MOUNTAIN BROOK, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTHERN DEVELOPMENT COUNCIL, founded in 1983, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 7% surplus.
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.
THE ORGANIZATION ASSISTS SMALL BUSINESSES IN OBTAINING FINANCING USING LOAN PROGRAMS OFFERED BY THE US SMALL BUSINESS ADMINISTRATION COMMONLY REFERRED TO AS THE SBA. THE ORGANIZATION ORIGINATES AND...
THE ORGANIZATION ASSISTS SMALL BUSINESSES IN OBTAINING FINANCING USING LOAN PROGRAMS OFFERED BY THE US SMALL BUSINESS ADMINISTRATION COMMONLY REFERRED TO AS THE SBA. THE ORGANIZATION ORIGINATES AND SUBSEQUENTLY SERVICES LOANS FOR THE SBA UNDER THEIR 504 PROGRAMS.
IN ADDITION TO THE SBA LOAN PROGRAMS, THE ORGANIZATION PROMOTES SMALL BUSINESS GROWTH AND DEVELOPMENT BY MAKING LOANS DIRECTLY TO SMALL BUSINESSES. UNDER CERTAIN CIRCUMSTANCES, THESE DIRECT LOANS ARE...
IN ADDITION TO THE SBA LOAN PROGRAMS, THE ORGANIZATION PROMOTES SMALL BUSINESS GROWTH AND DEVELOPMENT BY MAKING LOANS DIRECTLY TO SMALL BUSINESSES. UNDER CERTAIN CIRCUMSTANCES, THESE DIRECT LOANS ARE MADE IN CONJUNCTION WITH SBA LOANS AND ARE CONSIDERED "GAP" FINANCING. OTHER DIRECT LOANS ARE MADE WHERE LOAN AMOUNTS NEEDED BY THE SMALL BUSINESSES ARE SMALLER OR SHORTER TERM OF WEHRE THE USE OF THE PROCEEDS IS MIXED (I.E. FIXED ASSET ACQUISITION OR WORKING CAPITAL) AND MAY NOT BE A CANDIDATE FOR THE SBA 504 PROGRAM.
ONE OF THE ORGANIZATION'S PROGRAMS IS RELATED TO THE LOAN SERVICING PROCESS. THE ORGANIZATION RECEIVES MONTHLY SERVICING FEES ON ALL LOANS FUNDED BY THE SBA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare SOUTHERN DEVELOPMENT COUNCIL with other nonprofits in Alabama and across the country.