Morehouse Economic Development Corporation (EIN 581602245) - 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

1984

Legal Domicile

Phone

3182834000

Tax Period

2024-10-01 to 2025-09-30

Morehouse Economic Development Corporation, founded in 1984, is a micro nonprofit that reported $83K in total revenue in fiscal year 2024. The organization ran a surplus of $23K, a strong 28% operating margin.

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 $82,531

Program Service Revenue $0

Investment Income $433

Other Revenue $0

TOTAL REVENUE $82,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,800

Fundraising Expenses $0

Other Expenses $22,037

TOTAL EXPENSES $59,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,964	$79,237	+0.0%
Expenses	$59,837	$68,754	-0.1%
Net Income	$23,127	$10,483	+1.2%

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

$37,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kay W King	Executive Direc	40.00	Director	$37,800	$0	$37,800
Pudden Young	Director	0.00	Director	$0	$0	$0
Loe Dunn	Director	0.00	Director	$0	$0	$0
Mario Bershell	Director	0.00	Director	$0	$0	$0
Allen Spires Jr	Director	0.00	Director	$0	$0	$0
Robert Green	Director	0.00	Director	$0	$0	$0
Justina Brown	Director	0.00	Director	$0	$0	$0
Kathy Lenard	Secretary/Treas	0.00	Director	$0	$0	$0
Glen Melton	Director	0.00	Director	$0	$0	$0
Billy Jordan	Chairman	0.00	Director	$0	$0	$0
Odis Hill	Vice Chairman	0.00	Director	$0	$0	$0
Debbie Rogers	Director	0.00	Director	$0	$0	$0
Alex Rankin	Director	0.00	Director	$0	$0	$0
Nita Dunn	Asst, Secretary	0.00	Director	$0	$0	$0
Clarence Hawkins	Director	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	$82,964	$59,837	$161,676	$23,127
2024	$79,237	$68,754	$186,049	$10,483
2019	$57,098	$62,985	$165,400	$-5,887
2018	$64,499	$58,488	$171,323	$6,011

Morehouse Economic Development Corporation