DELTA ECONOMIC DEVELOPMENT CORPORT… - 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

1991

Legal Domicile

Principal Officer

Regina Greer

Phone

6184824400

Tax Period

2023-07-01 to 2024-06-30

DELTA ECONOMIC DEVELOPMENT CORPORTATION, founded in 1991, is a small nonprofit in the Human Services sector that reported $528K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Net assets of $1.1M represent 24 months of operating reserves.

Mission

DEDC was created to assist in the development of programs & projects that address specific needs and contribute to improving East St. Louis.

Program Service Accomplishments

Program 1

Expenses: $428,964 Revenue: $329,283

DEDC provides childcare services to families in the E.St.Louis area. In addition to the educational curriculum, enrichment programs are offered, including exploratory learning experiences. Many...

DEDC provides childcare services to families in the E.St.Louis area. In addition to the educational curriculum, enrichment programs are offered, including exploratory learning experiences. Many families receiving care are low-income and live below the county and federal poverty lines. Services for these families are subsidized using state and local grant income.

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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 (2023)

Revenue Breakdown

Contributions & Grants $128,814

Program Service Revenue $214,733

Investment Income $214

Other Revenue $183,949

TOTAL REVENUE $527,710

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $256,394

Fundraising Expenses $0

Program Expenses $428,964

Other Expenses $285,327

TOTAL EXPENSES $544,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,710	$383,505	+0.4%
Expenses	$544,721	N/A	N/A
Net Income	$-17,011	$383,505	-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

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
Regina L Greer	Board President	20.00	Officer Director	$0	$0	$0
Carmella Hardnett	Vice President	4.00	Officer Director	$0	$0	$0
Adriann Adams-Gulley	Financial Secretary	4.00	Officer Director	$0	$0	$0
McKenzie Grayson	Member	2.00	Director	$0	$0	$0
Catrece L Strickland	Treasurer	4.00	Officer Director	$0	$0	$0
Tauriana Lyles King	Secretary	4.00	Officer Director	$0	$0	$0
Terrien Metcalf-Fennoy	Member	2.00	Director	$0	$0	$0
George McClellan	Member	2.00	Director	$0	$0	$0
Gwendolyn Glovers Monigan	Member	2.00	Director	$0	$0	$0
Tevis Taylor	Member	2.00	Director	$0	$0	$0
Pam Weston	Member	2.00	Director	$0	$0	$0
Traci N Tyus	Member	2.00	Director	$0	$0	$0
Ellis Conley-Davis	Member	2.00	Director	$0	$0	$0
Tyann Williams-Allen	Member	2.00	Director	$0	$0	$0
Larry Austell	Member	2.00	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
2024	$527,710	$544,721	$1,450,651	$-17,011
2023	$383,505	No data	No data	No data
2022	$420,928	$422,876	$1,662,199	$-1,948

DELTA ECONOMIC DEVELOPMENT CORPORTATION