ITAWAMBA COUNTY DEVELOPMENT COUNCIL

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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

1953

Legal Domicile

Principal Officer

JIMMIE WILSON

Phone

6628624571

Tax Period

2023-10-01 to 2024-09-30

ITAWAMBA COUNTY DEVELOPMENT COUNCIL, founded in 1953, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $277K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $120K, a strong 43% operating margin.

Mission

THE MISSION OF THE ITAWAMBA COUNTY DEVELOPMENT COUNCIL IS TO IMPROVE AND ENHANCE THE QUALITY OF LIFE FOR ALL CITIZENS AND PROMOTE ORDERLY BUSINESS AND ECONOMIC DEVELOPMENT IN ITAWAMBA COUNTY.

Program Service Accomplishments

Program 1

Expenses: $87,285

CREATING JOBS IN ITAWAMBA COUNTY AND ASSISTS IN OPENING NEW INDUSTRIAL SITES

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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 $236,380

Program Service Revenue $0

Investment Income $1,919

Other Revenue $38,737

TOTAL REVENUE $277,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,767

Fundraising Expenses $63,405

Program Expenses $87,896

Other Expenses $88,418

TOTAL EXPENSES $157,185

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,036	$441,956	-0.4%
Expenses	$157,185	$162,937	0.0%
Net Income	$119,851	$279,019	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM FARRIS	BOARD MEMBER	N/A	Director	$0	$0	$0
KIM GRAHAM	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLY MARTIN	PRESIDENT	N/A	Director	$0	$0	$0
RAY O'NEAL	BOARD MEMBER	N/A	Director	$0	$0	$0
JIMMIE WILSON	SECRETARY/TR	N/A	Director	$0	$0	$0
MARY SUE BOGGS	EXECUTIVE DI	N/A	Officer	$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	$277,036	$157,185	$576,451	$119,851
2023	$441,956	$162,937	$457,479	$279,019
2022	$154,151	$128,814	$177,861	$25,337
2021	$159,793	$129,618	$152,455	$30,175
2020	$139,477	$120,038	$136,681	$19,439
2019	$140,996	$141,679	$101,900	$-683
2018	$151,357	$106,609	$105,033	$44,748