PRENTISS COUNTY DEVELOPMENT ASSOCIATION (EIN 640594867) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

LEON HAYS

Phone

6627283505

Tax Period

2024-10-01 to 2025-09-30

PRENTISS COUNTY DEVELOPMENT ASSOCIATION, founded in 1977, is a small nonprofit that reported $212K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $604K represent 34 months of operating reserves.

Mission

PROMOTE INDUSTRIAL GROWTH PRENTISS 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 (2024)

Revenue Breakdown

Contributions & Grants $173,165

Program Service Revenue $0

Investment Income $20,803

Other Revenue $18,000

TOTAL REVENUE $211,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,169

Fundraising Expenses $4,326

Program Expenses $243,306

Other Expenses $93,883

TOTAL EXPENSES $230,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,968	$169,846	+0.2%
Expenses	$230,052	$232,191	0.0%
Net Income	$-18,084	$-62,345	-0.7%

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
JASON COLEY	PRESIDENT	5	Officer Director	$0	$0	$0
KIM WALLIS	VICE PRESIDENT	5	Officer Director	$0	$0	$0
MAYOR JUDY RAMEY	SECRETARY	5	Officer Director	$0	$0	$0
BILLY MARTIN	TREASURER	5	Officer Director	$0	$0	$0
DR TATE HILL	1ST DISTRICT REP	5	Director	$0	$0	$0
MAYOR CINDY WHITE	2ND DISTRICT REP	5	Director	$0	$0	$0
MIKE CARPENTER	3RD DISTRICT REP	5	Director	$0	$0	$0
JOBIE LINDSEY	4TH DISTRICT REP	5	Director	$0	$0	$0
PAT SHORT	5TH DISTRICT REP	5	Director	$0	$0	$0
CHRISTY SCHELL	PAST PRESIDENT	5	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	$211,968	$230,052	$607,618	$-18,084
2024	$169,846	$232,191	$639,837	$-62,345
2023	$203,411	$233,604	$701,870	$-30,193
2022	$232,598	$205,777	$732,661	$26,821
2021	$210,645	$191,483	$706,839	$19,162
2020	$173,185	$315,438	$686,024	$-142,253

PRENTISS COUNTY DEVELOPMENT ASSOCIATION