KNOXVILLE, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE DEVELOPMENT CORPORATION OF KNOX COUNTY, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $633K in total revenue in fiscal year 2022. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 235% operating deficit.
THE DEVELOPMENT CORPORATION WILL REPRESENT THE GREATER KNOXVILLE AREA IN MANAGING AND ALLOCATING LAND AND OTHER RESOURCES TO STRATEGICALLY PROMOTE LONG-TERM QUALITY BUSINESS DEVELOPMENT SPECIFICALLY, THE DEVELOPMENT CORPORATION WILL WORK WITH INTERESTED BUSINESSES, CREATE BUSINESS AND INDUSTRIAL LOCATION OPPORTUNITIES, ASSIST EXISTING BUSINESSES WITH LAND AND TRAINING NEEDS, FOSTER ENTREPRENEURIAL JOB CREATION, INCLUDING MANAGEMENT OF KNOX COUNTY'S BUSINESS INCUBATOR, FAIRVIEW TECHNOLOGY CENTER, AND ENSURE ALLOCATION OF RESOURCES FOR THE ENHANCEMENT OF THE LONG-TERM ECONOMIC CLIMATE FOR KNOXVILLE AND KNOX COUNTY.
TDC IS CHARGED WITH THE RESPONSIBILITY OF ENSURING THAT KNOX COUNTY HAS LAND RESOURCES AVAILABLE FOR POTENTIAL PROSPECTS. TDC CURRENTLY OWNS OR MANAGES ACREAGE AT CENTERPOINT BUSINESS PARK...
TDC IS CHARGED WITH THE RESPONSIBILITY OF ENSURING THAT KNOX COUNTY HAS LAND RESOURCES AVAILABLE FOR POTENTIAL PROSPECTS. TDC CURRENTLY OWNS OR MANAGES ACREAGE AT CENTERPOINT BUSINESS PARK (APPROXIMATELY 6 ACRES), EASTBRIDGE BUSINESS PARK (APPROXIMATELY 195 DEVELOPABLE ACRES), WESTBRIDGE BUSINESS PARK (APPROXIMATELY 10 ACRES), PELLISIPPI CORPORATE CENTER (APPROXIMATELY 77 DEVELOPABLE ACRES), HARDIN BUSINESS PARK (APPROXIMATELY 12 DEVELOPABLE ACRES), KARNS VALLEY BUSINESS PARK (APPROXIMATELY 82 DEVELOPABLE ACRES), AND MIDWAY BUSINESS PARK (APPROXIMATELY 337 ACRES). TDC MAKES THIS LAND AVAILABLE TO NEW BUSINESSES OR FOR THE EXPANSION OF EXISTING BUSINESSES IN ACCORDANCE WITH ITS EXEMPT PURPOSE. TDC IS CONTINUALLY LOOKING FOR LAND TO PURCHASE FOR FUTURE BUSINESS PARKS. KEY COMPONENTS OF THIS SERVICE INCLUDE PROPERTY DEVELOPMENT, MANAGEMENT, AND MARKETING AND SALE OF PROPERTIES. TDC ADDITIONALLY OWNS APPROXIMATELY 68 ACRES NORTH OF KARNS HIGH SCHOOL AND IS CURRENTLY WORKING ON THE DEVELOPMENT OF THIS PROPERTY INTO KARNS VALLEY BUSINESS PARK. THE PROGRAMS, SERVICES AND ACTIVITIES THAT THE CORPORATION UNDERTAKES AND/OR MANAGES ARE AIMED AT FACILITATING CAPITAL INVESTMENT AND JOB CREATION IN KNOX COUNTY. IN ADDITION TO THE ACTIVITIES AND PROGRAMS THE TDC HAS UNDER ITS DIRECT PURVIEW, IT ALSO PROVIDES STAFF AND MANAGEMENT SERVICES TO SEVERAL QUASI-GOVERNMENTAL BOARDS THAT ALSO PROVIDE UNIQUE PROGRAMS AND SERVICES ON THE COUNTY AND CITY'S BEHALF TO PROMOTE JOB RETENTION AND GROWTH, INCREASING CAPITAL INVESTMENT IN KNOX COUNTY, AND UNDERTAKING SPECIAL PROJECTS FOR THE BENEFIT OF THE CITIZENS OF KNOX COUNTY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $632,758 | $1,693,343 | -0.6% |
| Expenses | $2,119,012 | $1,009,283 | +1.1% |
| Net Income | $-1,486,254 | $684,060 | -3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| M DOUGLAS CAMPBELL JR | VICE CHAIRMAN | 2.00 |
Director
|
$0 | $0 | $0 |
| GEORGE H HEINS III | CHAIRMAN | 2.00 |
Director
|
$0 | $0 | $0 |
| NANCY BARGER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CAROLYN FAIRBANK | SECRETARY/TREASURER | 2.00 |
Director
|
$0 | $0 | $0 |
| INDYA KINCANNON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LOUISE FRAZIER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CHARLES MORRIS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GLENN JACOBS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| COURTNEY DURRETT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM F FOX | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TERRY MOSLEY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MAYOR RON WILLIAMS | DIRECTOR - NON VOTING | 2.00 |
Director
|
$0 | $0 | $0 |
| TERRY HILL | VICE CHAIRMAN | 2.00 |
Director
|
$0 | $0 | $0 |
| LARSEN JAY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MIKE ODOM | INTERIM PRESIDENT & CEO | 46.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $632,758 | $2,119,012 | $42,516,150 | $-1,486,254 |
| 2022 | $1,693,343 | $1,009,283 | $44,037,892 | $684,060 |
| 2021 | $1,290,575 | $956,628 | $44,277,793 | $333,947 |
| 2020 | $1,402,856 | $1,034,917 | $44,156,246 | $367,939 |
| 2019 | $1,711,835 | $1,019,153 | $44,191,557 | $692,682 |
| 2018 | $3,693,287 | $943,913 | $41,859,351 | $2,749,374 |
Compare THE DEVELOPMENT CORPORATION OF KNOX COUNTY with other nonprofits in Tennessee and across the country.