SULLIVAN CTY ECONOMIC DEV COMMISSSION DBA NETWORKS - SULLIVAN PARTNERSHIP (EIN 620945243) - 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

1994

Legal Domicile

Principal Officer

CLAY WALKER

Phone

4232797681

Tax Period

2024-07-01 to 2025-06-30

SULLIVAN CTY ECONOMIC DEV COMMISSSION DBA NETWORKS - SULLIVAN PARTNERSHIP, founded in 1994, is a small nonprofit that reported $273K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 293% operating deficit.

Mission

ECONOMIC DEVELOPMENT

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,985,270

Program Service Revenue $50,000

Investment Income $-1,764,419

Other Revenue $2,246

TOTAL REVENUE $273,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $453,377

Fundraising Expenses $0

Program Expenses $646,820

Other Expenses $620,042

TOTAL EXPENSES $1,073,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,097	$693,107	-0.6%
Expenses	$1,073,419	$2,921,712	-0.6%
Net Income	$-800,322	$-2,228,605	-0.6%

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

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

$234,393

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WAGNER	CHAIR	2.00	Officer Director	$0	$0	$0
ERIN DOWNS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PAT BREEDING	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JERRY CALDWELL	DIRECTOR	2.00	Director	$0	$0	$0
MAHLON LUTTRELL	DIRECTOR	2.00	Director	$0	$0	$0
TROY WILSON	DIRECTOR	2.00	Director	$0	$0	$0
LEA POWERS	DIRECTOR	2.00	Director	$0	$0	$0
MAYOR RICHARD VENABLE	DIRECTOR	2.00	Director	$0	$0	$0
JEFF BROYLES	DIRECTOR	2.00	Director	$0	$0	$0
SAM JONES	DIRECTOR	2.00	Director	$0	$0	$0
MAYOR PAUL MONTGOMERY	DIRECTOR	2.00	Director	$0	$0	$0
LORI STATON	DIRECTOR	2.00	Director	$0	$0	$0
CLAY WALKER	CEO	40.00	Officer	$195,784	$38,609	$234,393

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	$273,097	$1,073,419	$8,728,306	$-800,322
2024	$693,107	$2,921,712	$9,878,247	$-2,228,605
2023	$786,295	$943,959	$12,069,698	$-157,664
2022	$819,146	$949,053	$11,018,753	$-129,907
2021	$925,193	$791,769	$6,760,827	$133,424
2020	$555,062	$943,079	$6,764,298	$-388,017
2019	$821,288	$988,902	$7,559,389	$-167,614
2018	$730,563	$989,776	$7,699,967	$-259,213

SULLIVAN CTY ECONOMIC DEV COMMISSSION DBA NETWORKS - SULLIVAN PARTNERSHIP