SOUTHERN DEVELOPMENT COUNCIL (EIN 630866023) - 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

1983

Legal Domicile

Principal Officer

YOLANDA MERRIWEATHER

Phone

8004993034

Tax Period

2024-10-01 to 2025-09-30

SOUTHERN DEVELOPMENT COUNCIL INC, founded in 1983, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. Net assets of $5.1M represent 50 months of operating reserves.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE SMALL BUSINESS GROWTH AND DEVELOPMENT BY ASSISTING THEM WITH OBTAINING THE FINANCING THEY NEED IN ORDER TO ACHIEVE THAT GROWTH AND DEVELOPMENT INCLUDING JOB CREATION.

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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 $0

Program Service Revenue $1,475,890

Investment Income $107,077

Other Revenue $4,621

TOTAL REVENUE $1,587,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $900,591

Fundraising Expenses $0

Program Expenses $1,061,215

Other Expenses $583,629

TOTAL EXPENSES $1,484,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,587,588	$1,494,206	+0.1%
Expenses	$1,484,220	$1,380,940	+0.1%
Net Income	$103,368	$113,266	-0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$191,291

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MATHIS	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
MARK CHAMBERS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
CHARLES EDDY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
PATRICK HAMNER	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN KNIGHT	BOARD MEMBER	3.00	Director	$0	$0	$0
DEMARCO MCCLAIN	BOARD MEMBER	3.00	Director	$0	$0	$0
JO KAREN PARR	BOARD MEMBER	3.00	Director	$0	$0	$0
JIM SEARCY	BOARD MEMBER	3.00	Director	$0	$0	$0
SPENCER WIGGINS	BOARD MEMBER	3.00	Director	$0	$0	$0
YOLANDA MERRIWEATHER	PRESIDENT AND EXECUTIVE DI	40.00	Officer	$181,413	$9,878	$191,291

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	$1,587,588	$1,484,220	$5,545,196	$103,368
2024	$1,494,206	$1,380,940	$5,365,921	$113,266
2023	$1,384,295	$1,305,989	$5,139,101	$78,306
2022	$1,106,394	$1,365,654	$5,076,770	$-259,260
2021	$1,396,001	$1,633,710	$5,250,522	$-237,709
2020	$1,499,797	$1,519,325	$5,513,577	$-19,528
2019	$1,231,478	$1,279,993	$5,575,654	$-48,515

SOUTHERN DEVELOPMENT COUNCIL