MORGAN COUNTY ECONOMIC DEVELOPMENT… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

ALFRED BRANIM

Phone

4233469400

Tax Period

2023-07-01 to 2024-06-30

MORGAN COUNTY ECONOMIC DEVELOPMENT BOARD INC, founded in 1985, is a small nonprofit that reported $624K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 20% operating margin.

Mission

TO RECRUIT AND DEVELOP INDUSTRY IN MORGAN COUNTY, TENNESSEE.

Program Service Accomplishments

Program 1

Expenses: $463,797

TO RECRUIT AND DEVELOP INDUSTRY BY PURCHASING LAND AND BUILDING FACILITIES FOR INDUSTRY THAT EMPLOY MORGAN COUNTY, TENNESSEE CITIZENS.

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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 $406,365

Investment Income $155,283

Other Revenue $61,997

TOTAL REVENUE $623,645

Expense Breakdown

Grants Paid $4,034

Salaries & Benefits $75,779

Fundraising Expenses $0

Program Expenses $463,797

Other Expenses $416,415

TOTAL EXPENSES $496,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$623,645	$492,179	+0.3%
Expenses	$496,228	$329,872	+0.5%
Net Income	$127,417	$162,307	-0.2%

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

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

$66,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA COLLETT	EXECUTIVE DI	40.00	Officer	$58,234	$8,487	$66,721
ALFRED BRANIM	CHAIRMAN	0.20	Officer Director	$0	$0	$0
LARRY WILLIAMS	VICE CHAIRMA	0.20	Officer Director	$0	$0	$0
MICHELLE CAGLEY	SECRETARY	0.20	Officer Director	$0	$0	$0
TIM JOHNSON	TREASURER	0.20	Director	$0	$0	$0
JONATHAN DAGLEY	BOARD MEMBER	0.20	Director	$0	$0	$0
VIC DAVIS	BOARD MEMBER	0.20	Director	$0	$0	$0
AARON FREELS	BOARD MEMBER	0.20	Director	$0	$0	$0
JANETT GALLOWAY	BOARD MEMBER	0.20	Director	$0	$0	$0
C A KELLY	BOARD MEMBER	0.20	Director	$0	$0	$0
CARLA LARUE	BOARD MEMBER	0.20	Director	$0	$0	$0
KASEY PERKINS	BOARD MEMBER	0.20	Director	$0	$0	$0
DOLMAN ROBERTS	BOARD MEMBER	0.20	Director	$0	$0	$0
RAY TUCKER	BOARD MEMBER	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	$623,645	$496,228	$10,828,277	$127,417
2023	$492,179	$329,872	$6,806,877	$162,307
2022	$676,763	$636,350	$7,047,109	$40,413
2021	$1,060,602	$646,397	$8,524,921	$414,205
2020	$1,024,367	$620,376	$8,190,516	$403,991
2019	$745,756	$643,399	$7,897,974	$102,357
2018	$1,476,311	$253,539	$7,212,928	$1,222,772

MORGAN COUNTY ECONOMIC DEVELOPMENT BOARD INC