STAFFORD COUNTY ECONOMIC DEVELOPMENT INC (EIN 453261720) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

JEFF BARNEY

Phone

6205493527

Tax Period

2023-01-01 to 2023-12-31

STAFFORD COUNTY ECONOMIC DEVELOPMENT INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $668K, a strong 47% operating margin.

Mission

TO PROMOTE ECONOMIC AND POPULATION GROWTH THROUGHOUT THE COUNTY BY ASSISTING OUR LOCAL BUSINESSES, ENGAGING IN COMMUNITY ACTIVITIES, AND PROMOTING STAFFORD COUNTY AS A GREAT PLACE TO LIVE, WORK AND PLAY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,216,391

Program Service Revenue $238,278

Investment Income $-18,290

Other Revenue $0

TOTAL REVENUE $1,436,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,105

Fundraising Expenses $0

Program Expenses $689,849

Other Expenses $646,075

TOTAL EXPENSES $768,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,436,379	$1,067,232	+0.3%
Expenses	$768,180	$523,168	+0.5%
Net Income	$668,199	$544,064	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$34,619

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES RUSSELL	EXECUTIVE DI	40.00	Officer	$33,688	$931	$34,619
JEFF BARNEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRAVIS ALLEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TYLER AXMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT APPLETON	TREASURER	1.00	Officer Director	$0	$0	$0
HANNAH BRUMMER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH LAMB	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA PETERSON	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,436,379	$768,180	$6,016,908	$668,199
2022	$1,067,232	$523,168	$5,447,418	$544,064
2021	$1,157,793	$401,802	$4,925,873	$755,991
2020	$637,070	$600,711	$4,402,469	$36,359
2019	$427,628	$425,497	$4,492,080	$2,131
2018	$1,353,476	$172,745	$4,429,385	$1,180,731

STAFFORD COUNTY ECONOMIC DEVELOPMENT INC