ECONOMIC IMPROVEMENT COUNCIL INC (EIN 560857026) - 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

1966

Legal Domicile

Principal Officer

Landon Mason

Phone

2524824458

Tax Period

2024-07-01 to 2025-06-30

ECONOMIC IMPROVEMENT COUNCIL INC, founded in 1966, is a mid-sized nonprofit in the Human Services sector that reported $26.3M in total revenue in fiscal year 2024.

Mission

It is the Mission of the Economic Improvement Council, Inc. in partnership with the communities to promote the economic, physical and social well-being of its customers by providing high quality services to assist low-income people to become self-sufficient.

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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 $26,049,675

Program Service Revenue $0

Investment Income $15,721

Other Revenue $283,486

TOTAL REVENUE $26,348,882

Expense Breakdown

Grants Paid $7,611,844

Salaries & Benefits $11,202,180

Fundraising Expenses $0

Program Expenses $24,342,702

Other Expenses $6,873,653

TOTAL EXPENSES $25,687,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,348,882	$26,478,111	0.0%
Expenses	$25,687,677	$25,482,445	+0.0%
Net Income	$661,205	$995,666	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

282

Volunteers

1054

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

$390,448

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Landon Mason	Executive Dir.	40.00	Officer	$217,742	$40,124	$257,866
Jose Taylor	CFO	40.00	Officer	$114,994	$17,588	$132,582
Dr William Sawyer	President	1.50	Officer Director	$0	$0	$0
Melvin Norman	Vice President	1.50	Officer Director	$0	$0	$0
Nina Griswell	Secretary/Treas	1.50	Officer Director	$0	$0	$0
Sheila Gregory	Director	1.00	Director	$0	$0	$0
Glorious Elliott	Director	1.00	Director	$0	$0	$0
Jakeema Spencer	Director	1.00	Director	$0	$0	$0
Robert Williams Sr	Director	1.00	Director	$0	$0	$0
Jessica Davenport	Director	1.00	Director	$0	$0	$0
James C Cole	Director	1.00	Director	$0	$0	$0
Wanda W Harvey	Director	1.00	Director	$0	$0	$0
Thomas Wood	Director	1.00	Director	$0	$0	$0
Preciosa Diaz	Director	1.00	Director	$0	$0	$0
Jerry M McCrary	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	$26,348,882	$25,687,677	$5,681,012	$661,205
2024	No data	No data	No data	No data
2023	$24,853,738	$25,401,578	$4,285,563	$-547,840
2022	$23,822,992	$23,327,799	$4,849,921	$495,193
2021	$20,948,013	$19,798,164	$4,246,156	$1,149,849
2020	$23,784,862	$23,179,639	$3,379,746	$605,223
2019	$18,747,997	$19,022,242	$2,287,599	$-274,245
2018	$17,526,466	$17,681,739	$2,545,825	$-155,273

ECONOMIC IMPROVEMENT COUNCIL INC