ELMORE COUNTY ECONOMIC DEVELOPMENT AUTHORITY

EIN: 331021258 501(c)(3) Community Improvement

WETUMPKA, AL

Total Revenue
$586,581
Total Expenses
$580,249
Total Assets
$380,411
Net Assets
$364,739
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
AL
Principal Officer
ART FAULKNER
Phone
3345145843
Tax Period
2024-10-01 to 2025-09-30

ELMORE COUNTY ECONOMIC DEVELOPMENT AUTHORITY, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $316K in total revenue in fiscal year 2017. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $365K exceeded revenue, resulting in a 16% operating deficit.

Mission

ECONOMIC DEVELOPMENT OF ELMORE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $586,581
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $586,581

Expense Breakdown

Grants Paid $0
Salaries & Benefits $149,120
Fundraising Expenses $0
Program Expenses $498,459
Other Expenses $431,129
TOTAL EXPENSES $580,249

Year-over-Year Comparison

2024 2023 Change
Revenue $586,581 $627,552 -0.1%
Expenses $580,249 $435,712 +0.3%
Net Income $6,332 $191,840 -1.0%
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

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Governance

Voting Members
15
Independent Members
15
Employees
2
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
3
$0
Total Directors
17
$124,604
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN BARRETT BOARD MEMBER 0.00
Director
$0 $0 $0
RHETT SMITH BOARD MEMBER 0.00
Director
$0 $0 $0
ANN HARPER VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
ART FAULKNER CHAIRMAN 0.00
Officer Director
$0 $0 $0
LEE GREER BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID LAWRENCE BOARD MEMBER 0.00
Director
$0 $0 $0
HARRIS GARNER BOARD MEMBER 0.00
Director
$0 $0 $0
JOHN STRICKLAND BOARD MEMBER 0.00
Director
$0 $0 $0
TIM GOTHARD BOARD MEMBER 0.00
Director
$0 $0 $0
ROD CARTER BOARD MEMBER 0.00
Director
$0 $0 $0
TOM STACKHOUSE BOARD MEMBER 0.00
Director
$0 $0 $0
HARV CARTER TREASURER/SECRETARY 0.00
Officer Director
$0 $0 $0
EMILIE JOHNSON BOARD MEMBER 0.00
Director
$0 $0 $0
OLIVIA VENABLE BOARD MEMBER 0.00
Director
$0 $0 $0
LISA VAN WAGNER EXECUTIVE DIRECTOR 40.00
Director
$108,681 $0 $108,681
BRENDA DENNIS BOARD MEMBER 0.00
Director
$0 $0 $0
RICHIE BEYER CHIEF OPERATIONS OFFICER 40.00
Director
$15,923 $0 $15,923
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 $586,581 $580,249 $380,411 $6,332
2024 $627,552 $435,712 $359,514 $191,840
2023 $728,154 $510,037 $176,121 $218,117
2022 $453,431 $508,551 $1,015,868 $-55,120
2021 $598,058 $587,223 $1,054,545 $10,835
2020 $432,608 $525,124 $1,046,920 $-92,516
2019 $484,610 $379,139 $1,139,614 $105,471
2018 $315,972 $365,176 $1,031,432 $-49,204
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