PARIS HENRY COUNTY INDUSTRIAL COMM… - 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

1998

Legal Domicile

Principal Officer

JOHN PENN RIDGEWAY

Phone

7315145231

Tax Period

2023-07-01 to 2024-06-30

PARIS HENRY COUNTY INDUSTRIAL COMMITTEE, founded in 1998, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 358% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

A private, non-profit co-operative effort between the City of Paris, Henry County, and the Chamber of Commerce charged with the responsibility of fostering the economic development of Henry County.

Program Service Accomplishments

Program 1

To promote and coordinate economic development of Henry County, TN

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,192,653

Program Service Revenue $0

Investment Income $3,919

Other Revenue $35,148

TOTAL REVENUE $1,231,720

Expense Breakdown

Grants Paid $334,293

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,056,352

TOTAL EXPENSES $1,390,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,231,720	$268,894	+3.6%
Expenses	$1,390,645	$258,790	+4.4%
Net Income	$-158,925	$10,104	-16.7%

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	Role	Reportable Comp	Other Comp	Total
John Penn Ridgeway	Chairman	Director	$0	$0	$0
Samuel Tharpe	Vice-Chairman	Director	$0	$0	$0
Kim Foster	Director	Director	$0	$0	$0
Paul Neal	Director	Director	$0	$0	$0
Wayne Powers	Director	Director	$0	$0	$0
Terry Wimberley	Director	Director	$0	$0	$0
Troy Buttery	Director	Director	$0	$0	$0
Kathy Ray	Director	Director	$0	$0	$0
Rachel Steedly	Director	Director	$0	$0	$0
Melissa McElroy	Director	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	No data	No data	No data	No data
2024	$1,231,720	$1,390,645	$2,345,468	$-158,925
2023	$268,894	$258,790	$1,733,547	$10,104
2022	$1,010,800	$313,777	$1,932,789	$697,023
2021	$597,848	$564,660	$1,312,558	$33,188
2020	$245,839	$298,391	$1,304,881	$-52,552
2019	$256,646	$260,780	$1,310,738	$-4,134

PARIS HENRY COUNTY INDUSTRIAL COMMITTEE