SUWANNEE RIVER ECONOMIC COUNCIL INC (EIN 591101989) - 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

1977

Legal Domicile

Principal Officer

MATTHEW PEARSON

Phone

3863624115

Tax Period

2024-10-01 to 2025-09-30

SUWANNEE RIVER ECONOMIC COUNCIL INC, founded in 1977, is a mid-sized nonprofit that reported $10.9M in total revenue in fiscal year 2024.

Mission

TO EMBRACE A COMMUNITY FULL OF POTENTIAL; AND TO EDUCATE AND MOTIVATE PRESENT AND FUTURE GENERATIONS TO DISCOVER AND REALIZE THE DREAM OF A COMFORTABLE AND PRODUCTIVE LIFESTYLE. OUR CUSTOMERS EMBRACE THE CHALLENGE TO RISE ABOVE THE PERILS OF POVERTY, AND DISCOVER WITHIN THEMSELVES THE COURAGE AND STRENGTH TO SUCCEED.

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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 $8,312,397

Program Service Revenue $2,278,114

Investment Income $314,781

Other Revenue $0

TOTAL REVENUE $10,905,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,237,752

Fundraising Expenses $0

Program Expenses $9,352,448

Other Expenses $6,526,926

TOTAL EXPENSES $10,764,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,905,292	$10,626,660	+0.0%
Expenses	$10,764,678	$10,559,133	+0.0%
Net Income	$140,614	$67,527	+1.1%

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

128

Volunteers

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

$314,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN COSSEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
DIANE HEAD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RICKY LYONS	TREASURER	5.00	Officer Director	$0	$0	$0
OLEATHA HARRIS	SECRETARY	5.00	Officer Director	$0	$0	$0
ROBBY HOLLINGSWORTH	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBBY ROBERSON	BOARD MEMBER	5.00	Director	$0	$0	$0
THOMAS DEMPS	BOARD MEMBER	5.00	Director	$0	$0	$0
TOMMY LANGFORD	BOARD MEMBER	5.00	Director	$0	$0	$0
FRANKLIN WHITE	BOARD MEMBER	5.00	Director	$0	$0	$0
JAMIE STOREY	BOARD MEMBER	5.00	Director	$0	$0	$0
RICK DAVIS	BOARD MEMBER, AS OF 3/2025	5.00	Director	$0	$0	$0
HEATHER MOSLEY	BOARD MEMBER, AS OF 9/2025	5.00	Director	$0	$0	$0
JANICE JOHNSON	BOARD MEMBER	5.00	Director	$0	$0	$0
JACK FLOWERS	BOARD MEMBER	5.00	Director	$0	$0	$0
ADRIENNE SOUTHALL	BOARD MEMBER	5.00	Director	$0	$0	$0
BARBARA DANIELS	BOARD MEMBER	5.00	Director	$0	$0	$0
RENEE DEMPS	BOARD MEMBER	5.00	Director	$0	$0	$0
CHRISTY KEEN	BOARD MEMBER	5.00	Director	$0	$0	$0
BARBARA JO HEWITT	BOARD MEMBER	5.00	Director	$0	$0	$0
ELOUISE GREEN	BOARD MEMBER	5.00	Director	$0	$0	$0
JIMMY WITT	BOARD MEMBER	5.00	Director	$0	$0	$0
ALTON WILLIAMS	BOARD MEMBER	5.00	Director	$0	$0	$0
FRANCES WILLIAMS	BOARD MEMBER	5.00	Director	$0	$0	$0
WILLIE CROFT	BOARD MEMBER, UNTIL 3/2025	5.00	Director	$0	$0	$0
BRIAN WILLIAMS	BOARD MEMBER, UNTIL 3/2025	5.00	Director	$0	$0	$0
KRISTY ANDERSON	BOARD MEMBER, UNTIL 9/2025	5.00	Director	$0	$0	$0
ANGELIA HOPKINS	BOARD MEMBER, UNTIL 3/2025	5.00	Director	$0	$0	$0
RICHARD TILLIS	BOARD MEMBER, UNTIL 9/2025	5.00	Director	$0	$0	$0
MATTHEW PEARSON	EXECUTIVE DIRECTOR	40.00	Officer	$140,749	$32,659	$173,408
BARBARA HAMRIC	DIRECTOR OF FINANCE	40.00	Officer	$115,044	$26,411	$141,455

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	$10,905,292	$10,764,678	$11,981,688	$140,614
2024	$10,626,660	$10,559,133	$12,104,988	$67,527
2023	$11,386,248	$11,082,529	$11,643,486	$303,719
2022	$11,688,250	$11,200,441	$11,474,527	$487,809
2021	$10,809,729	$9,344,541	$11,040,915	$1,465,188
2020	$10,240,846	$8,831,506	$9,443,456	$1,409,340
2019	$8,855,148	$8,518,409	$7,878,008	$336,739
2018	$8,208,236	$7,983,193	$7,438,909	$225,043

SUWANNEE RIVER ECONOMIC COUNCIL INC