CARROLL COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC (EIN 582589709) - 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

2002

Legal Domicile

Phone

7708329272

Tax Period

2023-01-01 to 2023-12-31

CARROLL COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $331K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 210% operating deficit.

Mission

TO CREATE A STRONGER ECONOMY, TO ENHANCE THE OVERALL QUALITY OF LIFE, TO ENHANCE THE EDUCATION LEVEL OF the WORKFORCE and TO DEVELOP STRONG COMMUNITY LEADERSHIP AND EFFECTIVE GOVERNMENT in Carroll County, Georgia.

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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 $137,420

Program Service Revenue $78,500

Investment Income $110,009

Other Revenue $4,887

TOTAL REVENUE $330,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $628,400

Fundraising Expenses $48,748

Program Expenses $834,299

Other Expenses $396,493

TOTAL EXPENSES $1,024,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,816	$2,477,990	-0.9%
Expenses	$1,024,893	$1,089,815	-0.1%
Net Income	$-694,077	$1,388,175	-1.5%

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

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

$237,071

Total Directors

$414,696

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Handel	exec committee	30.00	Officer Director	$214,711	$22,360	$237,071
Brian Dill	Director	30.00	Director	$151,083	$26,542	$177,625
Betty Cason	Director	1.00	Director	$0	$0	$0
Anna Warfel	Director	1.00	Director	$0	$0	$0
BILL STONE	Treasurer	1.00	Officer Director	$0	$0	$0
Ben Butler	Exec Committee	1.00	Officer Director	$0	$0	$0
Michelle Morgan	Director	1.00	Director	$0	$0	$0
tim warren	Vice Chair	1.00	Officer Director	$0	$0	$0
Gil McDougal	Director	1.00	Director	$0	$0	$0
LOY HOWARD	Chairman	1.00	Officer Director	$0	$0	$0
Jim Gill	exec committee	1.00	Director	$0	$0	$0
David Price	Director	1.00	Director	$0	$0	$0
Ben Garrett	exec committee	1.00	Officer Director	$0	$0	$0
Patric Harris	Director	1.00	Director	$0	$0	$0
John Mount	Director	1.00	Director	$0	$0	$0
Steve Adams	Director	1.00	Director	$0	$0	$0
Kirby Butler	Director	1.00	Director	$0	$0	$0
Russell Floyd	Director	1.00	Director	$0	$0	$0
Norman Adkins	Director	1.00	Director	$0	$0	$0
Lynda Bingham	Director	1.00	Director	$0	$0	$0
Mark Albertus	Director	1.00	Director	$0	$0	$0
Scott Cowart	Director	1.00	Director	$0	$0	$0
Larry Earle	Director	1.00	Director	$0	$0	$0
Jay Gill	Director	1.00	Director	$0	$0	$0
Natalie Howard	Director	1.00	Director	$0	$0	$0
Michael Johnson	Director	1.00	Director	$0	$0	$0
Ronnie Jordan	Director	1.00	Director	$0	$0	$0
Brendan Kelly	Director	1.00	Director	$0	$0	$0
Mike Lee	Director	1.00	Director	$0	$0	$0
Sharon Stanford	Director	1.00	Director	$0	$0	$0
Tim Martin	Director	1.00	Director	$0	$0	$0
Gary Miller	Director	1.00	Director	$0	$0	$0
Steve Minor	Attorney	1.00	Director	$0	$0	$0
Julie Post	Director	1.00	Director	$0	$0	$0
Jill Pierce	Director	1.00	Director	$0	$0	$0
David Brooks	Director	1.00	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	No data	No data	No data	No data
2023	$330,816	$1,024,893	$5,397,838	$-694,077
2022	$2,477,990	$1,089,815	$6,006,579	$1,388,175
2021	$2,769,284	$1,283,345	$4,543,478	$1,485,939
2020	$540,267	$1,200,958	$3,157,520	$-660,691
2019	$605,950	$1,082,879	$3,793,072	$-476,929
2018	$633,147	$1,155,787	$4,184,959	$-522,640

CARROLL COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC