ECONOMIC DEVELOPMENT ALLIANCE OF BAY COUNTY INC

EIN: 454008525 Community Improvement

PANAMA CITY, FL

Total Revenue
$768,020
Total Expenses
$822,673
Total Assets
$384,380
Net Assets
$384,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
Principal Officer
REBECCA HARDIN
Phone
8502159965
Tax Period
2023-10-01 to 2024-09-30

ECONOMIC DEVELOPMENT ALLIANCE OF BAY COUNTY INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $768K in total revenue in fiscal year 2023.

Mission

THE BAY ECONOMIC DEVELOPMENT ALLIANCE (EDA) IS A PUBLIC/PRIVATE NOT-FOR- PROFIT ORGANIZATION DEDICATED TO CREATING NEW QUALITY JOBS WHICH INCREASE THE WEALTH IN THE COMMUNITY WHILE SUSTAINING AND GROWING THE EXISTING ECONOMIC BASE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,150
Program Service Revenue $754,140
Investment Income $9,730
Other Revenue $0
TOTAL REVENUE $768,020

Expense Breakdown

Grants Paid $0
Salaries & Benefits $535,871
Fundraising Expenses $0
Program Expenses $698,928
Other Expenses $286,802
TOTAL EXPENSES $822,673

Year-over-Year Comparison

2023 2022 Change
Revenue $768,020 $739,140 +0.0%
Expenses $822,673 $746,896 +0.1%
Net Income $-54,653 $-7,756 +6.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
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
$299,415
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA HARDIN PRESIDENT 40.00
Officer
$167,660 $0 $167,660
BENJAMIN MOORMAN VICE PRESIDE 40.00
Officer
$131,755 $0 $131,755
KIM BODINE 24 MEMBER, 2 N/A
Director
$0 $0 $0
SHANE BOYETT 24 CHAIR, 23 5.00
Officer Director
$0 $0 $0
GREG BRUDNICKI 23 MEMBER N/A
Director
$0 $0 $0
PATRICK CHAPIN 24 MEMBER N/A
Director
$0 $0 $0
CHASE CHRISTIANSON 24 INV APP 5.00
Officer Director
$0 $0 $0
WILL CRAMER 23 P CHAIR 5.00
Officer Director
$0 $0 $0
WILLIAM DOZIER 23 MEMBER N/A
Director
$0 $0 $0
JORGE GONZALEZ 24 MEMBER, 2 N/A
Director
$0 $0 $0
CHRIS HART 24 MEMBER N/A
Director
$0 $0 $0
HARVEY HOLLINGSWORTH 23 MEMBER N/A
Director
$0 $0 $0
PATRICK JONES 24 P CHAIR, 5.00
Officer Director
$0 $0 $0
ALEX KING 24 MEMBER N/A
Director
$0 $0 $0
BOB MAJKA 24 MEMBER, 2 N/A
Director
$0 $0 $0
PARKER MCCLELLAN 24 MEMBER N/A
Director
$0 $0 $0
GLEN MCDONALD 24 MEMBER, 2 N/A
Director
$0 $0 $0
KRISTOPHER MCLANE 24 MEMBER, 2 N/A
Director
$0 $0 $0
HOLLY MELZER 23 MEMBER N/A
Director
$0 $0 $0
JAY MOODY 24 TREAS, 23 5.00
Officer Director
$0 $0 $0
JESSE NELSON 24 MEMBER, 2 N/A
Director
$0 $0 $0
ANGELA REESE 24 SECR, 23 5.00
Officer Director
$0 $0 $0
CAROL ROBERTS 23 MEMBER N/A
Director
$0 $0 $0
MICHAEL ROHAN 24 MEMBER N/A
Director
$0 $0 $0
DAN ROWE 24 MEMBER, 2 N/A
Director
$0 $0 $0
MARK SHELDON 23 MEMBER N/A
Director
$0 $0 $0
KYLE SHOOTS 24 V CHAIR, 5.00
Officer Director
$0 $0 $0
JOE SORCI 23 MEMBER N/A
Director
$0 $0 $0
STUART TETTEMER 24 MEMBER N/A
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 $768,020 $822,673 $384,380 $-54,653
2023 $739,140 $746,896 $439,033 $-7,756
2022 $1,214,392 $1,177,471 $446,789 $36,921
2021 $698,360 $653,459 $414,913 $44,901
2020 $738,005 $601,692 $370,012 $136,313
2019 $729,214 $649,963 $233,699 $79,251
2018 $645,150 $634,684 $154,448 $10,466
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