Limestone County Economic Development Assn Inc (EIN 630438905) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

Bethany Shockney

Phone

2562322386

Tax Period

2024-06-01 to 2025-05-31

LIMESTONE COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INC is a small nonprofit that reported $298K in total revenue in fiscal year 2017. Expenses of $268K left a modest 10% surplus.

Mission

To promote bussiness and industrial development in Athens and Limestone County Alabama

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $482,904

Program Service Revenue $0

Investment Income $8,349

Other Revenue $0

TOTAL REVENUE $491,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,225

Fundraising Expenses $0

Program Expenses $473,433

Other Expenses $184,208

TOTAL EXPENSES $473,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,253	N/A	N/A
Expenses	$473,433	N/A	N/A
Net Income	$17,820	N/A	N/A

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

$164,423

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bethany Shockney	CEO	40.00	Officer	$114,468	$49,955	$164,423
Tommy Coblentz	Executive Committee	5.00	Director	$0	$0	$0
Kim Whitworth	Chairman Executive Committee	5.00	Director	$0	$0	$0
Jason Henesse	Executive Committee	2.00	Director	$0	$0	$0
Robbie Day	Executive Committee	2.00	Director	$0	$0	$0
Erin Tidwell	Executive Committee	2.00	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
2025	$491,253	$473,433	$549,579	$17,820
2024	$466,541	$430,420	$529,863	$36,121
2023	$478,785	$410,355	$499,140	$68,430
2022	$303,640	$301,240	$431,310	$2,400
2021	$375,042	$272,366	$420,960	$102,676
2020	$277,500	$289,399	$319,025	$-11,899
2019	$312,560	$295,487	$333,718	$17,073
2018	$298,185	$268,400	$322,128	$29,785

Limestone County Economic Development Assn Inc