MACON COUNTY ECONOMIC DEVELOPMENT (EIN 431268022) - 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

1982

Legal Domicile

Principal Officer

SHARON SCOTT

Phone

6603855627

Tax Period

2023-01-01 to 2023-12-31

MACON COUNTY ECONOMIC DEVELOPMENT, founded in 1982, is a small nonprofit that reported $133K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $124K left a modest 7% surplus.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT.

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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 $122,958

Program Service Revenue $2,246

Investment Income $7,626

Other Revenue $45

TOTAL REVENUE $132,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,415

Fundraising Expenses $0

Program Expenses $97,296

Other Expenses $46,101

TOTAL EXPENSES $123,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,875	$145,863	-0.1%
Expenses	$123,516	$127,670	0.0%
Net Income	$9,359	$18,193	-0.5%

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

$42,523

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE GOULDER	EXECUTIVE DI	40.00	Officer	$42,523	$0	$42,523
ANSH ATRIWAL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID AUSMUS	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM KORMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
AVIS MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH MCLELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY MOOTS	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSTY NEILL	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL RICHARDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHELLE SHOEMAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT STIEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY VINCENT	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL WILLIAMS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SHARON SCOTT	INTERIM DIRE	20.00	Officer	$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	$132,875	$123,516	$866,822	$9,359
2022	$145,863	$127,670	$885,426	$18,193
2021	$143,871	$266,593	$926,209	$-122,722
2020	$116,141	$136,805	$1,104,141	$-20,664
2019	$138,395	$139,450	$1,190,688	$-1,055
2018	$132,941	$179,020	$1,004,468	$-46,079

MACON COUNTY ECONOMIC DEVELOPMENT