SELMA & DALLAS COUNTY ECONOMIC 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

1985

Legal Domicile

Principal Officer

AUBREY CARTER

Phone

3348758365

Tax Period

2024-01-01 to 2024-12-31

SELMA & DALLAS COUNTY ECONOMIC DEVELOPMENT AUTHORITY, founded in 1985, is a small nonprofit that reported $341K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $329K left a modest 3% surplus.

Mission

THE EDA EXISTS TO RECRUIT NEW INDUSTRY, AND TO EXPAND AND RETAIN EXISTING INDUSTRY IN THE SELMA, DALLAS COUNTY AREA.

Program Service Accomplishments

Program 1

Expenses: $322,773

PROVIDED ECONOMIC DEVELOPMENT SERVICES FOR SELMA AND DALLAS COUNTY, ALABAMA.

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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 $316,766

Program Service Revenue $0

Investment Income $23,865

Other Revenue $480

TOTAL REVENUE $341,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,978

Fundraising Expenses $0

Program Expenses $322,773

Other Expenses $55,489

TOTAL EXPENSES $329,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$341,111	$310,861	+0.1%
Expenses	$329,467	$313,880	+0.0%
Net Income	$11,644	$-3,019	-4.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINALD FLUKER	DIRECTOR	0.00	Director	$0	$0	$0
AUBREY CARTER	PAST CHAIRMAN	0.00	Officer Director	$0	$0	$0
MICHAEL K CLOSSON	DIRECTOR	0.00	Director	$0	$0	$0
DAVIS HENRY	EXECUTIVE COMMITTEE	0.00	Officer Director	$0	$0	$0
JIMMY HOLLIMAN	DIRECTOR	0.00	Director	$0	$0	$0
KIRK JOHNSON	DIRECTOR	0.00	Director	$0	$0	$0
RANDY LOVELADY	DIRECTOR	0.00	Director	$0	$0	$0
WAYNE MIDDLEBROOKS	TREASURER/SECRETARY	0.00	Officer Director	$0	$0	$0
TERRY MOSELEY	DIRECTOR	0.00	Director	$0	$0	$0
JAMES PATTERSON JR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
OWEN PEAK	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
ANTHONY SAMPSON	DIRECTOR	0.00	Director	$0	$0	$0
ANDY STEWART	DIRECTOR	0.00	Director	$0	$0	$0
TIM WOOD	EXECUTIVE COMMITTEE	0.00	Officer Director	$0	$0	$0
JEWELL WILLIAMSON	DIRECTOR	0.00	Director	$0	$0	$0
ALLEN REEVES	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD WALTERS	DIRECTOR	0.00	Director	$0	$0	$0
JAY GILMER	DIRECTOR	0.00	Director	$0	$0	$0
JAMES CORRIGAN	DIRECTOR	0.00	Director	$0	$0	$0
CHEYENNE BRADFORD	DIRECTOR	0.00	Director	$0	$0	$0
MIKE BRUNER	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
2024	$341,111	$329,467	$609,142	$11,644
2023	$310,861	$313,880	$643,680	$-3,019
2022	$329,148	$327,893	$595,992	$1,255
2021	$341,953	$372,459	$598,650	$-30,506
2020	$354,438	$309,260	$654,445	$45,178
2019	$316,221	$306,947	$609,542	$9,274
2018	$343,320	$318,583	$581,452	$24,737

SELMA & DALLAS COUNTY ECONOMIC DEVELOPMENT AUTHORITY