COMMUNITY AND ECONOMIC DEVELOPMENT ORGANIZATION OF GADSDEN COUNTYINC

EIN: 592128616 501(c)(3) Community Improvement

QUINCY, FL

Total Revenue
$6,724,997
Total Expenses
$5,702,725
Total Assets
$13,280,510
Net Assets
$11,310,619
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
FL
Principal Officer
REV TONY HANNAH
Phone
8506277656
Tax Period
2022-07-01 to 2023-06-30

COMMUNITY AND ECONOMIC DEVELOPMENT ORGANIZATION OF GADSDEN COUNTYINC, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $6.7M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 15% operating margin.

Mission

ENGAGED IN THE ACTIVITY OF PROMOTING COMMUNITY AND ECONOMIC DEVELOPMENT OF GADSDEN COUNTY.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $5,996,390
Program Service Revenue $614,957
Investment Income $113,650
Other Revenue $0
TOTAL REVENUE $6,724,997

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,856,596
Fundraising Expenses $0
Program Expenses $5,702,725
Other Expenses $2,846,129
TOTAL EXPENSES $5,702,725

Year-over-Year Comparison

2022 2021 Change
Revenue $6,724,997 $6,163,685 +0.1%
Expenses $5,702,725 $4,819,431 +0.2%
Net Income $1,022,272 $1,344,254 -0.2%
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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Governance

Voting Members
12
Independent Members
12
Employees
87
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDA BANKS DIRECTOR N/A
Director
$0 $0 $0
AUDRIA FLOWERS DIRECTOR N/A
Director
$0 $0 $0
BEATRICE HOPKINS DIRECTOR N/A
Director
$0 $0 $0
DR ALICIA JACKSON DIRECTOR N/A
Director
$0 $0 $0
CLEVELAND KELLY JR DIRECTOR N/A
Director
$0 $0 $0
JASMINE SANDERS DIRECTOR N/A
Director
$0 $0 $0
GERALDINE SMITH DIRECTOR N/A
Director
$0 $0 $0
IDA THOMPSON DIRECTOR N/A
Director
$0 $0 $0
REV TONY HANNAH CHAIRPERSON N/A
Officer
$0 $0 $0
MONICA PROCTOR SECRETARY N/A
Officer
$0 $0 $0
KERWYN WILSON TREASURER N/A
Officer
$0 $0 $0
REV DANIEL WELLS VICE CHAIRPE N/A
Officer
$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 $6,724,997 $5,702,725 $13,280,510 $1,022,272
2022 $6,163,685 $4,819,431 $12,633,459 $1,344,254
2021 $5,882,256 $4,646,447 $11,268,446 $1,235,809
2020 $4,792,779 $4,212,613 $10,590,553 $580,166
2019 $4,532,822 $4,073,097 $9,568,193 $459,725
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