TIPPAH COUNTY DEVELOPMENT FOUNDATION INC (EIN 640716026) - 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

1984

Legal Domicile

Principal Officer

CHRIS LEWELLEN

Phone

6628373353

Tax Period

2024-01-01 to 2024-12-31

TIPPAH COUNTY DEVELOPMENT FOUNDATION INC, founded in 1984, is a small nonprofit that reported $573K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 205% operating deficit.

Mission

TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT

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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 $126,749

Program Service Revenue $444,567

Investment Income $1,503

Other Revenue $0

TOTAL REVENUE $572,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,629

Fundraising Expenses $0

Program Expenses $1,696,893

Other Expenses $1,605,406

TOTAL EXPENSES $1,747,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$572,819	$489,874	+0.2%
Expenses	$1,747,035	$1,785,270	0.0%
Net Income	$-1,174,216	$-1,295,396	-0.1%

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

$95,256

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS LEWELLEN	Executive Dir.	40.00	Officer	$95,256	$0	$95,256
BOB GLOVER	PRESIDENT	0.20	Officer Director	$0	$0	$0
ROGER CHILDS	Treasurer	0.10	Officer Director	$0	$0	$0
TIM WATSON	Director	0.10	Director	$0	$0	$0
DR BARBARA MCMILLIN	Director	0.10	Director	$0	$0	$0
VICKI SKINNER	Director	0.10	Director	$0	$0	$0
TERRY ABBY	Director	0.10	Director	$0	$0	$0
AMANDA HILL	Director	0.10	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
2025	No data	No data	No data	No data
2024	$572,819	$1,747,035	$22,800,588	$-1,174,216
2023	$489,874	$1,785,270	$23,857,971	$-1,295,396
2022	$994,925	$1,179,366	$25,208,793	$-184,441
2021	$244,725	$189,305	$25,615,767	$55,420
2020	$205,164	$180,931	$25,582,157	$24,233
2019	$193,610	$184,742	$678,331	$8,868
2018	$210,499	$185,456	$686,506	$25,043

TIPPAH COUNTY DEVELOPMENT FOUNDATION INC