WALTON COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC (EIN 263562532) - 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

2008

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

WALTON COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $394K in total revenue in fiscal year 2023. The organization ran a surplus of $162K, a strong 41% operating margin.

Mission

TO BE WALTON COUNTYS DRIVING FORCE FOR COLLABORATIVE LEADERSHIP, LEVERAGED BY PUBLIC AND PRIVATE MEMBERS, WORKING TO RETAIN AND ATTRACT BUSINESSES, PROMOTE SUSTAINABLE DEVELOPMENT, ADDRESS INFRASTRUCTURE CHALLENGES, AND IMPROVE QUALITY OF LIFE.

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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 $393,520

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $393,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,690

Fundraising Expenses $0

Program Expenses $231,950

Other Expenses $52,260

TOTAL EXPENSES $231,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,520	$396,485	0.0%
Expenses	$231,950	$210,760	+0.1%
Net Income	$161,570	$185,725	-0.1%

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
URIAH MATTHEWS	EXECUTIVE DIRECTOR	40.00	Director Highest	$0	$0	$0
ROBERT CAMBELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANNY GLIDEWELL	CHAIR	2.00	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
2024	$393,520	$231,950	$708,355	$161,570
2023	$396,485	$210,760	$519,360	$185,725
2022	$236,600	$196,312	$324,452	$40,288
2021	$180,522	$188,211	$607,508	$-7,689
2020	$180,223	$208,235	$291,974	$-28,012

WALTON COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC