MCMINN COUNTY ECONOMIC DEVELOPMENT AUTHORITY (EIN 621240145) - 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

1985

Legal Domicile

Principal Officer

LINDSEY FERGUSON

Phone

4237451506

Tax Period

2021-07-01 to 2022-06-30

MCMINN COUNTY ECONOMIC DEVELOPMENT AUTHORITY, founded in 1985, is a small nonprofit that reported $268K in total revenue in fiscal year 2021. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $45K, a strong 17% operating margin.

Mission

THE PRIMARY OBJECTIVE OF THE AUTHORITY IS THE PROMOTION OF INDUSTRIAL DEVELOPMENT AND EXPANSION IN MCMINN COUNTY, TENNESSEE.

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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 $243,717

Program Service Revenue $23,400

Investment Income $390

Other Revenue $0

TOTAL REVENUE $267,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,919

Fundraising Expenses $0

Other Expenses $86,979

TOTAL EXPENSES $222,898

Year-over-Year Comparison

	2021	2020	Change
Revenue	$267,507	$365,732	-0.3%
Expenses	$222,898	$325,557	-0.3%
Net Income	$44,609	$40,175	+0.1%

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

$86,200

Total Directors

$86,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSEY FERGUSON	EXECUTIVE DI	40.00	Officer Director	$86,200	$0	$86,200
CHRIS ADAMS	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
FRANK CLARK	EX-OFFICIO M	1.00	Director	$0	$0	$0
DAVID CREWS	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY DUNLOP	DIRECTOR	1.00	Director	$0	$0	$0
WILL ESTES	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN FORGETY	DIRECTOR	1.00	Director	$0	$0	$0
ERIK GARKOVICH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BURKE GARWOOD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GENTRY	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS GILES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GREENE	EX-OFFICIO M	1.00	Director	$0	$0	$0
JAY HACKER	DIRECTOR	1.00	Director	$0	$0	$0
DREW HOLBROOK	DIRECTOR	1.00	Director	$0	$0	$0
ERIN HOLBROOK	PRESIDENT	1.00	Officer Director	$0	$0	$0
HAROLD MASENGIL	DIRECTOR	1.00	Director	$0	$0	$0
MATT MASON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC NEWBERRY	DIRECTOR	1.00	Director	$0	$0	$0
ROB PRESTON	EX-OFFICIO M	1.00	Director	$0	$0	$0
WILL ROBINSON	TREASURER	1.00	Officer Director	$0	$0	$0
STEWART SMITH	EX-OFFICIO M	1.00	Director	$0	$0	$0
STEPHANIE WEST	DIRECTOR	1.00	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	$267,507	$222,898	$4,039,993	$44,609
2021	$365,732	$325,557	$3,937,468	$40,175
2020	$385,593	$461,129	$3,899,472	$-75,536
2019	$525,304	$510,399	$4,037,204	$14,905

MCMINN COUNTY ECONOMIC DEVELOPMENT AUTHORITY