INDUSTRIAL DEVELOPMENT BOARD OF MC… - 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

1964

Legal Domicile

Principal Officer

FRANK SNYDER

Tax Period

2021-07-01 to 2022-06-30

INDUSTRIAL DEVELOPMENT BOARD OF MCMINN COUNTY, founded in 1964, is a micro nonprofit that reported $23K in total revenue in fiscal year 2021. Revenue decreased 18% compared to the prior year. Expenses of $58K exceeded revenue, resulting in a 154% operating deficit.

Mission

INDUSTRIAL DEVELOPMENT PER SCHEDULE O

Program Service Accomplishments

Program 1

INDUSTRIAL DEVELOPMENT PER SCHEDULE O

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,567

Investment Income $92

Other Revenue $0

TOTAL REVENUE $22,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $57,525

TOTAL EXPENSES $57,525

Year-over-Year Comparison

	2021	2020	Change
Revenue	$22,659	$27,774	-0.2%
Expenses	$57,525	$50,848	+0.1%
Net Income	$-34,866	$-23,074	+0.5%

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
ALLEN CARTER	MEMBER	2.00	Director	$0	$0	$0
JEFF CUNNINGHAM	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
BOB FOSTER	MEMBER	2.00	Director	$0	$0	$0
CLINT HOLDEN	MEMBER	2.00	Director	$0	$0	$0
FRANK SNYDER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PHIL TUGGLE	MEMBER	2.00	Director	$0	$0	$0
MURRY WILLIS	MEMBER	2.00	Director	$0	$0	$0
PAUL WILLSON	SEC/TRES	2.00	Officer Director	$0	$0	$0
SHIRLEY WOODCOCK	MEMBER	2.00	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
2022	$22,659	$57,525	$2,026,809	$-34,866
2021	$27,774	$50,848	$2,199,297	$-23,074
2020	$3,063,231	$3,095,686	$2,386,681	$-32,455
2019	$31,786	$62,157	$2,578,623	$-30,371

INDUSTRIAL DEVELOPMENT BOARD OF MCMINN COUNTY