GILMER COUNTY ECONOMIC DEVELOPMENT… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

JEFF CAMPBELL

Phone

3044628098

Tax Period

2021-01-01 to 2021-12-31

GILMER COUNTY ECONOMIC DEVELOPMENT ASSOCIATION, founded in 1963, is a small nonprofit that reported $125K in total revenue in fiscal year 2021. Revenue surged 425% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 93% operating margin.

Mission

PROMOTE AND RETAIN ECONOMIC DEVELOPMENT AND GROWTH FOR GILMER COUNTY AND REGIONALLY

Program Service Accomplishments

Program 1

Expenses: $8,959 Revenue: $22,937

LOCAL ECONOMIC DEVELOPMENT GRANT WAS RECEIVED. SALE OF INDUSTRIAL PARK LAND FOR FUTURE DEVELOPMENT OF BUSINESS CLIENTELLE

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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 (2021)

Revenue Breakdown

Contributions & Grants $210

Program Service Revenue $22,727

Investment Income $101,947

Other Revenue $0

TOTAL REVENUE $124,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,959

Other Expenses $8,959

TOTAL EXPENSES $8,959

Year-over-Year Comparison

	2021	2020	Change
Revenue	$124,884	$23,767	+4.3%
Expenses	$8,959	$66,741	-0.9%
Net Income	$115,925	$-42,974	-3.7%

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
JEFF CAMPBELL	PRESIDENT	20.00	Officer	$0	$0	$0
MARY LEE MCPHERSON	VICE PRESIDENT	2.00	Officer	$0	$0	$0
KATHY GILBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAISY FRYMAN BAILEY	TREASURER	3.00	Officer	$0	$0	$0
BRYAN GROVES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE YEAGER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANITA TOTH SIMPSON	SECRETARY	2.00	Officer	$0	$0	$0
DAVID HUTCHISON	BOARD MEMBER	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
2021	$124,884	$8,959	$322,421	$115,925

GILMER COUNTY ECONOMIC DEVELOPMENT ASSOCIATION