GADSDEN COUNTY DEVELOPMENT COUNCIL INC (EIN 593682634) - 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

2014

Principal Officer

STELLA MURRAY

Phone

8505240030

Tax Period

2022-10-01 to 2023-09-30

GADSDEN COUNTY DEVELOPMENT COUNCIL INC, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $41K in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $50K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO MANAGE GADSDEN COUNTY'S ECONOMIC DEVELOPMENT ACTIVITY BY PROMOTING AND RECRUITING COMMERCIAL ENTERPRISES THAT OFFER QUALITY JOBS AND ENCOURAGE EXPANSION AND RETENTION OF EXISTING BUSINESSES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $41,050

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $41,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,980

Other Expenses $50,376

TOTAL EXPENSES $50,376

Year-over-Year Comparison

	2022	2021	Change
Revenue	$41,050	$145,635	-0.7%
Expenses	$50,376	$148,215	-0.7%
Net Income	$-9,326	$-2,580	+2.6%

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

N/A

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
JIM MCSHANE	PAST CHAIRMA	N/A	Director	$0	$0	$0
BLAKE FLOWERS	VICE CHAIR	N/A	Officer	$0	$0	$0
ANTONIO JEFFERSON	CHAIRMAN	N/A	Officer	$0	$0	$0
STELLA MURRAY	TREASURER	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
2023	$41,050	$50,376	$2,340	$-9,326
2022	$145,635	$148,215	$11,666	$-2,580
2021	$149,492	$141,822	$14,246	$7,670
2020	$131,142	$135,259	$6,576	$-4,117

GADSDEN COUNTY DEVELOPMENT COUNCIL INC