BLOUNT COUNTY ECONOMIC DEVELOPMENT COUNCIL INC

EIN: 471377409

ONEONTA, AL

Total Revenue
$378,809
Total Expenses
$346,711
Total Assets
$187,664
Net Assets
$185,664
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
AL
Principal Officer
DON MITCHELL
Phone
2056253305
Tax Period
2025-01-01 to 2025-12-31

BLOUNT COUNTY ECONOMIC DEVELOPMENT COUNCIL INC, founded in 2014, is a small nonprofit that reported $379K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $347K left a modest 8% surplus.

Mission

TO INCREASE ECONOMIC OPPORTUNITIES FOR BLOUNT COUNTY, ALABAMA BY CREATING AN ATMOSPHERE FOR THE EXPANSION, RETENTION AND RECRUITMENT OF BUSINESSES THAT WILL RESULT IN JOB GROWTH AND IMPROVED QUAILITY OF LIFE.

Program Service Accomplishments

Program 1
Expenses: $60,337

RECRUITMENT OF MAJOR RETAIL DEVELOPMENT TO WESTERN BLOUNT COUNTY TO INCLUDE FAST FOOD RESTAURANTS AND GAS STATION/TRAVEL CENTERS. ASSIST IN PROJECT PLANNING, OVERSIGHT AND CONSTRUCTION OF FACILITIES...

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RECRUITMENT OF MAJOR RETAIL DEVELOPMENT TO WESTERN BLOUNT COUNTY TO INCLUDE FAST FOOD RESTAURANTS AND GAS STATION/TRAVEL CENTERS. ASSIST IN PROJECT PLANNING, OVERSIGHT AND CONSTRUCTION OF FACILITIES, AS WELL AS NEGOTIATIONS WITH UTILITIES AND CORPS OF ENGINEERS. APPLY FOR AND GRANT FUNDING FOR EXPANSION OF ROAD AND UTILITIES AND ASSISTANCE WITH PUBLIC PROCESSES FOR INCENTIVE PACKAGES

Program 2
Expenses: $46,624

CREATION AND DEVELOPMENT OF EXISTING INDUSTRY PROGRAMS WHEREIN INDUSTRIES WERE EXPANDED OR CREATED AND EDUCATIONAL ROUNDTABLE PROGRAMS WERE CONDUCTED

Program 3
Expenses: $30,168

RESEARCH GRANT OPPPORTUNITIES FOR THE IMPROVEMENTS OF INFRASTRUCTURE, EDUCATION AND PUBLIC SERVICES. RESEARCH REGARDING ECONOMIC DEVELOPMENT, WORKFORCE TRAINING AND ECONOMIC GROWTH OPPORTUNITIES...

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RESEARCH GRANT OPPPORTUNITIES FOR THE IMPROVEMENTS OF INFRASTRUCTURE, EDUCATION AND PUBLIC SERVICES. RESEARCH REGARDING ECONOMIC DEVELOPMENT, WORKFORCE TRAINING AND ECONOMIC GROWTH OPPORTUNITIES. PROVIDE BOARD STAFF, DIRECTORS,STAKEHOLDERS, AND COUNTY AND MUNICIPAL OFFICIALS WITH TRAINING AND EDUCATIONAL OPPORTUNITIES IN THE AREAS OF BUSINESS RECRUITMENT AND RETENTION, ECONOMIC DEVELOPMENT, TOURISM AND STATE AND LOCAL INCENTIVES. PROVIDE ECONOMICAL SUPPORT TO THE COUNTY AND MUNICIPALITIES. PARTICIPATE IN REGIONAL AND STATE WIDE PLANNING AND WORKFORCE DEVELOPMENT INITIATIVES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $376,579
Program Service Revenue $0
Investment Income $2,230
Other Revenue $0
TOTAL REVENUE $378,809

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,360
Fundraising Expenses $0
Program Expenses $137,129
Other Expenses $332,351
TOTAL EXPENSES $346,711

Year-over-Year Comparison

2025 2024 Change
Revenue $378,809 $308,068 +0.2%
Expenses $346,711 $283,722 +0.2%
Net Income $32,098 $24,346 +0.3%
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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Governance

Voting Members
11
Independent Members
11
Employees
2
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
4
$122,387
Total Directors
10
$0
Key Employees
1
$122,387
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON MITCHELL BCEDC MANAGING DIRECTOR 40.00
Officer Key Emp
$122,387 $0 $122,387
DANNY KELLEY CHAIRMAN 1.00
Officer Director
$0 $0 $0
CINDY PARKER TREASURER 1.00
Officer Director
$0 $0 $0
MITCHELL HASTINGS DIRECTOR 1.00
Director
$0 $0 $0
DAVID HAMM DIRECTOR 1.00
Director
$0 $0 $0
DEWON FARMER DIRECTOR 1.00
Director
$0 $0 $0
DAVID HORNSBY VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
KRIS TOWNS DIRECTOR 1.00
Director
$0 $0 $0
DARREN WHITE DIRECTOR 1.00
Director
$0 $0 $0
SPENCER WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
WES DILLARD 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
2025 $378,809 $346,711 $187,664 $32,098
2024 $308,068 $283,722 $155,566 $24,346
2023 $286,705 $264,681 $131,219 $22,024
2022 $269,543 $204,883 $109,197 $64,660
2021 $102,765 $152,139 $44,537 $-49,374
2020 $295,084 $250,617 $124,751 $44,467
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