GREATER KINGSPORT ALLIANCE FOR DEV… - 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

1989

Legal Domicile

Principal Officer

TERRY CUNNINGHAM

Phone

4232450135

Tax Period

2024-04-01 to 2025-03-31

GREATER KINGSPORT ALLIANCE FOR DEVELOPMENT INC, founded in 1989, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO ENGAGE IN ACTIVITIES TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF KINGSPORT, TENNESSEE INCLUDING BUT NOT LIMITED TO PROMOTION OF ACTIVITIES FOR LOW-INCOME HOUSING OPPORTUNITIES AS WELL AS AID IN DEVELOPMENT AND OVERSIGHT OF COMMUNITY BETTERMENT PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $1,193,467 Revenue: $214,929

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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 $1,051,066

Program Service Revenue $214,929

Investment Income $4

Other Revenue $56,305

TOTAL REVENUE $1,322,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,870

Fundraising Expenses $0

Program Expenses $1,193,467

Other Expenses $1,270,405

TOTAL EXPENSES $1,453,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,322,304	$1,145,838	+0.2%
Expenses	$1,453,275	$1,231,038	+0.2%
Net Income	$-130,971	$-85,200	+0.5%

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

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

$118,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH JERVIS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
LINDA CALVERT	VICE-CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ESTHER RODOLPHE	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY JENNINGS	BOARD MEMBER	2.00	Director	$0	$0	$0
GREG PERDUE	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY CUNNINGHAM	SECRETARY/TREASURER	2.00	Officer	$0	$0	$118,880

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	$1,322,304	$1,453,275	$3,961,563	$-130,971
2024	$1,145,838	$1,231,038	$4,075,631	$-85,200
2023	$900,783	$992,737	$3,853,190	$-91,954
2022	$1,438,393	$1,057,868	$2,425,970	$380,525
2021	$819,475	$958,355	$1,914,852	$-138,880
2020	$325,489	$445,070	$1,934,471	$-119,581
2019	$795,502	$492,339	$2,370,704	$303,163

GREATER KINGSPORT ALLIANCE FOR DEVELOPMENT INC