TATE COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC

EIN: 640863145

SENATOBIA, MS

Total Revenue
$516,868
Total Expenses
$380,390
Total Assets
$1,087,789
Net Assets
$1,050,326
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MS
Principal Officer
BAILEY HUNT
Phone
6625628715
Tax Period
2024-01-01 to 2024-12-31

TATE COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1995, is a small nonprofit that reported $517K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $136K, a strong 26% operating margin.

Mission

IMPROVING ECONOMIC DEVELOPMENT OPPORTUNITIES FOR TATE COUNTY, MISSISSIPPI, THROUGH THE ADVANCEMENT OF COMMERICAL, INDUSTRIAL, AGRICULTURAL AND CIVIC INTERESTS OF THE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $369,878
Program Service Revenue $0
Investment Income $21,845
Other Revenue $125,145
TOTAL REVENUE $516,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $148,850
Fundraising Expenses $0
Other Expenses $231,540
TOTAL EXPENSES $380,390

Year-over-Year Comparison

2024 2023 Change
Revenue $516,868 $735,275 -0.3%
Expenses $380,390 $386,928 0.0%
Net Income $136,478 $348,347 -0.6%
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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Governance

Voting Members
15
Independent Members
15
Employees
4
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER BOUCHILLON TREASURER N/A
Officer Director
$0 $0 $0
TANYA CARTER DIRECTOR N/A
Director
$0 $0 $0
ALEE DIXON DIRECTOR N/A
Director
$0 $0 $0
CHRIS FLEMING SECRETARY N/A
Officer Director
$0 $0 $0
AMY GABBERT DIRECTOR N/A
Director
$0 $0 $0
JOSH HAMMONS DIRECTOR N/A
Director
$0 $0 $0
CLAY HARTZOG DIRECTOR N/A
Director
$0 $0 $0
MICHAEL HEINDL DIRECTOR N/A
Director
$0 $0 $0
BAILEY HUNT PRESIDENT N/A
Director
$0 $0 $0
COLE MASSIE DIRECTOR N/A
Director
$0 $0 $0
DOUG MCCLURE DIRECTOR N/A
Director
$0 $0 $0
MATTHEW RAFF VICE PRESIDE N/A
Officer Director
$0 $0 $0
DAVID SLOCUM DIRECTOR N/A
Director
$0 $0 $0
JOHN SPENCER PAST PRESIDE N/A
Officer Director
$0 $0 $0
BRANDON WESTMORELAND DIRECTOR N/A
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 $516,868 $380,390 $1,087,789 $136,478
2023 $735,275 $386,928 $940,494 $348,347
2022 $417,994 $344,546 $573,782 $73,448
2021 $432,737 $352,594 $496,849 $80,143
2020 $513,019 $521,394 $416,541 $-8,375
2019 $330,621 $316,263 $424,776 $14,358
2018 $293,873 $288,142 $411,667 $5,731
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