LOWNDES COUNTY ECONOMIC DEVELOPMENT COMMISSION (EIN 463011080) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

THOMAS ELLIS

Phone

3343718400

Tax Period

2023-10-01 to 2024-09-30

LOWNDES COUNTY ECONOMIC DEVELOPMENT COMMISSION, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $107K in total revenue in fiscal year 2017. The organization ran a surplus of $50K, a strong 47% operating margin.

Mission

NO FORMAL MISSION STATEMENT BUT THE LOWNDES COUNTY ECONOMIC DEVELOPMENT COMMISSION EXISTS TO RECRUIT INDUSTRY TO LOWNDES COUNTY ALABAMA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,500

Investment Income $1,233

Other Revenue $0

TOTAL REVENUE $95,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $97,102

TOTAL EXPENSES $97,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,733	$106,561	-0.1%
Expenses	$97,102	$94,234	+0.0%
Net Income	$-1,369	$12,327	-1.1%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE BAINBRIDGE	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY BLACK	DIRECTOR	N/A	Director	$0	$0	$0
AUBREY CARTER	SECRETARY	N/A	Officer Director	$0	$0	$0
EVELYN CAUSEY	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS ELLIS	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ERNIE FAULKNER	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
JERRY INGRAM	DIRECTOR	N/A	Director	$0	$0	$0
CHARLIE KING JR	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
JOHN LYON	TREASURER	N/A	Officer Director	$0	$0	$0
TERRY MOSELEY	DIRECTOR	N/A	Director	$0	$0	$0
0RBUTY OZIER	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM SCOTT	DIRECTOR	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	$95,733	$97,102	$214,386	$-1,369
2023	$106,561	$94,234	$215,755	$12,327
2022	$92,012	$91,262	$203,428	$750
2021	$102,358	$94,946	$202,678	$7,412
2020	$104,842	$90,383	$195,266	$14,459
2019	$119,796	$60,816	$180,807	$58,980
2018	$107,017	$57,248	$121,827	$49,769

LOWNDES COUNTY ECONOMIC DEVELOPMENT COMMISSION