SOUTHEAST ECONOMIC DEVELOPMENT FUND INC (EIN 464284923) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

DENIS MOORE

Phone

5734314296

Tax Period

2024-10-01 to 2025-09-30

SOUTHEAST ECONOMIC DEVELOPMENT FUND INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $156K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $189K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE OR CONTINUE EMPLOYMENT FOR LOW INCOME INDIVIDUALS BY ASSISTING THOSE BUSINESSES THAT ARE OWNED OR EMPLOY LOW INCOME INDIVIDUALS. THIS IS DONE BY PROVIDING BUSINESS ADVISORY SERVICES AND LOAN PRODUCTS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $136,806

Program Service Revenue $7,716

Investment Income $10,991

Other Revenue $0

TOTAL REVENUE $155,513

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $117,677

Fundraising Expenses $0

Program Expenses $189,114

Other Expenses $61,437

TOTAL EXPENSES $189,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,513	$232,874	-0.3%
Expenses	$189,114	$250,609	-0.2%
Net Income	$-33,601	$-17,735	+0.9%

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
BRENT GANT	DIRECTOR	N/A	Director	$0	$0	$0
TIM HARBISON	DIRECTOR	N/A	Director	$0	$0	$0
JANEY RADFORD	DIRECTOR	N/A	Director	$0	$0	$0
KRAIG SUTHERLAND	DIRECTOR	N/A	Director	$0	$0	$0
DENIS MOORE	CHAIRMAN	N/A	Officer	$0	$0	$0
JIM THOMPSON	TREASURER	N/A	Officer	$0	$0	$0
SARAH THURMAN	SECRETARY	N/A	Officer	$0	$0	$0
TAMI WHITE	VICE CHAIR	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
2025	$155,513	$189,114	$718,301	$-33,601
2024	$232,874	$250,609	$811,093	$-17,735
2023	$193,678	$161,446	$736,844	$32,232
2022	$255,497	$162,666	$670,455	$92,831
2021	$100,505	$121,677	$577,624	$-21,172
2020	$121,707	$111,020	$611,241	$10,687
2019	$125,627	$95,868	$599,087	$29,759
2018	$123,752	$159,758	$570,696	$-36,006

SOUTHEAST ECONOMIC DEVELOPMENT FUND INC