ECONOMIC DEVELOPMENT ASSOCIATION OF ALABAMA INC

EIN: 630886994

MONTGOMERY, AL

Total Revenue
$1,151,069
Total Expenses
$1,084,633
Total Assets
$866,538
Net Assets
$506,440
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
AL
Principal Officer
JIM SEARCY
Phone
3346762085
Tax Period
2023-01-01 to 2023-12-31

ECONOMIC DEVELOPMENT ASSOCIATION OF ALABAMA INC, founded in 1996, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 6% surplus.

Mission

EDAA WILL PURPOSEFULLY ADVOCATE ISSUES WHICH CAN POSITIVELY IMPACT THE ECONOMIC DEVELOPMENT COMMUNITY AND PROFESSION IN ALABAMA THROUGH LEGISLATION AND PROFESSIONAL DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $1,084,633 Revenue: $1,142,738

CONFERENCES AND WORKSHOPS PROVIDE MEMBERS WITH INCREASED KNOWLEDGE OF ECONOMIC DEVELOPMENT METHODS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,101,442
Investment Income $8,331
Other Revenue $41,296
TOTAL REVENUE $1,151,069

Expense Breakdown

Grants Paid $0
Salaries & Benefits $275,449
Fundraising Expenses $0
Program Expenses $1,084,633
Other Expenses $809,184
TOTAL EXPENSES $1,084,633

Year-over-Year Comparison

2023 2022 Change
Revenue $1,151,069 $1,007,717 +0.1%
Expenses $1,084,633 $887,426 +0.2%
Net Income $66,436 $120,291 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
2
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
6
$176,056
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLISON BRANTLEY BOARD MEMBER 0.00
Director
$0 $0 $0
CHRIS BUSBY BOARD MEMBER 0.00
Director
$0 $0 $0
CARY COX BOARD MEMBER 0.00
Director
$0 $0 $0
LEE JOHNSON BOARD MEMBER 0.00
Director
$0 $0 $0
SHANE KEARNEY BOARD MEMBER 0.00
Director
$0 $0 $0
NATHAN LEE BOARD MEMBER 0.00
Director
$0 $0 $0
LISAA MILLER BOARD MEMBER 0.00
Director
$0 $0 $0
TAYLOR WILLIAMS PRESIDENT 0.00
Officer Director
$0 $0 $0
ANGELA SMITH FIRST VP 0.00
Officer Director
$0 $0 $0
JANIE TROUTMAN SECOND VP 0.00
Officer Director
$0 $0 $0
MELODY WHITTEN SECRETARY/TREASURER 0.00
Officer Director
$0 $0 $0
BROOKS KRACKE IMMEDIATE PAST PRESIDENT 0.00
Officer Director
$0 $0 $0
JIM SEARCY EXECUTIVE DIRECTOR 40.00
Officer
$140,658 $35,398 $176,056
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
2024 No data No data No data No data
2023 $1,151,069 $1,084,633 $866,538 $66,436
2022 $1,007,717 $887,426 $775,092 $120,291
2021 $631,006 $688,122 $583,502 $-57,116
2020 $938,483 $882,402 $605,057 $56,081
2019 $991,052 $727,253 $717,806 $263,799
2018 $801,767 $783,468 $421,959 $18,299
Explore More Nonprofits
→Top 100 Nonprofits in Alabama →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ECONOMIC DEVELOPMENT ASSOCIATION OF ALABAMA INC with other nonprofits in Alabama and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.