SHOALS ENTREPRENEURIAL CENTER INC (EIN 631045752) - 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

1989

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

SHOALS ENTREPRENEURIAL CENTER INC, founded in 1989, is a small nonprofit in the Unknown sector that reported $550K in total revenue in fiscal year 2020. Revenue decreased 11% compared to the prior year. Net assets of $1.1M represent 25 months of operating reserves.

Mission

PROVIDING NEW DEVELOPMENT STAGE SMALL BUSINESS WITH FACILITIES AND SUPPORT DURING DEVELOPMENT PERIOD START UP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $105,000

Program Service Revenue $324,852

Investment Income $23,065

Other Revenue $-76,948

TOTAL REVENUE $375,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,944

Fundraising Expenses $0

Program Expenses $329,027

Other Expenses $225,127

TOTAL EXPENSES $431,071

Year-over-Year Comparison

	2022	2021	Change
Revenue	$375,969	$413,716	-0.1%
Expenses	$431,071	$433,039	0.0%
Net Income	$-55,102	$-19,323	+1.9%

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

$120,060

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GILES MCDANIEL	SECRETARY EXEC DIRECTOR	40.00	Officer	$120,060	$0	$120,060
GREG CARNES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LINDER	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT HAATAJA	VICE CHAIRMAN	1.00	Director	$0	$0	$0
BUD WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL DIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
MCKINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAUGHTRY PERRITT	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY MCCOY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN INGLES	PAST CHAIR	2.00	Officer Director	$0	$0	$0
REBECCA HOVATER	CHAIRMAN OF BOARD	2.00	Officer Director	$0	$0	$0
DAVID MUHLENDORF	TREASURER	5.00	Officer 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
2022	$375,969	$431,071	$1,114,188	$-55,102
2021	$413,716	$433,039	$1,176,717	$-19,323
2020	$550,072	$567,617	$1,188,009	$-17,545

SHOALS ENTREPRENEURIAL CENTER INC