Obion Co Industrial Development Cor

EIN: 621335385

Union City, TN

Total Revenue
$45,828
Total Expenses
$30,187
Total Assets
$531,265
Net Assets
$531,265
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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
1987
Legal Domicile
TN
Principal Officer
Michelle Bing
Phone
7318850211
Tax Period
2024-07-01 to 2025-06-30

Obion Co Industrial Development Cor, founded in 1987, is a micro nonprofit that reported $46K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 34% operating margin.

Mission

Industrial Development & Improvement

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $231,975
Program Service Revenue $0
Investment Income $-174,097
Other Revenue $-12,050
TOTAL REVENUE $45,828

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,187
Other Expenses $30,187
TOTAL EXPENSES $30,187

Year-over-Year Comparison

2024 2023 Change
Revenue $45,828 $200,064 -0.8%
Expenses $30,187 $213,906 -0.9%
Net Income $15,641 $-13,842 -2.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
31

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY BARNES UC Appointee 0.00
Director
$0 $0 $0
KEITH RILEY UC Appointee 0.00
Director
$0 $0 $0
TERRY HAILEY BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
SAM SINCLAIR Board of Directors 0.00
Director
$0 $0 $0
STEVE CARR Board of Directors 0.00
Director
$0 $0 $0
JIM RIPPY JR UC Appointee 0.00
Director
$0 $0 $0
BEDFORD DUNAVANT Non-Voting 0.00
Director
$0 $0 $0
JIMMY WHITE CHAIRMAN 0.00
Officer
$0 $0 $0
RON COOPER VICE CHAIRMAN 0.00
Officer
$0 $0 $0
MICHELLE BING SECRETARY 0.00
Officer
$0 $0 $0
CLINT JOINER Chamber President 0.00
Officer
$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 $45,828 $30,187 $531,265 $15,641
2024 $200,064 $213,906 $615,996 $-13,842
2023 $185,444 $200,821 $629,808 $-15,377
2022 $182,877 $215,912 $645,157 $-33,035
2021 $128,297 $160,627 $678,162 $-32,330
2020 $101,184 $133,305 $713,155 $-32,121
2019 $105,284 $137,606 $742,555 $-32,322
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