MONROEVILLEMONROE COUNTY ECONOMIC DEVELOPMENT AUTH (EIN 271235835) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

MIKE COLQUETT

Phone

2517431332

Tax Period

2023-10-01 to 2024-09-30

MONROEVILLEMONROE COUNTY ECONOMIC DEVELOPMENT AUTH, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $226K in total revenue in fiscal year 2019.

Mission

ECONOMIC DEVELOPMENT AUTHORITY FOR MONROEVILLE, AL AND MONROE COUNTY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $232,500

Program Service Revenue $0

Investment Income $18,932

Other Revenue $3,831

TOTAL REVENUE $255,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,807

Fundraising Expenses $0

Other Expenses $54,386

TOTAL EXPENSES $136,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,263	$249,409	+0.0%
Expenses	$136,193	$194,351	-0.3%
Net Income	$119,070	$55,058	+1.2%

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
PETE BLACK	DIRECTOR	1.00	Director	$0	$0	$0
MARK BURGESS	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN JONES	DIRECTOR	1.00	Director	$0	$0	$0
TOM DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE COLQUETT	DIRECTOR	1.00	Director	$0	$0	$0
YWELL CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
RICKY POWELL	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY JONES	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY GASTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HUTCHERSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK HARRIGAN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ENGLAND	DIRECTOR	1.00	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
2024	$255,263	$136,193	$620,381	$119,070
2023	$249,409	$194,351	$502,331	$55,058
2022	$262,294	$279,109	$443,321	$-16,815
2021	$238,422	$214,637	$448,236	$23,785
2020	$226,022	$231,978	$442,910	$-5,956

MONROEVILLEMONROE COUNTY ECONOMIC DEVELOPMENT AUTH