OZARK DALE CO ECONOMIC DEVELOPMENT

EIN: 452551403 Community Improvement

OZARK, AL

Total Revenue
$323,809
Total Expenses
$335,780
Total Assets
$504,176
Net Assets
$497,289
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
AL
Principal Officer
HOLLE SMITH
Phone
3344432000
Tax Period
2023-10-01 to 2024-09-30

OZARK DALE CO ECONOMIC DEVELOPMENT, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $302K in total revenue in fiscal year 2017. Expenses of $333K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE OZARK DALE COUNTY ECONOMIC DEVELOPMENT CORPORATION'S OVERALL PURPOSE IS TO DEVELOP, PROMOTE AND GROW NEW AND EXISTING BUSINESSES AND BUSINESS OPPORTUNITIES WITHIN THE AREA. THE CORPORATION'S ACTIVITIES INCLUDE EXPANDING THE CURRENT BUSINESS AND INDUSTRY BY DEVELOPING A RESOURCEFUL BUSINESS ENVIRONMENT, PROMOTING THE UNIFICATION OF ECONOMIC DEVELOPEMENT EFFORTS WITHIN DALE COUNTY, GROWING EXISTING RESOURCES AND HELPING TO DEVELOP A RESOURCEFUL WORKFORCE WITHIN DALE COUNTY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $314,650
Program Service Revenue $0
Investment Income $9,159
Other Revenue $0
TOTAL REVENUE $323,809

Expense Breakdown

Grants Paid $0
Salaries & Benefits $205,214
Fundraising Expenses $31,455
Program Expenses $210,153
Other Expenses $130,566
TOTAL EXPENSES $335,780

Year-over-Year Comparison

2023 2022 Change
Revenue $323,809 $354,470 -0.1%
Expenses $335,780 $307,257 +0.1%
Net Income $-11,971 $47,213 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
3
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
9
$0
Total Directors
2
$125,249
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOLLE SMITH DIRECTOR 40.00
Director
$91,049 $0 $91,049
DENISE ELLIS ASSISTANT DI 20.00
Director
$34,200 $0 $34,200
MARK BLANKENSHIP BOARD MEMBER N/A
Officer
$0 $0 $0
DEREK DICKENS BOARD CHAIRM N/A
Officer
$0 $0 $0
CHARLES D HARPER SECRETARY/TR N/A
Officer
$0 $0 $0
JEFF HODGES BOARD MEMBER N/A
Officer
$0 $0 $0
VERNON JOHNSON VICE CHAIRMA N/A
Officer
$0 $0 $0
SAMMY JUDAH BOARD MEMEBE N/A
Officer
$0 $0 $0
STEVE MCKINNON BOARD MEMBER N/A
Officer
$0 $0 $0
KEVIN SMITH BOARD MEMBER N/A
Officer
$0 $0 $0
JAYME STAYTON BOARD MEMBER 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 $323,809 $335,780 $504,176 $-11,971
2023 $354,470 $307,257 $512,724 $47,213
2022 $330,277 $381,896 $464,307 $-51,619
2021 $691,032 $324,323 $514,408 $366,709
2020 $332,150 $273,792 $171,957 $58,358
2019 $314,150 $320,812 $88,599 $-6,662
2018 $302,400 $332,872 $95,314 $-30,472
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