PAULDING COUNTY ECONOMIC DEVELOPMEN (EIN 274075387) - 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

2010

Principal Officer

ANGEL ALMODOVAR

Phone

7707267000

Tax Period

2024-07-01 to 2025-06-30

PAULDING COUNTY ECONOMIC DEVELOPMEN, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $460K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 21% operating margin.

Mission

PAULDING COUNTY ECONOMIC DEVELOPMENT IS A PUBLIC/PRIVATE PARTNERSHIP DESIGNED TO BE A SINGLE POINT OF CONTACT FOR NEW AND EXPANDING BUSINESSES.

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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 $460,000

Program Service Revenue $0

Investment Income $133

Other Revenue $0

TOTAL REVENUE $460,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,273

Fundraising Expenses $0

Program Expenses $27,584

Other Expenses $126,205

TOTAL EXPENSES $362,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,133	$310,475	+0.5%
Expenses	$362,478	$339,017	+0.1%
Net Income	$97,655	$-28,542	-4.4%

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
TOM CABLE	LEGAL COUNSE	N/A	Director	$0	$0	$0
VIRGINIA GALLOWAY	CHAIRPERSON	N/A	Director	$0	$0	$0
STACY HAMBY	MEMBER	N/A	Director	$0	$0	$0
CATHY HELMS	SECRETARY/TR	N/A	Director	$0	$0	$0
CLIFFORD MCGRADY	EX-OFFICIO	N/A	Director	$0	$0	$0
DAN NOLAN	MEMBER	N/A	Director	$0	$0	$0
BRANDON RAKESTRAW	EX-OFFICIO	N/A	Director	$0	$0	$0
CHRIS ROBINSON	EX-OFFICIO	N/A	Director	$0	$0	$0
DAN SCHNEIDER	MEMBER	N/A	Director	$0	$0	$0
DOUG SHAW	VICE CHAIRMA	N/A	Director	$0	$0	$0
ALAN SISK	RESIDENT BOA	N/A	Director	$0	$0	$0
ANGEL ALMODOVAR	PRESIDENT &	N/A	Officer	$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	$460,133	$362,478	$599,456	$97,655
2024	$310,475	$339,017	$501,801	$-28,542
2023	$321,531	$332,114	$530,633	$-10,583
2022	$329,182	$319,625	$540,926	$9,557
2021	$651,324	$309,912	$531,369	$341,412

PAULDING COUNTY ECONOMIC DEVELOPMEN