LEXINGTON COUNTY DEVELOPMENT CORPORATION (EIN 570737954) - 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

Legal Domicile

Principal Officer

EDDIE RICHARDSON

Phone

8033155043

Tax Period

2024-07-01 to 2025-06-30

LEXINGTON COUNTY DEVELOPMENT CORPORATION is a small nonprofit that reported $128K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $119K left a modest 7% surplus.

Mission

ECONOMIC DEVELOPMENT

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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 $0

Program Service Revenue $0

Investment Income $4,517

Other Revenue $123,643

TOTAL REVENUE $128,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $91,121

Other Expenses $118,625

TOTAL EXPENSES $118,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,160	$150,965	-0.2%
Expenses	$118,625	$112,444	+0.1%
Net Income	$9,535	$38,521	-0.8%

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
KEVIN ADAMS	VICE CHAIR	7.00	Officer Director	$0	$0	$0
DONALD BURKETT	PAST CHAIR	5.00	Director	$0	$0	$0
SUSAN CLIFTON	BOARD MEMBER	3.00	Director	$0	$0	$0
BLAKE DOWD	TREASURER	4.00	Officer Director	$0	$0	$0
MORGAN HARRELL	SECRETARY	6.00	Officer Director	$0	$0	$0
RICHARD JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG CLARY JR	BOARD MEMBER	3.00	Director	$0	$0	$0
GREG LITTLE	BOARD MEMBER	2.00	Director	$0	$0	$0
ELISE PARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT PORTH	BOARD MEMBER	3.00	Director	$0	$0	$0
EDDIE RICHARDSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
AKIL ROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROGER SIPE	BOARD MEMBER	4.00	Director	$0	$0	$0
BEN SPEARMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DEBBIE SUMMERS	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE TAYLOR	BOARD MEMBER	3.00	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	$128,160	$118,625	$745,131	$9,535
2024	$150,965	$112,444	$735,596	$38,521
2023	$138,997	$178,324	$697,073	$-39,327
2022	$7,005	$25,632	$736,400	$-18,627
2021	$-35,720	No data	$755,027	No data

LEXINGTON COUNTY DEVELOPMENT CORPORATION