MITCHELL COUNTY DEVELOPMENT FOUNDATION (EIN 562262436) - 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

2001

Legal Domicile

Phone

8284677253

Tax Period

2025-01-01 to 2025-12-31

MITCHELL COUNTY DEVELOPMENT FOUNDATION, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2025. Revenue surged 474% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROMOTE IN THE ECONOMIC DEVELOPMENT OF LOCAL MITCHELL COUNTY COMMUNITIES

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,199,744

Program Service Revenue $0

Investment Income $-85,507

Other Revenue $43,657

TOTAL REVENUE $1,157,894

Expense Breakdown

Grants Paid $1,273,700

Salaries & Benefits $23,403

Fundraising Expenses $0

Program Expenses $1,309,350

Other Expenses $26,104

TOTAL EXPENSES $1,323,207

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,157,894	$201,800	+4.7%
Expenses	$1,323,207	$62,529	+20.2%
Net Income	$-165,313	$139,271	-2.2%

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
LEE ELLIS	TREASURER	2.00	Officer	$0	$0	$0
CHARLES VINES	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JEFF GOUGE	PRESIDENT	2.00	Officer	$0	$0	$0
SANDRA BUCHANAN	SECRETARY	0.00	Officer	$0	$0	$0
JOHN BOYD	BOARD MEMBER	0.00	Officer	$0	$0	$0
CHAD CALHOUN	BOARD MEMBER	0.00	Officer	$0	$0	$0
ALLEN COOK	BOARD MEMBER	0.00	Officer	$0	$0	$0
CHRIS GENTRY	BOARD MEMBER	0.00	Officer	$0	$0	$0
JEFF HARDING	BOARD MEMBER	0.00	Officer	$0	$0	$0
PHILLIP HISE	BOARD MEMBER	0.00	Officer	$0	$0	$0
KEITH HOLTSCLAW	BOARD MEMBER	0.00	Officer	$0	$0	$0
VAN PHILLIPS	BOARD MEMBER	0.00	Officer	$0	$0	$0
SHARON ROWLAND	BOARD MEMBER	0.00	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	$1,157,894	$1,323,207	$748,451	$-165,313
2024	$201,800	$62,529	$912,007	$139,271

MITCHELL COUNTY DEVELOPMENT FOUNDATION