BALDWIN COUNTY ECONOMIC DEVELOPMEN… - Form 990 Financial Data

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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

1994

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

BALDWIN COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC, founded in 1994, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $4.1M exceeded revenue, resulting in a 81% operating deficit.

Mission

THE ALLIANCE PROMOTES ECONOMIC DEVELOPMENT OF BALDWIN COUNTY THROUGH THE RECRUITMENT OF NEW BUSINESS AND PROVIDES ASSISTANCE WITH THE EXPANSION OF EXISTING BUSINESS.

Program Service Accomplishments

Program 1

Expenses: $3,843,234

THE ALLIANCE PROMOTES ECONOMIC DEVELOPMENT OF BALDWIN COUNTY THROUGH THE RECRUITMENT OF NEW BUSINESS AND PROVIDES ASSISTANCE WITH THE EXPANSION OF EXISTING BUSINESS. THE ALLIANCE COLLECTS AND...

THE ALLIANCE PROMOTES ECONOMIC DEVELOPMENT OF BALDWIN COUNTY THROUGH THE RECRUITMENT OF NEW BUSINESS AND PROVIDES ASSISTANCE WITH THE EXPANSION OF EXISTING BUSINESS. THE ALLIANCE COLLECTS AND COMPILES DEMOGRAPHIC INFORMATION, INCLUDING CENSUS INFORMATION, REGULATORY INFORMATION, SITE/BUILDING AVAILABILITY, SPECIFIC BUSINESS DEVELOPMENT INFORMATION, AND MORE. THE ALLIANCE MARKETS A NATIONAL ADVERTISING PROGRAM DESIGNED TO HEIGHTEN AWARENESS OF BUSINESS GROWTH OPPORTUNITIES IN BALDWIN COUNTY.

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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 $2,084,140

Program Service Revenue $96,900

Investment Income $101,531

Other Revenue $592

TOTAL REVENUE $2,283,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $934,223

Fundraising Expenses $0

Program Expenses $3,843,234

Other Expenses $3,202,664

TOTAL EXPENSES $4,136,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,283,163	$1,909,050	+0.2%
Expenses	$4,136,887	$4,966,704	-0.2%
Net Income	$-1,853,724	$-3,057,654	-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

$351,414

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY R LAWSON	PRESIDENT AND CEO	40.00	Key Emp	$319,303	$32,111	$351,414
JEFF SCHMITZ	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
TODD STEWART	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
MARGARET ROLEY	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
GREG ALEXANDER	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
WES YOUNG	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JIM BIBBY	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JOE STOUGH	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BILL MITCHELL	SECRETARYTREASURER	2.00	Officer Director	$0	$0	$0
GIA LONG	TREASURERSECRETARY	2.00	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
2023	$2,283,163	$4,136,887	$3,603,056	$-1,853,724
2022	$1,909,050	$4,966,704	$5,483,841	$-3,057,654
2021	$6,667,397	$2,045,577	$7,968,637	$4,621,820
2020	$3,550,595	$6,763,204	$3,538,256	$-3,212,609
2019	$6,452,632	$899,836	$6,557,147	$5,552,796
2018	$747,079	$817,967	$1,018,092	$-70,888

BALDWIN COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC