BARNWELL COUNTY ECON DEVELOPMENT CORP (EIN 570886869) - 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

1989

Legal Domicile

Principal Officer

TOMMY BOYLESTON

Phone

8032591263

Tax Period

2023-07-01 to 2024-06-30

BARNWELL COUNTY ECON DEVELOPMENT CORP, founded in 1989, is a micro nonprofit that reported $57K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $536K exceeded revenue, resulting in a 839% operating deficit.

Mission

TO ENCOURAGE INDUSTRY TO LOCATE IN BARNWELL COUNTY

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $48,001

Investment Income $9,042

Other Revenue $0

TOTAL REVENUE $57,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,975

Fundraising Expenses $0

Program Expenses $432,639

Other Expenses $454,855

TOTAL EXPENSES $535,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,043	$60,894	-0.1%
Expenses	$535,830	$516,903	+0.0%
Net Income	$-478,787	$-456,009	+0.0%

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

$89,755

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMMY BOYLESTON	EXECUTIVE DIRECTOR	40.00	Director	$89,755	$0	$89,755
ERIC MOODY	SECRETARY	0.20	Officer Director	$0	$0	$0
WILL KEARSE	CHAIR	0.20	Officer Director	$0	$0	$0
DON HARPER	DIRECTOR	0.20	Director	$0	$0	$0
TOBY SINGLETARY	VICE CHAIR	0.20	Officer Director	$0	$0	$0
STEVE JOWERS	DIRECTOR	0.20	Director	$0	$0	$0
HAROLD BUCKMAN	DIRECTOR	0.20	Director	$0	$0	$0
ALICIA DAVIS	DIRECTOR	0.20	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	No data	No data	No data	No data
2024	$57,043	$535,830	$6,180,928	$-478,787
2023	$60,894	$516,903	$6,666,565	$-456,009
2022	$-66,697	$639,755	$7,475,015	$-706,452
2021	$347,544	$737,029	$8,191,552	$-389,485
2020	$269,228	$619,375	$8,574,398	$-350,147
2019	$51,612	$523,065	$8,906,099	$-471,453
2018	$-485,459	$467,367	$9,377,552	$-952,826

BARNWELL COUNTY ECON DEVELOPMENT CORP