COLLETON COUNTY ECONOMIC ALLIANCE INC (EIN 570662516) - 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

1997

Legal Domicile

Principal Officer

HEYWARD HORTON

Phone

8435499597

Tax Period

2021-07-01 to 2022-06-30

COLLETON COUNTY ECONOMIC ALLIANCE INC, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $132K in total revenue in fiscal year 2021. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $170K exceeded revenue, resulting in a 28% operating deficit.

Mission

IS TO MANAGE THE ECONOMIC GROWTH OF COLLETON COUNTY THROUGH NEW AND EXPANDING MANUFACTURING DISTRIBUTION, AVIATION, AND HEALTHCARE INVESTMENTS WHICH CREATE QUALITY JOBS, IMPROVE PER CAPITA INCOME, AND BROADEN THE TAX BASE.

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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 $132,182

Program Service Revenue $0

Investment Income $57

Other Revenue $0

TOTAL REVENUE $132,239

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $13,022

Fundraising Expenses $0

Program Expenses $133,664

Other Expenses $116,690

TOTAL EXPENSES $169,712

Year-over-Year Comparison

	2021	2020	Change
Revenue	$132,239	$115,352	+0.1%
Expenses	$169,712	$103,133	+0.6%
Net Income	$-37,473	$12,219	-4.1%

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
HEYWARD HORTON	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
DONNA LAMB	EXECUTIVE ASSISTANT	40.00	Director	$0	$0	$0
JASON DANDRIDGE	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANKLIN FOSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
JIMMY HIOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
TODD LITCHFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT MIXON	BOARD MEMBER	2.00	Director	$0	$0	$0
LEE PETROLAWICZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK WALLING	BOARD MEMBER	2.00	Director	$0	$0	$0
TOMMY ROWE	BOARD MEMBER	2.00	Director	$0	$0	$0
KEN SARLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JEREMY WARE	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL YOUNG	BOARD MEMBER	2.00	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
2022	$132,239	$169,712	$99,981	$-37,473

COLLETON COUNTY ECONOMIC ALLIANCE INC