WASHINGTON COUNTY ECONOMIC DEVELOP… - 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

2009

Legal Domicile

Principal Officer

JOE GRANDY

Phone

4232023510

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON COUNTY ECONOMIC DEVELOPMENT COUNCIL, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $294K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $93K, a strong 32% operating margin.

Mission

TO ENHANCE JOB GROWTH AND INCREASE THE TAX BASE OF WASHINGTON COUNTY BY ENGAGING THE COMMUNITY AND BUSINESS LEADERS THROUGH NURTURING EXISTING BUSINESSES AND ACTIVELY RECRUITING NEW INDUSTRIES AND COMMERCE.

Program Service Accomplishments

Program 1

ECONOMIC DEVELOPMENT: TO SEEK APPROPRIATE PROPERTIES AVAILABLE IN THE AREA FOR INTERESTED BUSINESSES; FACILITATE THE DEVELOPMENT OF INDUSTRIAL PARKS; FACILITATE THE RESEARCH AND STUDIES FOR THE...

ECONOMIC DEVELOPMENT: TO SEEK APPROPRIATE PROPERTIES AVAILABLE IN THE AREA FOR INTERESTED BUSINESSES; FACILITATE THE DEVELOPMENT OF INDUSTRIAL PARKS; FACILITATE THE RESEARCH AND STUDIES FOR THE EXPANSION OF CURRENT UTILITY SERVICES; AND PROVIDE SUPPORT SERVICES FOR CURRENT EXISTING BUSINESSES IN THE AREA.

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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 $278,000

Program Service Revenue $0

Investment Income $12,302

Other Revenue $3,800

TOTAL REVENUE $294,102

Expense Breakdown

Grants Paid $53,151

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $148,286

TOTAL EXPENSES $201,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,102	$439,720	-0.3%
Expenses	$201,437	$407,805	-0.5%
Net Income	$92,665	$31,915	+1.9%

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 ABE TEAGUE	DIRECTOR	1.00	Director	$0	$0	$0
JOE GRANDY	CHAIR	1.00	Officer Director	$0	$0	$0
LOTTIE RYANS	DIRECTOR	1.00	Director	$0	$0	$0
GLENN BERRY	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA SUMMERS	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
JENNY BROCK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SPEROPULOS	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK VEST	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CATHY BALL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
GREG MATHERLY	DIRECTOR	1.00	Director	$0	$0	$0
FREDDIE MALONE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DARDEN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DYKES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HUNTER	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
2025	$294,102	$201,437	$603,242	$92,665
2024	$439,720	$407,805	$505,026	$31,915
2023	$1,506,303	$1,156,710	$1,509,626	$349,593
2022	$1,275,965	$1,271,147	$121,866	$4,818
2021	$2,209,818	$2,211,591	$117,048	$-1,773
2020	$32,549	$35,887	$118,821	$-3,338
2019	$164,101	$169,043	$122,159	$-4,942

WASHINGTON COUNTY ECONOMIC DEVELOPMENT COUNCIL