LINCOLN ECONOMIC DEVELOPMENT COUNCIL INC

EIN: 452514272 501(c)(3) Community Improvement

RUSTON, LA

Total Revenue
$27,500
Total Expenses
$78,963
Total Assets
$486,590
Net Assets
$486,590
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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
2010
Principal Officer
JAMES D HOLLAND III
Phone
3182518643
Tax Period
2024-01-01 to 2024-12-31

LINCOLN ECONOMIC DEVELOPMENT COUNCIL INC, founded in 2010, is a micro nonprofit in the Community Improvement sector that reported $28K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $79K exceeded revenue, resulting in a 187% operating deficit.

Mission

TO PROVIDE FOR THE ECONOMIC DEVELOPMENT NEEDS OF THE COMMUNITY AND THE PARISH THROUGH COLLABERATION OF STRATEGIC INITIATIVES, THE RETENTION AND GROWTH OF LOCAL BUSINESSES, THE CREATION OF NEW QUALITY JOBS, AND CAPITALIZATION ON OPPORTUNITIES FOR IMPROVEMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $27,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $77,500
Other Expenses $78,963
TOTAL EXPENSES $78,963

Year-over-Year Comparison

2024 2023 Change
Revenue $27,500 $77,500 -0.6%
Expenses $78,963 $125,755 -0.4%
Net Income $-51,463 $-48,255 +0.1%
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

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Governance

Voting Members
10
Independent Members
10
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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN L DENNY DIRECTOR N/A
Director
$0 $0 $0
LESLIE K GUICE DIRECTOR N/A
Director
$0 $0 $0
JAMES D HOLLAND III PRESIDENT N/A
Officer Director
$0 $0 $0
LEWIS LOVE DIRECTOR N/A
Director
$0 $0 $0
DRAKE MILLS DIRECTOR N/A
Director
$0 $0 $0
SAM PONDER DIRECTOR N/A
Director
$0 $0 $0
ELIZABETH TURNLEY DIRECTOR N/A
Director
$0 $0 $0
ROBERT WILEY DIRECTOR N/A
Director
$0 $0 $0
BILL CARTER LEGAL COUNSE N/A
Officer
$0 $0 $0
JULIE KEEN SECRETARY/TR N/A
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 $27,500 $78,963 $486,590 $-51,463
2023 $77,500 $125,755 $538,053 $-48,255
2022 $208,334 $588,609 $586,308 $-380,275
2021 $250,000 $892 $966,583 $249,108
2020 $250,000 $650,883 $717,475 $-400,883
2019 $788,433 $259,137 $1,118,358 $529,296
2018 $265,445 $15,654 $589,062 $249,791
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