TISHOMINGO COUNTY DEVELOPMENT FOUNDATION (EIN 510226045) - 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

1975

Legal Domicile

Principal Officer

FRED TRUESDALE

Phone

6624239933

Tax Period

2023-01-01 to 2023-12-31

TISHOMINGO COUNTY DEVELOPMENT FOUNDATION, founded in 1975, is a small nonprofit that reported $250K in total revenue in fiscal year 2023. Expenses of $225K left a modest 10% surplus.

Mission

PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT WITHIN TISHOMINGO COUNTY, MISSISSIPPI.

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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 $248,869

Program Service Revenue $0

Investment Income $1,043

Other Revenue $0

TOTAL REVENUE $249,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,139

Fundraising Expenses $0

Program Expenses $225,389

Other Expenses $47,250

TOTAL EXPENSES $225,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,912	$237,911	+0.1%
Expenses	$225,389	$222,911	+0.0%
Net Income	$24,523	$15,000	+0.6%

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

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
GARY MATTHEWS	EXECUTIVE DI	40.00	Highest	$113,239	$0	$113,239
PEYTON CUMMINGS	SEC/TREAS	N/A	Officer	$0	$0	$0
DON HALL	PAST CHAIRMA	N/A	Officer	$0	$0	$0
MALCOLM KUYKENDALL	VICE CHAIRMA	N/A	Officer	$0	$0	$0
FRED TRUESDALE	CHAIRMAN	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
2024	No data	No data	No data	No data
2023	$249,912	$225,389	$141,779	$24,523
2022	$237,911	$222,911	$120,135	$15,000
2021	$238,816	$231,034	$102,144	$7,782
2020	$239,218	$220,126	$94,217	$19,092
2019	$252,528	$232,430	$75,318	$20,098
2018	$251,871	$259,854	$54,866	$-7,983

TISHOMINGO COUNTY DEVELOPMENT FOUNDATION