FAYETTE COUNTY LOCAL DEVELOPMENT C… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

PORTER G PEEPLES

Phone

8592331561

Tax Period

2022-07-01 to 2023-06-30

FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $671K in total revenue in fiscal year 2022.

Mission

TO IMPROVE ECONOMIC DEVELOPMENT WITH PRIMARY FOCUS ON THE DEVELOPMENT OF AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $659,494 Revenue: $591,258

THE FURTHERANCE OF ECONOMIC DEVELOPMENT IN THE FAYETTE COUNTY AREA THROUGH THE PURCHASE, RENOVATION, AND SALE OF PROPERTIES TO LOWER-INCOME HOMEBUYERS.

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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 $25,000

Program Service Revenue $495,551

Investment Income $54,640

Other Revenue $95,707

TOTAL REVENUE $670,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $659,494

Other Expenses $692,306

TOTAL EXPENSES $692,306

Year-over-Year Comparison

	2022	2021	Change
Revenue	$670,898	$654,818	+0.0%
Expenses	$692,306	$611,823	+0.1%
Net Income	$-21,408	$42,995	-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

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
PORTER G PEEPLES SR	PRESIDENT	20.00	Officer Director	$0	$0	$0
DENISE BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN LOGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERRY FIELDS	BOARD MEMBER	2.00	Director	$0	$0	$0
LARRY FORESTER	BOARD MEMBER	2.00	Director	$0	$0	$0
EBONY WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
ABDUL MUHAMMAD	BOARD MEMBER	2.00	Director	$0	$0	$0
RAYMOND SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
KEITH JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
TASHA WHITE	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY ELERY	BOARD MEMBER	2.00	Director	$0	$0	$0
NORMAN P FRANKLIN	AUTHORIZED OFFICER	0.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$670,898	$692,306	$7,349,398	$-21,408
2022	$654,818	$611,823	$7,578,753	$42,995
2021	$649,620	$685,827	$7,740,919	$-36,207
2020	$569,518	$608,604	$7,771,270	$-39,086

FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION