SEVIER COUNTY ECONOMIC DEVELOPMENT… - 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

1986

Legal Domicile

Principal Officer

KENNETH ALLEN NEWTON

Phone

8654282212

Tax Period

2024-07-01 to 2025-06-30

SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL, founded in 1986, is a small nonprofit that reported $683K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $643K left a modest 6% surplus.

Mission

TO CREATE, RETAIN, & INVEST WEALTH FOR THE CREATION OF QUALITY JOB OPPORTUNITIES FOR THE RESIDENTS OF SEVIER CO. THROUGH THE INVESTMENT OF WEALTH, MAINTAIN & IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE OF SEVIER CO.

Program Service Accomplishments

Program 1

Expenses: $589,833 Revenue: $577,943

COORDINATING GOVERNMENTAL AND PRIVATE SECTOR ACTIVITIES IN ATTRACTING BUSINESSES AND INDUSTRIES TO SEVIER COUNTY, TN. PROVIDING AID TO COMPANIES IN SELECTION OF SUITABLE SITES FOR THEIR FACILITIES.

Program 2

Expenses: $52,796 Revenue: $105,211

ADMINISTRATION OF THE SOUTHERN HOSPITALITY INTERNSHIP PROGRAM IN SEVIER COUNTY, TN, WHICH IS A BRIDGE FROM A STUDENT'S CURRICULUM TO REAL-LIFE WORK EXPERIENCE.

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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 $500,424

Program Service Revenue $181,136

Investment Income $129

Other Revenue $1,465

TOTAL REVENUE $683,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $495,228

Fundraising Expenses $0

Program Expenses $642,629

Other Expenses $147,401

TOTAL EXPENSES $642,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$683,154	$612,781	+0.1%
Expenses	$642,629	$620,717	+0.0%
Net Income	$40,525	$-7,936	-6.1%

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

$149,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH ALLEN NEWTON	EXECUTIVE DI	40.00	Officer	$130,134	$19,211	$149,345
PATRICIA BIBLE	MEMBER	0.50	Director	$0	$0	$0
RAY CHRISTIAN	MEMBER	0.50	Director	$0	$0	$0
CRAIG DANIEL	MEMBER	0.50	Director	$0	$0	$0
JAMES GREENE	SECRETARY	0.50	Officer Director	$0	$0	$0
RICK HARRELL	CHAIR	0.50	Officer Director	$0	$0	$0
BRENDA MCCROSKEY	MEMBER	0.50	Director	$0	$0	$0
CANDACE OGLE MORTON	MEMBER	0.50	Director	$0	$0	$0
DAVID OGLE	MEMBER	0.50	Director	$0	$0	$0
MIKE PANNELL	MEMBER	0.50	Director	$0	$0	$0
ALLEN ROBBINS	MEMBER	0.50	Director	$0	$0	$0
DUSTIN SMITH	MEMBER	0.50	Director	$0	$0	$0
LARRY WATERS	VICE-CHAIRMA	0.50	Officer Director	$0	$0	$0
TONY WATTS	MEMBER	0.50	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
2025	$683,154	$642,629	$491,172	$40,525
2024	No data	No data	No data	No data
2023	$564,540	$583,393	$250,011	$-18,853
2022	$655,925	$615,852	$444,803	$40,073
2021	$738,239	$614,542	$275,051	$123,697
2020	$605,172	$528,239	$169,894	$76,933
2020	$615,222	$526,593	$183,729	$88,629
2019	$487,475	$464,826	$101,144	$22,649
2018	$485,758	$439,230	$107,845	$46,528

SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL