LOWCOUNTRY REGIONAL DEVELOPMENT CORPORATION (EIN 570760598) - 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

1983

Legal Domicile

Principal Officer

SHERRY G SMITH

Phone

8437265536

Tax Period

2017-10-01 to 2018-09-30

LOWCOUNTRY REGIONAL DEVELOPMENT CORPORATION, founded in 1983, is a micro nonprofit that reported $140 in total revenue in fiscal year 2017. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 4994% operating deficit.

Mission

THE ORGANIZATION STIMULATES ECONOMIC DEVELOPMENT IN A FOUR COUNTY AREA BY MAKING VARIOUS FINANCING OPTIONS AND BUSINESS SITES AVAILABLE.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $140

Other Revenue $0

TOTAL REVENUE $140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,132

Other Expenses $7,132

TOTAL EXPENSES $7,132

Year-over-Year Comparison

	2017	2016	Change
Revenue	$140	$5,155	-1.0%
Expenses	$7,132	N/A	N/A
Net Income	$-6,992	$5,155	-2.4%

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
MR MICHAEL COVERT	BOARD MEMBER	2.00	Director	$0	$0	$0
MR PHILIP CROMER	BOARD MEMBER	2.00	Director	$0	$0	$0
MR GERALD DAWSON	EXEC CMTE	2.00	Director	$0	$0	$0
MR BRIAN FLEWELLING	TREASURER	2.00	Officer Director	$0	$0	$0
MR HERBERT GLAZE	BOARD MEMBER	2.00	Director	$0	$0	$0
MR YORK GLOVER	BOARD MEMBER	2.00	Director	$0	$0	$0
MR MARC GRANT	BOARD MEMBER	2.00	Director	$0	$0	$0
MS MARY BETH HEYWARD	BOARD MEMBER	2.00	Director	$0	$0	$0
MS ALICE HOWARD	BOARD MEMBER	2.00	Director	$0	$0	$0
MR JOSEPH MCDOMICK	BOARD MEMBER	2.00	Director	$0	$0	$0
MR DAN WOOD	BOARD MEMBER	2.00	Director	$0	$0	$0
MS ESTHER BLACK	BOARD MEMBER	2.00	Director	$0	$0	$0
MR BOBBY BONDS	CHAIR	2.00	Officer Director	$0	$0	$0
DR JOE FLOWERS	BOARD MEMBER	2.00	Director	$0	$0	$0
MR TOMMY MANN	BOARD MEMBER	2.00	Director	$0	$0	$0
MR CRAWFORD MOORE	BOARD MEMBER	2.00	Director	$0	$0	$0
MR EVON ROBINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MR GENE WHETSELL	EXEC CMTE	2.00	Director	$0	$0	$0
MAYOR TIM GRIMSLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MR PETE HAGOOD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MR RONALD MIXSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MR TRAVIS PETE MIXSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MR BUDDY PHILLIPS	EXEC CMTE	2.00	Director	$0	$0	$0
CHARLES SAVINO	BOARD MEMBER	2.00	Director	$0	$0	$0
MAYOR NAT SHAFFER	BOARD MEMBER	2.00	Director	$0	$0	$0
JL GOODWIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN CARROLL	SECRETARY	2.00	Officer Director	$0	$0	$0
MR TOM JOHNSON	EXEC CMTE	2.00	Director	$0	$0	$0
MR HENRY LAWTON SR	BOARD MEMBER	2.00	Director	$0	$0	$0
MAYOR JOEY MALPHRUS	BOARD MEMBER	2.00	Director	$0	$0	$0
DR GWEN JOHNSON SMITH	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
2018	$140	$7,132	$378,004	$-6,992

LOWCOUNTRY REGIONAL DEVELOPMENT CORPORATION