COMMUNITY DEVELOPMENT FOUNDATION

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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

1948

Legal Domicile

Principal Officer

DAVID RUMBARGER

Phone

6628424521

Tax Period

2024-05-01 to 2025-04-30

COMMUNITY DEVELOPMENT FOUNDATION, founded in 1948, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $7.3M left a modest 12% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO DIVERSIFY AND STREGTHEN OUR ECONOMIC MIX THROUGH BUSINESS RETENTION, EXPANSION, AND ATTRACTION. IMPROVE OUR HUMAN CAPITAL THROUGH WORKFORCE SKILLS, AND LEADERSHIP TRAINING. IMPROVE OUR COMMUNICATIONS WITH EXISTING BUSINESSES, LOCAL, STATE AND FEDERAL GOVERNMENTS. FOSTER SMALL BUSINESS AND ENTREPRENEUR DEVELOPMENT. AND TO ENHANCE THE BUSINESS CLIMATE AND QUALITY OF LIFE THROUGH PLANNING, PUBLIC POLICY, AND STRONG PARTNERSHIPS.

Program Service Accomplishments

Program 1

THE PLANNING AND PROPERTY MANAGEMENT PROGRAM AIMS TO EMPOWER AND RAISE THE STANDARD OF PUBLIC COMMUNICATION AND PARTNERSHIP FOR REGIONAL PROGRESS. THIS PROGRAM OF WORK AND ITS ELEMENTS IS CREATED TO...

Program 2

THE LEE COUNTY CHAMBER OF COMMERCE ENHANCES COMMUNITY EDUCATION AND THE BUSINESS ENVIRONMENT IN LEE COUNTY.

Program 3

THE ECONOMIC DEVELOPMENT/FUTURE FOCUS IS A MEANS TO BRING VIBRANT WORKFORCE AND TRAINING TO LEE COUNTY BY RECRUITMENT, RETENTION, AND WORKFORCE TRAINING OF EXISTING AND FUTURE INDUSTRIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,658,665

Program Service Revenue $2,795,345

Investment Income $21,052

Other Revenue $2,864,408

TOTAL REVENUE $8,339,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,277,152

Fundraising Expenses $0

Other Expenses $3,055,933

TOTAL EXPENSES $7,333,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,339,470	$5,444,517	+0.5%
Expenses	$7,333,085	$6,129,701	+0.2%
Net Income	$1,006,385	$-685,184	-2.5%

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

N/A

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

$2,132,584

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY ELKINS	MEMBER	1.00	Director	$0	$0	$0
BEV CROSSEN	MEMBER	1.00	Director	$0	$0	$0
BRENT WALDROP	MEMBER	1.00	Director	$0	$0	$0
BRAIN RIGBY	MEMBER	1.00	Director	$0	$0	$0
CHARLIE KINNEY	CHAIRMAN	1.00	Director	$0	$0	$0
CHRIS BAGLEY	PAST CHAIRMAN	1.00	Director	$0	$0	$0
GEOFF CARTER	MEMBER	1.00	Director	$0	$0	$0
JOSH WEST	MEMBER	1.00	Director	$0	$0	$0
KEVIN CHAPMAN	MEMBER	1.00	Director	$0	$0	$0
KIM CRUMBIE	MEMBER	1.00	Director	$0	$0	$0
KURT SHETTLES	CHAIR-ELECT	1.00	Director	$0	$0	$0
NORRIS GIZZARD	MEMBER	1.00	Director	$0	$0	$0
SHARON NOBLES	MEMBER	1.00	Director	$0	$0	$0
SKIPPER HOLLIMAN	MEMBER	1.00	Director	$0	$0	$0
TOLLIE WHITE	MEMBER	1.00	Director	$0	$0	$0
WESLEY WEBB	SUPERVISORS MEMBER	1.00	Director	$0	$0	$0
DAVID RIMBARGER	PRESIDENT/CEO	40.00	Key Emp	$886,148	$0	$886,148
SHANE HOMAN	COO	40.00	Key Emp	$394,731	$0	$394,731
MATT MCCARTY	CFO	40.00	Key Emp	$388,067	$0	$388,067
JON MILSTEAD	VP OF PLANNING AND PROPERTY DEVELOPMENT	40.00	Key Emp	$307,857	$0	$307,857
JUDD WILSON	VP OF CHAMBER OF COMMERCE	40.00	Key Emp	$155,781	$0	$155,781

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	$8,339,470	$7,333,085	$30,104,690	$1,006,385
2024	$5,308,017	$5,899,295	$30,722,007	$-591,278
2023	$6,225,081	$5,323,522	$32,296,990	$901,559
2022	$9,486,414	$5,256,100	$26,378,062	$4,230,314
2021	$4,891,350	$4,698,269	$22,821,559	$193,081
2020	$5,204,765	$4,776,261	$22,962,536	$428,504
2019	$5,418,560	$5,188,115	$24,626,849	$230,445
2018	$5,653,876	$4,881,217	$24,826,888	$772,659