LIVINGSTON ECONOMIC DEVELOPMENT COUNCIL (EIN 720966247) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

MELODY LOCKWOOD

Phone

2256863982

Tax Period

2024-01-01 to 2024-12-31

LIVINGSTON ECONOMIC DEVELOPMENT COUNCIL, founded in 1982, is a small nonprofit that reported $698K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $293K, a strong 42% operating margin.

Mission

TO PROVIDE QUALITY ECONOMIC DEVELOPMENT SERVICES TO ALL AREAS OF LIVINGSTON PARISH

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $429,357

Program Service Revenue $0

Investment Income $269,084

Other Revenue $0

TOTAL REVENUE $698,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,806

Fundraising Expenses $0

Program Expenses $316,706

Other Expenses $134,178

TOTAL EXPENSES $404,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$698,441	$610,911	+0.1%
Expenses	$404,984	$388,816	+0.0%
Net Income	$293,457	$222,095	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$54,442

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELODY LOCKWOOD	EXECUTIVE DIRECTOR	40.00	Director	$43,668	$10,774	$54,442
RONNY CHAMPLIN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE COTTON	DIRECTOR	1.00	Director	$0	$0	$0
RANDY DELATTE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
DALE ERDEY	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE JOFFRION	DIRECTOR	1.00	Director	$0	$0	$0
GERARD LANDRY	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY MELY	DIRECTOR	1.00	Director	$0	$0	$0
BUDDY MINCEY	DIRECTOR	1.00	Director	$0	$0	$0
MILLS MURREY	DIRECTOR	1.00	Director	$0	$0	$0
LAYTON RICKS	DIRECTOR	1.00	Director	$0	$0	$0
JAIME SEAL	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN JT TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER VERRETT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOLMES	CHAIR	1.00	Officer	$0	$0	$0
BRIAN SKELTON	VICE CHAIR	1.00	Officer	$0	$0	$0
JAY LABARRE	SECRETARY	1.00	Officer	$0	$0	$0
TREY SANDERS	TREASURER	1.00	Officer	$0	$0	$0
SYBIL COTTEN	DIRECTOR	1.00	Officer	$0	$0	$0
GREGORY GILMORE	DIRECTOR	1.00	Officer	$0	$0	$0
JOSH PREJEAN	DIRECTOR	1.00	Officer	$0	$0	$0
KIM SANDERS	DIRECTOR	1.00	Officer	$0	$0	$0
REGINA SCOTT	DIRECTOR	1.00	Officer	$0	$0	$0
BUDDY WELLS	DIRECTOR	1.00	Officer	$0	$0	$0
DAVID BENNETT	FORMER EXECUTIVE DIRECTOR	40.00		$129,014	$11,634	$140,648

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	$698,441	$404,984	$3,076,440	$293,457
2023	$610,911	$388,816	$2,784,554	$222,095
2022	$847,196	$359,685	$2,558,132	$487,511
2021	$509,001	$328,468	$2,067,270	$180,533
2020	$484,484	$290,447	$1,886,506	$194,037
2019	$397,828	$392,204	$1,697,029	$5,624
2018	$433,445	$445,051	$1,692,206	$-11,606

LIVINGSTON ECONOMIC DEVELOPMENT COUNCIL