GARRETT COUNTY DEVELOPMENT CORPORATION (EIN 520956893) - 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

1961

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

GARRETT COUNTY DEVELOPMENT CORPORATION, founded in 1961, is a micro nonprofit that reported $4K in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $7K exceeded revenue, resulting in a 67% operating deficit.

Mission

TO ENCOURAGE BUSINESS OPERATIONS IN GARRETT 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 (2022)

Revenue Breakdown

Contributions & Grants $2,000

Program Service Revenue $1,462

Investment Income $476

Other Revenue $29

TOTAL REVENUE $3,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,458

Other Expenses $6,642

TOTAL EXPENSES $6,642

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,967	$2,294	+0.7%
Expenses	$6,642	$2,870	+1.3%
Net Income	$-2,675	$-576	+3.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE C EDWARDS	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM MORAN	BOARD MEMBER	0.50	Director	$0	$0	$0
SHAWN R BENDER	BOARD MEMBER	0.50	Director	$0	$0	$0
JON BELL	BOARD MEMBER	0.50	Director	$0	$0	$0
M ELIZABETH GEORG	CHAIRMAN	0.50	Officer	$0	$0	$0
JULIE YODER	SECRETARY	0.50	Officer	$0	$0	$0
CARISSA L RODEHEAVER	TREASURER	0.50	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	No data	No data	No data	No data
2023	$3,967	$6,642	$400,566	$-2,675
2022	$2,294	$2,870	$403,241	$-576
2021	$6,233	$141,936	$403,817	$-135,703
2020	$311,145	$262,970	$539,520	$48,175
2019	$15,320	$14,398	$491,345	$922
2018	$14,261	$11,110	$490,423	$3,151

GARRETT COUNTY DEVELOPMENT CORPORATION