DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL INC (EIN 640616656) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

JAMES B FLANAGAN

Phone

6624294414

Tax Period

2024-01-01 to 2024-12-31

DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL INC, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $980K left a modest 10% surplus.

Mission

DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP, COORDINATE AND RECRUIT NEW AND EXPANDED INDUSTRY,BUSINESS AND TRADE IN DESOTO COUNTY. THE COUNCIL ALSO WAS A PART OF AN EDUCATION- INDUSTRY PARTNERSHP THAT CREATED A NEW CAREER TECH CENTER IN OLIVE BRANCH TO PROMOTE JOB CREATION AND TRAINING PROGRAMS TO MEET THE GROWING NEEDS OF THE COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $847,018

Program Service Revenue $185,242

Investment Income $22,231

Other Revenue $34,917

TOTAL REVENUE $1,089,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $581,111

Fundraising Expenses $37,919

Other Expenses $398,502

TOTAL EXPENSES $979,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,089,408	$972,815	+0.1%
Expenses	$979,613	$931,012	+0.1%
Net Income	$109,795	$41,803	+1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$361,013

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN RAY	CHAIRMAN	3.00	Officer Director	$0	$0	$0
DAVY HUNT	VICE CHAIRMA	3.00	Officer Director	$0	$0	$0
RHODES THOMPSON	TREASURER	3.00	Director	$0	$0	$0
BOBBIE ESPITIA	SECRETARY	3.00	Director	$0	$0	$0
DIEGO LEJWA	PAST CHAIRMA	3.00	Officer Director	$0	$0	$0
DAVID BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
CALVIN JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM ALLMON	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSS SNEED	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN DODDRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
REGGIE DURHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD GRISSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DWAYNE NAPPER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAD SIMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN RAY	BOARD MEMBER	1.00	Director	$0	$0	$0
SONNET BOOTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVY HUNT	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT FELSENTHAL	BOARD MEMBER	1.00	Director	$0	$0	$0
NICKY GOODSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN CLAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE SPELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DANE CHAMBERLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANE CRAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TANYA CREHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANNY SANDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT KELSO	BOARD MEMBER	1.00	Director	$0	$0	$0
TRISH SPALDING	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA COATS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY GOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN IBSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JON STEVENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RITCHIE HAMPTON	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
CHAD PAYTON	EX-OFFICIO B	1.00	Director	$0	$0	$0
CHIP JOHNSON	EX-OFFICIO B	1.00	Director	$0	$0	$0
ALLEN LATIMER	EX BOARD MEM	1.00	Director	$0	$0	$0
KEN ADAMS	EX BOARD MEM	1.00	Director	$0	$0	$0
DARREN MUSSELWHITE	EX BOARD MEM	1.00	Director	$0	$0	$0
KEIDRON HENDERSON	EX BOARD MEM	1.00	Director	$0	$0	$0
VANESSA LYNCHARD	EX BOARD MEM	1.00	Director	$0	$0	$0
LEE CALDWELL	EX BOARD MEM	1.00	Director	$0	$0	$0
CORY USELTON	EX BOARD MEM	1.00	Director	$0	$0	$0
DR MICHAEL HEINDL	EX BOARD MEM	1.00	Director	$0	$0	$0
JAMES B FLANAGAN	EXECUTIVE DI	40.00	Key Emp	$343,822	$17,191	$361,013

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	$1,089,408	$979,613	$834,719	$109,795
2023	$972,815	$931,012	$719,565	$41,803
2022	$878,105	$1,022,457	$674,247	$-144,352
2021	$866,441	$738,334	$791,749	$128,107
2020	$1,013,523	$680,030	$897,293	$333,493
2019	$831,312	$724,404	$563,800	$106,908
2018	$710,249	$766,227	$456,892	$-55,978

DESOTO COUNTY ECONOMIC DEVELOPMENT COUNCIL INC