CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 465287847) - 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

2014

Legal Domicile

Principal Officer

CADOR C POWELL

Phone

9043759394

Tax Period

2023-10-01 to 2024-09-30

CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $889K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $799K left a modest 10% surplus.

Mission

WE SEEK TO RECRUIT NEW BUSINESSES TO LOCATE TO CLAY COUNTY AND WORK TO RETAIN AND HELP GROW EXISTING BUSINESSES, ALL IN AN EFFORT TO: PROVIDE QUALITY, HIGH-WAGE EMPLOYMENT OPPORTUNITIES; DIVERSIFY THE LOCAL ECONOMY; GROW THE NON-RESIDENTIAL TAX BASE; AND IMPROVE THE OVERALL BUSINESS CLIMATE AND QUALITY OF LIFE IN CLAY COUNTY FOR ITS CITIZENS AND FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $823,196

Program Service Revenue $61,129

Investment Income $5,087

Other Revenue $0

TOTAL REVENUE $889,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,045

Fundraising Expenses $0

Program Expenses $708,935

Other Expenses $492,696

TOTAL EXPENSES $798,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$889,412	$711,115	+0.3%
Expenses	$798,741	$704,886	+0.1%
Net Income	$90,671	$6,229	+13.6%

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

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

$336,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE EGAN	CHAIRMAN	10.00	Officer Director	$0	$0	$0
VAN ROYAL	VICE-CHAIRMAN	5.00	Officer Director	$0	$0	$0
FRANK MILLER	TREASURER & SECRETARY	5.00	Officer Director	$0	$0	$0
JERRY AGRESTI	DIRECTOR	5.00	Director	$0	$0	$0
ROB BRADLEY	DIRECTOR	5.00	Director	$0	$0	$0
RUSSELL BUCK	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN KNIGHT	DIRECTOR	5.00	Director	$0	$0	$0
TED MCGOWAN	DIRECTOR	5.00	Director	$0	$0	$0
JOE MOBLEY	DIRECTOR	5.00	Director	$0	$0	$0
JOE PICKENS	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL RATHJEN	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN RINKS	DIRECTOR	5.00	Director	$0	$0	$0
JEFF TAYLOR	DIRECTOR	5.00	Director	$0	$0	$0
MORGAN WILBANKS	DIRECTOR	5.00	Director	$0	$0	$0
CADOR C POWELL	PRESIDENT	50.00	Officer	$172,786	$6,628	$179,414
LAURA PAVLUS	SENIOR VICE PRESIDENT	50.00	Officer	$145,000	$12,189	$157,189

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	$889,412	$798,741	$330,875	$90,671
2023	$711,115	$704,886	$244,861	$6,229
2022	$541,743	$549,557	$238,339	$-7,814
2021	$507,358	$444,756	$255,331	$62,602
2020	$380,844	$380,563	$218,369	$281
2019	$425,083	$390,633	$179,371	$34,450
2018	$386,584	$330,379	$141,119	$56,205

CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION