GADSDEN ETOWAH COUNTY PROGRESS COU… - 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

1945

Legal Domicile

Principal Officer

HERLECIA HAMPTON

Phone

2565467431

Tax Period

2024-08-01 to 2025-07-31

GADSDEN ETOWAH COUNTY PROGRESS COUNCIL, founded in 1945, is a community nonprofit in the Community Improvement sector that reported $5.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 11% surplus.

Mission

THE GADSDEN ETOWAH COUNTY HEAD START PROGRAM WILL NURTURE AND ADVOCATE FOR CHILDREN AND FAMILIES. THE COUNCIL PROVIDES A SAFE AND HAPPY ENVIRONMENT WHILE MOLDING YOUNG MINDS FOR FUTURE LEARNING. THE COUNCIL STRIVES TO DEVELOP WELL-ROUNDED INDIVIDUALS WHO HAVE POSITIVE SELF-ESTEEM AND WHO WILL BECOME VALUABLE AND PRODUCTIVE MEMBERS OF SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $3,107,739 Revenue: $12,033

HEAD START/EARLY HEAD START PROGRAM: THE GADSDEN-ETOWAH COUNTY PROGRESS COUNCIL NURTURED AND ADVOCATED FOR 319 CHILDREN THROUGH THE HEAD START AND EARLY HEAD START PROGRAMS. THE COUNCIL PROVIDED A...

HEAD START/EARLY HEAD START PROGRAM: THE GADSDEN-ETOWAH COUNTY PROGRESS COUNCIL NURTURED AND ADVOCATED FOR 319 CHILDREN THROUGH THE HEAD START AND EARLY HEAD START PROGRAMS. THE COUNCIL PROVIDED A SAFE AND HAPPY ENVIRONMENT, USING A CREATIVE CURRICULUM TO PROVIDE QUALITY SERVICE TO THE CHILDREN WE SERVE, PREPARING THEM FOR THE NEXT LEVEL OF LEARNING. THE COUNCIL STROVE TO DEVELOP WELL-ROUNDED, LIFE-LONG INDIVIDUALS WITH POSITIVE SELF-ESTEEM THAT WILL BECOME VALUABLE AND PRODUCTIVE MEMBERS OF SOCIETY UTILIZING ALL OF OUR SERVICE AREAS: HEALTH, MENTAL HEALTH, NUTRITION, AND PARENT-FAMILY-COMMUNITY ENGAGEMENT.

Program 2

Expenses: $386,803

FOOD SERVICES PROGRAM: DURING THE FISCAL YEAR, APPROXIMATELY 294 CHILDREN PARTICIPATING IN THE HEAD START AND EARLY HEAD START PROGRAMS WERE SERVED HEALTHY, NUTRITIOUS SNACKS AND LUNCH THROUGH...

FOOD SERVICES PROGRAM: DURING THE FISCAL YEAR, APPROXIMATELY 294 CHILDREN PARTICIPATING IN THE HEAD START AND EARLY HEAD START PROGRAMS WERE SERVED HEALTHY, NUTRITIOUS SNACKS AND LUNCH THROUGH ASSISTANCE FROM USDA'S CHILD NUTRITION PROGRAM.

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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 $5,024,182

Program Service Revenue $12,033

Investment Income $-8,018

Other Revenue $0

TOTAL REVENUE $5,028,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,441,588

Fundraising Expenses $0

Program Expenses $3,494,542

Other Expenses $1,011,291

TOTAL EXPENSES $4,452,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,028,197	$4,583,082	+0.1%
Expenses	$4,452,879	$4,522,904	0.0%
Net Income	$575,318	$60,178	+8.6%

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

122

Volunteers

440

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

$246,265

Total Directors

$94,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARL HEARD	PRESIDENT	2.00	Officer Director	$0	$0	$0
DWIGHT BUSH	SECRETARY	2.00	Officer Director	$0	$0	$0
HERLECIA HAMPTON	EXECUTIVE DIRECTOR	40.00	Officer Director	$79,438	$15,420	$94,858
GERALD MAXWELL	DIRECTOR	2.00	Director	$0	$0	$0
GESNA LITTLEFIELD	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY CYLAR	DIRECTOR	2.00	Director	$0	$0	$0
GWEN FORD	DIRECTOR	2.00	Director	$0	$0	$0
JOHN REED	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS WORTHY	DIRECTOR	2.00	Director	$0	$0	$0
JUANITA JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA TOLES	DIRECTOR	2.00	Director	$0	$0	$0
BELVIE BRICE	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$54,930	$7,784	$62,714
PEGGY FREEMAN	FISCAL OFFICER	40.00	Officer	$73,560	$15,133	$88,693

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	$5,028,197	$4,452,879	$2,295,862	$575,318
2024	No data	No data	No data	No data
2023	$5,059,017	$5,083,497	$1,692,942	$-24,480
2022	$5,049,375	$4,468,956	$2,322,217	$580,419
2021	$4,174,872	$3,935,097	$1,027,271	$239,775
2020	$3,784,246	$3,823,040	$562,971	$-38,794
2019	$3,765,223	$3,821,394	$552,059	$-56,171
2018	$3,782,785	$3,747,684	$469,308	$35,101

GADSDEN ETOWAH COUNTY PROGRESS COUNCIL