QUITMAN COUNTY DEVELOPMENT ORG (EIN 640629668) - 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

ROBERT L JACKSON

Tax Period

2023-01-01 to 2023-12-31

QUITMAN COUNTY DEVELOPMENT ORG, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $436K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 15% operating margin.

Mission

QUITMAN COUNTY DEVELOPMENT ORGANIZATION EXISTS TO SERVE COMMUNITIES IN THE MISSISSIPPI DELTA BY EMPOWERING INDIVIDUALS, FAMILIES AND ORGANIZATIONS.

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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 $435,673

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $435,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,966

Fundraising Expenses $0

Program Expenses $284,728

Other Expenses $280,229

TOTAL EXPENSES $370,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$435,673	$286,630	+0.5%
Expenses	$370,195	$275,876	+0.3%
Net Income	$65,478	$10,754	+5.1%

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
ROBERT JACKSON	CEO	40	Officer Key Emp	$0	$0	$0
LARRY STEVESON	BOARD CHAIR	0	Officer Director	$0	$0	$0
EDWARD WILEY	VICE-CHAIR	10	Officer	$0	$0	$0
RUBY MONTGOMER	BOARD SEC	10	Officer	$0	$0	$0
TERESS HOLLAMO	ASST SEC	0	Director	$0	$0	$0
CONNELLA POLK	TREASURET	10	Officer Director	$0	$0	$0
MARILYN YOUNG	MEMBER	10	Director	$0	$0	$0
MANUEL KILLIBR	MEMBER	10	Director	$0	$0	$0
REGINALD GRIFF	MEMBER	10	Director	$0	$0	$0
ALMA HARRIS	MEMBER	10	Director	$0	$0	$0
SHELTON LEONAR	MEMBER	10	Director	$0	$0	$0
SYLVESTER REED	MEMBER	10	Director	$0	$0	$0
BRADFORD FAIR	MEMBER	10	Director	$0	$0	$0
WANDA J LEE	MEMBER	10	Director	$0	$0	$0
JULIUS HARRIS	MEMBER	10	Director	$0	$0	$0
TANYA THOMAS	MEMBER	10	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
2024	No data	No data	No data	No data
2023	$435,673	$370,195	$532,531	$65,478

QUITMAN COUNTY DEVELOPMENT ORG