NASSAU COUNTY ECONOMIC DEVELOPMENT (EIN 593293246) - 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

1995

Legal Domicile

Principal Officer

PAUL SCHWEND

Phone

9042258878

Tax Period

2023-10-01 to 2024-09-30

NASSAU COUNTY ECONOMIC DEVELOPMENT, founded in 1995, is a small nonprofit in the Civil Rights & Advocacy sector that reported $351K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $324K left a modest 8% surplus.

Mission

COMMITMENT TO SUPPORT OPPORTUNITIES ACROSS NASSAU COUNTY TO SUSTAIN, EXPAND, AND DIVERSIFY ECONOMIC PROSPERITY.

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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 $349,727

Program Service Revenue $0

Investment Income $995

Other Revenue $0

TOTAL REVENUE $350,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,019

Fundraising Expenses $0

Program Expenses $243,172

Other Expenses $142,214

TOTAL EXPENSES $324,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$350,722	$279,326	+0.3%
Expenses	$324,233	$319,522	+0.0%
Net Income	$26,489	$-40,196	-1.7%

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

$78,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRI MITCHELL	EXECUTIVE DI	40.00	Officer	$78,750	$0	$78,750
PETER ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRON ASYCUE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVIS BEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY BUNCH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES MICHAEL COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY COYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK CUTSHAW	TREASURER	1.00	Officer Director	$0	$0	$0
REED HAMMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
JODI HENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY HINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BO HODGES	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE JASINSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN LILLY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT MOUNTJOY	BOARD MEMBER	1.00	Director	$0	$0	$0
HALSTON NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL NOONAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMEN NORTH	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
CAROL SAVIAK	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL SCHWEND	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KENNY SIMS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN VONNOH	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN WYLIE	BOARD MEMBER	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	$350,722	$324,233	$311,360	$26,489
2023	$279,326	$319,522	$270,182	$-40,196
2022	$297,221	$286,666	$311,690	$10,555
2021	$329,329	$275,256	$309,335	$54,073
2020	$294,237	$236,158	$245,816	$58,079
2019	$330,454	$354,957	$188,325	$-24,503
2018	$353,025	$378,313	$215,042	$-25,288

NASSAU COUNTY ECONOMIC DEVELOPMENT