Carroll County Development Asssoc (EIN 640926040) - 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

1990

Legal Domicile

Principal Officer

Sugar Mullins

Tax Period

2024-01-01 to 2024-12-31

Carroll County Development Asssoc, founded in 1990, is a small nonprofit in the Education sector that reported $306K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 40% operating margin.

Mission

As an association, we envision a stable, flexible, and productive county. Our vision sees a county that will grow through united and proactive efforts that retain our rural heritage.

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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 $305,965

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $305,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,635

Other Expenses $182,635

TOTAL EXPENSES $182,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,965	$180,965	+0.7%
Expenses	$182,635	$69,035	+1.6%
Net Income	$123,330	$111,930	+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

N/A

Volunteers

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	Role	Reportable Comp	Other Comp	Total
Sugar Mullins	PRESIDENT	Officer Director	$0	$0	$0
Snooky Lee	Treasurer	Officer Director	$0	$0	$0
Claude Elam	N/A	Director	$0	$0	$0
Stan Stuart	N/A	Director	$0	$0	$0
Snooky Lee	N/A	Director	$0	$0	$0
Steve Anderson	N/A	Director	$0	$0	$0
Mary Fluker	N/A	Director	$0	$0	$0
David OBryan	N/A	Director	$0	$0	$0
Christie Huff	N/A	Director	$0	$0	$0
Betty Downs	N/A	Director	$0	$0	$0
Mel Hawthorne	N/A	Director	$0	$0	$0
Casey Carpenter	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	$305,965	$182,635	$304,295	$123,330
2023	$250,000	$69,035	$180,965	$180,965

Carroll County Development Asssoc