FIFTH DISTRICT ECONOMIC DEVELOPMENT FUND INC (EIN 431127614) - 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

1977

Legal Domicile

Principal Officer

CHESTER THOMPSON JR

Phone

8162895862

Tax Period

2023-01-01 to 2023-12-31

FIFTH DISTRICT ECONOMIC DEVELOPMENT FUND INC, founded in 1977, is a small nonprofit in the Religion sector that reported $234K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $185K, a strong 79% operating margin.

Mission

PROVIDE FINANCIAL ASSISTANCE TO CHURCHES FOR REPAIRS AND NECESSARY UPDATES. SCHOLARSHIPS ARE PROVIDED TO MEMBERS OR STUDENTS THAT APPLY FOR SUPPORT.

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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 $0

Program Service Revenue $233,507

Investment Income $322

Other Revenue $0

TOTAL REVENUE $233,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,075

Fundraising Expenses $0

Program Expenses $36,260

Other Expenses $15,528

TOTAL EXPENSES $48,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,829	$327,990	-0.3%
Expenses	$48,603	$107,993	-0.5%
Net Income	$185,226	$219,997	-0.2%

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

N/A

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

$33,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHESTER THOMPSON JR	EXEC. DIRECTOR	15.00	Director	$33,075	$0	$33,075
CL DeMON CAREY	PRESIDENT	5.00	Director	$0	$0	$0
SHAWLEE LEE	SECRETARY	5.00	Director	$0	$0	$0
MELVIN L JENKINS	DIRECTOR	5.00	Director	$0	$0	$0
KARLA COOPER	DIRECTOR	0.50	Director	$0	$0	$0
BRENDA HAYES	DIRECTOR	2.00	Director	$0	$0	$0
LONNIE MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
LAMAR ROSE	DIRECTOR	2.00	Director	$0	$0	$0
FAYE BROWN	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES NORRIS	DIRECTOR	0.50	Director	$0	$0	$0
BENJAMIN EDWARDS	DIRECTOR	0.50	Director	$0	$0	$0
DOROTHY JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
BOBBIE GILES	DIRECTOR	0.50	Director	$0	$0	$0
FLORETTA HAMPTON	DIRECTOR	0.50	Director	$0	$0	$0
VERNON BURROUGH	DIRECTOR	0.50	Director	$0	$0	$0
A KEITH WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
RANDOLPH SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GRANT	DIRECTOR	0.50	Director	$0	$0	$0
LANCE WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL EAGLE	DIRECTOR	0.50	Director	$0	$0	$0
CECIL MURRAY	DIRECTOR	0.50	Director	$0	$0	$0
NOELLA BUCHANAN	DIRECTOR	0.50	Director	$0	$0	$0
LESIE THOMPSON	DIRECTOR	0.50	Director	$0	$0	$0
CLAUDINE MURPHY	DIRECTOR	0.50	Director	$0	$0	$0
BENJAMIN THOMAS	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$233,829	$48,603	$411,146	$185,226
2022	$327,990	$107,993	$225,920	$219,997

FIFTH DISTRICT ECONOMIC DEVELOPMENT FUND INC