TERRELL INDUSTRIES INC

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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

1986

Legal Domicile

Principal Officer

RANDY BARNES

Phone

2567731922

Tax Period

2023-01-01 to 2023-12-31

TERRELL INDUSTRIES INC, founded in 1986, is a small nonprofit that reported $585K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $91K, a strong 16% operating margin.

Mission

EMPLOYS SPECIAL NEEDS AND MENTALLY HANDICAPPED INDIVIDUALS WITH JOBS SPECIALIZING IN PACKAGING, LABELING, QUALITY CHECKING AND ASSEMBLY FOR INDUSTRIES IN AND AROUND MORGAN COUNTY, ALABAMA.

Program Service Accomplishments

Program 1

Expenses: $434,007 Revenue: $531,453

PROVIDE EMPLOYMENT TO 44-59 MENTALLY HANDICAPPED INDIVIDUALS. PRIMARY ACTIVITIES CONSISTS OF ASSEMBLING COAT HANGERS, RUBBER DOOR INSULATION, REFRIGERATION INSULATION, AND OTHER VARIOUS MANUFACTURING...

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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 (2023)

Revenue Breakdown

Contributions & Grants $53,367

Program Service Revenue $531,432

Investment Income $21

Other Revenue $0

TOTAL REVENUE $584,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,967

Fundraising Expenses $0

Program Expenses $434,007

Other Expenses $84,863

TOTAL EXPENSES $493,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$584,820	$436,711	+0.3%
Expenses	$493,830	$453,296	+0.1%
Net Income	$90,990	$-16,585	-6.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID WOOD	BOARD MEMBER	Director	$0	$0	$0
RANDY BARNES	TREASURER	Officer Director	$0	$0	$0
LEON KEY	BOARD MEMBER	Director	$0	$0	$0
GARY GRANTLAND	BOARD MEMBER	Director	$0	$0	$0
RON GRANTLAND	BOARD MEMBER	Director	$0	$0	$0
TODD BENNICH	PRESIDENT	Officer Director	$0	$0	$0
ANGEL ROLLINS	SECRETARY	Officer Director	$0	$0	$0
EDDIE TURRENTINE	BOARD MEMBER	Director	$0	$0	$0
LYDIA GANN	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$584,820	$493,830	$416,904	$90,990
2022	$436,711	$453,296	$326,014	$-16,585
2021	$421,819	$414,621	$343,151	$7,198
2020	$352,654	$395,561	$395,050	$-42,907
2019	$384,327	$392,945	$378,519	$-8,618
2018	$422,029	$369,056	$391,938	$52,973