Southeast Regional Development Corp (EIN 621594643) - 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

1995

Legal Domicile

Principal Officer

James W Gibson

Phone

9013469002

Tax Period

2024-01-01 to 2024-12-31

Southeast Regional Development Corp, founded in 1995, is a micro nonprofit in the Community Improvement sector that reported $8K in total revenue in fiscal year 2024. Expenses of $93K exceeded revenue, resulting in a 1093% operating deficit.

Mission

Provide Low Income Housing

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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 $0

Program Service Revenue $0

Investment Income $5,125

Other Revenue $2,690

TOTAL REVENUE $7,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,351

Fundraising Expenses $0

Program Expenses $93,207

Other Expenses $6,856

TOTAL EXPENSES $93,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,815	$8,064	0.0%
Expenses	$93,207	$140,767	-0.3%
Net Income	$-85,392	$-132,703	-0.4%

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

N/A

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J W Gibson	Director	20.00	Officer Director	$80,000	$0	$80,000
Ms Gail Davis	Asst. Director	20.00	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
2024	$7,815	$93,207	$6,073,176	$-85,392
2023	No data	No data	No data	No data
2022	No data	No data	No data	No data
2021	No data	No data	No data	No data
2020	$2,434,425	$232,369	$5,309,082	$2,202,056
2019	$77,489	$119,781	$3,286,342	$-42,292
2018	$103,929	$98,206	$2,679,390	$5,723

Southeast Regional Development Corp