KNOX COUNTY DEVELOPMENT CORPORATION (EIN 351528696) - 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

1981

Legal Domicile

Principal Officer

CHRIS PFAFF

Phone

8128866993

Tax Period

2024-01-01 to 2024-12-31

KNOX COUNTY DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit that reported $393K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $824K exceeded revenue, resulting in a 110% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO FOSTER AND ASSIST BUSINESSES TO FORM AND CONDUCT BUSINESS IN THE LOCAL 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 $378,825

Program Service Revenue $196,775

Investment Income $-230,444

Other Revenue $48,158

TOTAL REVENUE $393,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,946

Fundraising Expenses $18,398

Program Expenses $695,441

Other Expenses $506,210

TOTAL EXPENSES $824,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,314	$611,413	-0.4%
Expenses	$824,156	$505,235	+0.6%
Net Income	$-430,842	$106,178	-5.1%

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
KYLE TELLIGMAN	TREASURER	5.00	Officer Director	$0	$0	$0
CHUCK JOHNSON	SECRETARY	0.00	Officer Director	$0	$0	$0
GRAHAM DYCUS	VICE CHAIR	0.00	Officer Director	$0	$0	$0
SHEPARD DUNN	CHAIRMAN	0.00	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
2024	$393,314	$824,156	$5,194,208	$-430,842
2023	$611,413	$505,235	$5,626,879	$106,178
2022	$539,271	$515,898	$5,520,464	$23,373
2021	$518,668	$898,396	$5,496,965	$-379,728
2020	$465,320	$1,093,114	$5,876,382	$-627,794
2019	$592,653	$362,020	$6,503,713	$230,633
2018	$2,415,810	$381,413	$6,273,089	$2,034,397

KNOX COUNTY DEVELOPMENT CORPORATION