SOUTHEASTERN BOLL WEEVIL ERADICATION FOUNDATION INC (EIN 561578321) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

GEORGE MICHAEL MULLENDORE

Phone

3342834106

Tax Period

2023-01-01 to 2023-12-31

SOUTHEASTERN BOLL WEEVIL ERADICATION FOUNDATION INC, founded in 1988, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2020.

Mission

TO ERADICATE THE BOLL WEEVIL FROM THE COTTON FIELDS IN THE SOUTHEAST UNITED STATES AND TO MAINTAIN ERADICATION THROUGH POST ERADICATION MONITORING OF ALL COTTON FIELDS IN THE SOUTHEAST UNITED STATES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,391,772

Investment Income $75,119

Other Revenue $5,108

TOTAL REVENUE $2,471,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,271,592

Fundraising Expenses $0

Other Expenses $1,309,811

TOTAL EXPENSES $2,581,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,471,999	$2,889,290	-0.1%
Expenses	$2,581,403	$2,947,847	-0.1%
Net Income	$-109,404	$-58,557	+0.9%

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

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

$179,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN MCLAURIN	DIRECTOR	0.00	Director	$0	$0	$0
BILL FOOTE	DIRECTOR	0.00	Director	$0	$0	$0
BOYD BARKER	DIRECTOR	0.00	Director	$0	$0	$0
CARL BROWN JR	DIRECTOR	0.00	Director	$0	$0	$0
COLEY BAILEY	DIRECTOR	0.00	Director	$0	$0	$0
DAVID GRANT	DIRECTOR	0.00	Director	$0	$0	$0
DRAKE PERROW	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
HASSEY BROOKS	DIRECTOR	0.00	Director	$0	$0	$0
JERRY DAVIS	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
JOHN LINDAMOOD	CHAIRMAN	0.00	Officer Director	$0	$0	$0
LARRY NICHOLS	DIRECTOR	0.00	Director	$0	$0	$0
LEWIS JOE SMITH	DIRECTOR	0.00	Director	$0	$0	$0
RICKY WIGGINS	DIRECTOR	0.00	Director	$0	$0	$0
STEVE DROKE	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN H LONG	DIRECTOR	0.00	Director	$0	$0	$0
TRIPP HAYES	DIRECTOR	0.00	Director	$0	$0	$0
TYSON EMERY	DIRECTOR	0.00	Director	$0	$0	$0
WALT CORCORAN	DIRECTOR	0.00	Director	$0	$0	$0
WILLIE GERMAN	DIRECTOR	0.00	Director	$0	$0	$0
ROSALEE KNIPP	DIRECTOR	0.00	Director	$0	$0	$0
RILEY JAMES	DIRECTOR	0.00	Director	$0	$0	$0
BARRY BEAN	DIRECTOR	0.00	Director	$0	$0	$0
RANDY EVERETT	DIRECTOR	0.00	Director	$0	$0	$0
GEORGE M MULLENDORE	EXECUTIVE DIRECTOR	40.00	Officer	$166,356	$13,247	$179,603
JAMES T BRUMLEY	ADVISOR	40.00	Highest	$160,382	$11,717	$172,099

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	$2,471,999	$2,581,403	$4,541,469	$-109,404
2022	$2,889,290	$2,947,847	$4,706,982	$-58,557
2021	$2,902,202	$2,976,566	$4,695,004	$-74,364
2020	$2,884,407	$3,004,476	$4,793,319	$-120,069

SOUTHEASTERN BOLL WEEVIL ERADICATION FOUNDATION INC