South Eastern Development Foundation (EIN 300017659) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Phone

6056818172

Tax Period

2023-01-01 to 2023-12-31

SOUTH EASTERN DEVELOPMENT FOUNDATION, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2018. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 63% operating margin.

Mission

Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,223,507

Program Service Revenue $626,989

Investment Income $200,952

Other Revenue $389,700

TOTAL REVENUE $2,441,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,114,295

Other Expenses $1,339,293

TOTAL EXPENSES $1,339,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,441,148	$2,283,474	+0.1%
Expenses	$1,339,293	$1,682,186	-0.2%
Net Income	$1,101,855	$601,288	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$273,094

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynne Keller Forbes	President & CEO	0.00	Officer	$0	$0	$273,094
Bryan Hakeman	Sec/Treasurer	1.00	Officer Director	$0	$0	$0
Dave Kroll	Director	1.00	Director	$0	$0	$0
Keith Thompson	President	1.00	Officer Director	$0	$0	$0
Marcus Mahlen	Director	1.00	Director	$0	$0	$0
Paul Tschetter	Vice President	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,441,148	$1,339,293	$24,947,970	$1,101,855
2022	$2,283,474	$1,682,186	$24,350,376	$601,288
2021	$4,520,935	$737,367	$22,464,210	$3,783,568
2020	$4,190,397	$365,242	$17,415,403	$3,825,155
2019	$623,583	$668,147	$12,990,834	$-44,564
2018	$1,819,104	$678,659	$12,397,266	$1,140,445

South Eastern Development Foundation