CHICKASAW DEVELOPMENT CORPORATION (EIN 631190254) - 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

1997

Legal Domicile

Principal Officer

MIKE SWEET

Phone

2514576841

Tax Period

2024-07-01 to 2025-06-30

CHICKASAW DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $200K in total revenue in fiscal year 2018. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $259K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDE HOUSING FOR PERSONS OF LOW INCOME, ELDERLY OR DISABLED

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $230,830

Investment Income $738,840

Other Revenue $0

TOTAL REVENUE $969,670

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $232,374

Other Expenses $325,204

TOTAL EXPENSES $330,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$969,670	$254,207	+2.8%
Expenses	$330,204	$261,112	+0.3%
Net Income	$639,466	$-6,905	-93.6%

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

$178,085

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SPENCER ADAMS	DIRECTOR	0.20	Director	$0	$0	$0
GARY SMALLWOOD	DIRECTOR	0.20	Director	$0	$0	$0
BOB HAMM	DIRECTOR/VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
CHARLES RUSH	DIRECTOR	0.20	Director	$0	$0	$0
JIM TROUT	DIRECTOR	0.20	Director	$0	$0	$0
RANDY DAVIS	DIRECTOR/PRESIDENT	0.20	Officer Director	$0	$0	$0
MIKE SWEET	SECRETARY TREASURER	10.00	Officer	$0	$9,111	$178,085

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	$969,670	$330,204	$2,055,087	$639,466
2024	$254,207	$261,112	$1,412,536	$-6,905
2023	$244,264	$194,687	$1,425,301	$49,577
2022	$234,052	$214,220	$1,551,393	$19,832
2021	$215,403	$203,387	$1,353,738	$12,016
2020	$228,641	$263,564	$1,345,153	$-34,923
2019	$200,149	$259,116	$1,377,909	$-58,967

CHICKASAW DEVELOPMENT CORPORATION