ANDERSON COUNTY ECONOMIC DEV ASSOC

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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

1964

Legal Domicile

Principal Officer

GREG FAY

Tax Period

2023-07-01 to 2024-06-30

ANDERSON COUNTY ECONOMIC DEV ASSOC, founded in 1964, is a small nonprofit that reported $717K in total revenue in fiscal year 2023. Expenses of $630K left a modest 12% surplus.

Mission

INDUSTRIAL DEVELOPMENT PROSPECTS

Program Service Accomplishments

Program 1

Expenses: $630,286

THE ORGANIZATION WAS ENGAGED DURING THE YEAR IN MARKETING THE COMMUNITY TO PROVIDE INDUSTRIAL PROSPECTS FOR THE PURPOSE OF GENERATING PRIVATE CAPITAL INVESTMENTS BROADENING LOCAL TAX BASE AND THE...

THE ORGANIZATION WAS ENGAGED DURING THE YEAR IN MARKETING THE COMMUNITY TO PROVIDE INDUSTRIAL PROSPECTS FOR THE PURPOSE OF GENERATING PRIVATE CAPITAL INVESTMENTS BROADENING LOCAL TAX BASE AND THE GENERATION OF NEW AND ADDITIONAL JOB OPPORTUNITIES FOR LOCAL RESIDENTS. IN ADDITION THE ORGANIZATION COORDINATES ALL ACTIVITIES RELATED TO FEDERAL LOANS AND GRANTS AS WELL AS PRIVATE BOND ISSUES DIRECTLY RELATED TO INDIVIDUAL INDUSTRIAL SITE DEVELOPMENTS AND FOR THE LARGER TRACTS OF LAND TO BE UTILIZED AS INDUSTRIAL.

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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 $698,956

Program Service Revenue $0

Investment Income $17,735

Other Revenue $0

TOTAL REVENUE $716,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,076

Fundraising Expenses $0

Program Expenses $630,286

Other Expenses $492,210

TOTAL EXPENSES $630,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$716,691	N/A	N/A
Expenses	$630,286	N/A	N/A
Net Income	$86,405	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAYOR KERRY TEMPLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT BAIRD	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM ISBEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT NEIL	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY SEXTON	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD LOGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN GLEASON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SWISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM LEDFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN TADLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE MICHAELS	BOARD MEMBER	1.00	Director	$0	$0	$0
MAYOR JASON STILNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MAYOR CHRIS MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ERNIE BOWLES	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY BEAMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MAYOR SCOTT BURTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER HOUCK	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK MEREDITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH FARRAR	BOARD MEMBER	1.00	Director	$0	$0	$0
MAYOR TERRY FRANK	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ALLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM E STEPHENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM RAINEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY HEMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
MAYOR WARREN GOOCH	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE CLEVELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
LEONARD ABBATIELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN BLACK	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY SHATTUCK	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
GREG FAY	CHAIRMAN	1.00	Officer	$0	$0	$0
JAMES A WALLACE	PRESIDENT	40.00	Key Emp	$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	$716,691	$630,286	$495,855	$86,405
2023	$4,813,342	$4,697,295	$394,516	$116,047
2021	$190,313	$163,629	$239,254	$26,684
2020	$239,731	$202,825	$212,177	$36,906
2019	$223,502	$215,742	$175,271	$7,760
2018	$218,759	$199,051	$169,886	$19,708