GREENWOOD LEFLORE-CARROLL ECONOMIC DEVELOPMENT FOUNDATION INC (EIN 640640864) - 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

1980

Legal Domicile

Principal Officer

JOHN STEWART

Phone

6624535321

Tax Period

2024-10-01 to 2025-09-30

GREENWOOD LEFLORE-CARROLL ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1980, is a small nonprofit that reported $474K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $458K left a modest 3% surplus.

Mission

INDUSTRIAL DEVELOPMENT CONCENTRATED IN THE AREAS OF THE CITY OF GREENWOOD, MS AND ALSO LEFLORE AND CARROLL COUNTIES OF MISSISSIPPI

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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 $408,428

Program Service Revenue $3,341

Investment Income $22,579

Other Revenue $39,220

TOTAL REVENUE $473,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $356,750

Other Expenses $458,374

TOTAL EXPENSES $458,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,568	$262,179	+0.8%
Expenses	$458,374	$207,263	+1.2%
Net Income	$15,194	$54,916	-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

N/A

Independent Members

N/A

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

$153,375

Total Directors

$153,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GREGORY	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$153,375
JEAN CADNEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN STEWART	CHAIRMAN	1.00	Officer 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	$473,568	$458,374	$1,268,000	$15,194
2024	$262,179	$207,263	$1,240,733	$54,916
2023	$241,833	$249,035	$1,149,229	$-7,202
2022	$106,281	$130,439	$1,144,091	$-24,158
2021	$129,107	$107,745	$1,168,249	$21,362
2020	$127,000	$197,167	$1,146,887	$-70,167
2019	$148,556	$151,474	$1,217,054	$-2,918

GREENWOOD LEFLORE-CARROLL ECONOMIC DEVELOPMENT FOUNDATION INC