Area Development Partnership Inc (EIN 570884979) - 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

Phone

6012967500

Tax Period

2024-10-01 to 2025-09-30

Area Development Partnership Inc is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024.

Mission

Enhance economic growth and development through enrichment of community involvement and support

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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 $745,000

Program Service Revenue $1,623,220

Investment Income $47,689

Other Revenue $0

TOTAL REVENUE $2,415,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,439,102

Fundraising Expenses $0

Other Expenses $1,041,233

TOTAL EXPENSES $2,480,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,415,909	$2,500,963	0.0%
Expenses	$2,480,335	$2,381,866	+0.0%
Net Income	$-64,426	$119,097	-1.5%

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

$709,495

Total Directors

$384,361

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Newell	President	39.00	Officer Director	$363,108	$21,253	$384,361
Jason Jackson	Vice President	40.00	Officer	$208,979	$11,132	$220,111
Gwen Hicks	CFO	39.00	Officer	$94,586	$10,437	$105,023
John Johnson	Chairman	0.00	Officer Director	$0	$0	$0
John Griffith	Vice-chair	0.00	Officer Director	$0	$0	$0
Shea McNease	Treasurer	0.00	Officer Director	$0	$0	$0
Roman Galey	Past Chairman	0.00	Officer Director	$0	$0	$0
Chase Blankenship	Board Member	0.00	Director	$0	$0	$0
Dr Bryan Batson	Board Member	0.00	Director	$0	$0	$0
Cedrick Hurd	Board Member	0.00	Director	$0	$0	$0
David Roberts	Board Member	0.00	Director	$0	$0	$0
Dr Ben Burnett	Board Member	0.00	Director	$0	$0	$0
Nelson Haskin	Board Member	0.00	Director	$0	$0	$0
Grace Kent Johnson	Board Member	0.00	Director	$0	$0	$0
Dr Lance Nail	Board Member	0.00	Director	$0	$0	$0
Chae Carter Wooton	Board Member	0.00	Director	$0	$0	$0
Brandon Hubbard	Board Member	0.00	Director	$0	$0	$0
Josh Mars	Board Member	0.00	Director	$0	$0	$0
Lee Parish	Board Member	0.00	Director	$0	$0	$0
David Saulters	Board Member	0.00	Director	$0	$0	$0
Robert St John	Board Member	0.00	Director	$0	$0	$0
Michael Schloegel	Board Member	0.00	Director	$0	$0	$0
Matthew Ware	Board Member	0.00	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	$2,415,909	$2,480,335	$1,713,908	$-64,426
2024	$2,500,963	$2,381,866	$1,959,445	$119,097
2023	$2,451,369	$2,436,037	$1,751,023	$15,332
2022	$2,438,844	$2,154,867	$1,489,454	$283,977
2021	$1,951,045	$1,832,100	$1,380,468	$118,945
2020	$1,751,631	$1,853,884	$989,072	$-102,253
2019	$1,966,764	$2,063,934	$1,106,468	$-97,170
2018	$2,002,259	$1,935,455	$1,190,285	$66,804

Area Development Partnership Inc