Marshall County Economic Council Inc (EIN 631106456) - 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

1995

Legal Domicile

Principal Officer

Joe Whitmore

Phone

2565825100

Tax Period

2025-01-01 to 2025-12-31

Marshall County Economic Council Inc, founded in 1995, is a small nonprofit that reported $336K in total revenue in fiscal year 2020. Expenses of $410K exceeded revenue, resulting in a 22% operating deficit.

Mission

To promote economic growth in Marshall County, Alabama

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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 (2025)

Revenue Breakdown

Contributions & Grants $427,724

Program Service Revenue $0

Investment Income $3,998

Other Revenue $400

TOTAL REVENUE $432,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,161

Fundraising Expenses $0

Program Expenses $388,839

Other Expenses $124,678

TOTAL EXPENSES $388,839

Year-over-Year Comparison

	2025	2024	Change
Revenue	$432,122	$487,936	-0.1%
Expenses	$388,839	$420,868	-0.1%
Net Income	$43,283	$67,068	-0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Arnold	Former Exec Dir	40.00		$100,403	$0	$100,403
Joe Whitmore	Chairman	0.00	Director	$0	$0	$0
Scott Bobo	Board Member	0.00	Director	$0	$0	$0
Jason Simpson	Board Member	0.00	Director	$0	$0	$0
Blake Farmer	Board Member	0.00	Director	$0	$0	$0
Sunny Vasudeva	Board Member	0.00	Director	$0	$0	$0
Jennifer Amos	Board Member	0.00	Director	$0	$0	$0
Shane Wilks	Board Member	0.00	Director	$0	$0	$0
James Cameron	Board Member	0.00	Director	$0	$0	$0
Stacy White	Board Member	0.00	Director	$0	$0	$0
Lance Joyner	Board Member	0.00	Director	$0	$0	$0
Melissa Cook	Board Member	0.00	Director	$0	$0	$0
Jeff Weathers	Board Member	0.00	Director	$0	$0	$0
Joe Williams	Board Member	0.00	Director	$0	$0	$0
Kota Kiriyama	Board Member	0.00	Director	$0	$0	$0
Jonathan Bopp	Board Member	0.00	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
2025	$432,122	$388,839	$407,338	$43,283
2024	$487,936	$420,868	$364,342	$67,068
2023	$431,641	$413,741	$297,165	$17,900
2022	$438,284	$413,303	$281,096	$24,981
2021	$492,446	$474,274	$255,001	$18,172
2020	$336,180	$410,179	$270,970	$-73,999

Marshall County Economic Council Inc