00	Officer Director	$0	$0	$0
R TONY KURTA	DIRECRTOR	2.00	Director	$0	$0	$0
JEFF GOLVASH	DIRECRTOR	2.00	Director	$0	$0	$0
RICK HOPKINSON	DIRECRTOR	2.00	Director	$0	$0	$0
JOEY-LINN ULRICH	EXECUTIVE DIRECTOR	40.00	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
2021	$35,917	$143,296	No data	$-107,379
2020	$1,234,901	$906,838	$173,411	$328,063
2019	$1,299,678	$1,932,877	$691,100	$-633,199
2018	$1,612,708	$1,542,516	$1,389,415	$70,192

BRENTWOOD ECONOMIC DEVELOPMENT CORP DBA ECONOMIC DEVELOPMENT SOUTH INC