CALHOUN ECONOMIC DEVELOPMENT CORPORATION (EIN 475182157) - 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

2015

Legal Domicile

Principal Officer

JOHN MCLAUCHLIN

Phone

8036556359

Tax Period

2024-07-01 to 2025-06-30

CALHOUN ECONOMIC DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $161K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $119K, a strong 74% operating margin.

Mission

TO PROMOTE AND ENCOURAGE INDUSTRIAL AND COMMERCIAL DEVELOPMENT OF CALHOUN COUNTY.

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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 $0

Program Service Revenue $157,751

Investment Income $0

Other Revenue $2,771

TOTAL REVENUE $160,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,546

Other Expenses $41,546

TOTAL EXPENSES $41,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,522	$496,221	-0.7%
Expenses	$41,546	$396,072	-0.9%
Net Income	$118,976	$100,149	+0.2%

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
JAMES HAIGLER	BOARD CHAIR	N/A	Officer	$0	$0	$0
RICHARD HALL	VP/BOARD MEM	N/A	Officer	$0	$0	$0
JOHN MCLAUCHLIN	PRESIDENT	N/A	Officer	$0	$0	$0
CECIL THORNTON	BOARD VICE C	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	$160,522	$41,546	$644,818	$118,976
2024	No data	No data	No data	No data
2023	$89,368	$4,500	$423,123	$84,868
2022	$286,630	$68,845	$338,255	$217,785
2021	$226,591	$155,613	$183,640	$70,978
2020	$152,326	$240,643	$192,208	$-88,317
2019	$164,345	$9,063	$369,103	$155,282
2018	$100,208	$145,767	$2,572,091	$-45,559

CALHOUN ECONOMIC DEVELOPMENT CORPORATION