DIXIE BUSINESS DEVELOPMENT CENTER INC

EIN: 721216797

DENHAM SPRINGS, LA

Total Revenue
$246,128
Total Expenses
$273,788
Total Assets
$978,020
Net Assets
$728,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
LA
Principal Officer
WILLIAM JOUBERT
Phone
2256650809
Tax Period
2024-01-01 to 2024-12-31

DIXIE BUSINESS DEVELOPMENT CENTER INC, founded in 1992, is a small nonprofit that reported $246K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $274K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ATTRACT AND ASSIST EMERGING BUSINESSES IN THE LOCAL SERVICE AREA BY PROVIDING OFFICE SPACE AND TECHNICAL SERVICES IN AN ENVIRONMENT IN WHICH BUSINESSES CAN DEVELOP, GROW, AND SUCCEED.

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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 $14,340
Program Service Revenue $229,850
Investment Income $0
Other Revenue $1,938
TOTAL REVENUE $246,128

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,767
Fundraising Expenses $0
Program Expenses $189,238
Other Expenses $176,021
TOTAL EXPENSES $273,788

Year-over-Year Comparison

2024 2023 Change
Revenue $246,128 $298,587 -0.2%
Expenses $273,788 $225,184 +0.2%
Net Income $-27,660 $73,403 -1.4%
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

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Governance

Voting Members
8
Independent Members
4
Employees
5
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
5
$125,016
Total Directors
7
$732,265
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL PIERCE DIRECTOR 1.00
Director
$0 $158,841 $652,675
LESLIE FALKS SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $40,995
RICHARD SITMAN PRESIDENT 2.00
Officer Director
$0 $0 $38,595
LELA MAE WILKES VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DENNIS AUCOIN DIRECTOR 0.25
Director
$0 $0 $0
RONALD FOSHEE DIRECTOR 0.50
Director
$0 $0 $0
SHANE LACOMBE DIRECTOR 0.25
Director
$0 $0 $0
JOHN WARE 010124 - 083124 EXECUTIVE DIRECTOR 32.00
Officer
$30,781 $914 $31,695
WILLIAM JOUBERT 090124 - 123124 EXECUTIVE DIRECTOR 40.00
Officer
$13,340 $391 $13,731
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 $246,128 $273,788 $978,020 $-27,660
2023 $298,587 $225,184 $955,827 $73,403
2022 $241,284 $259,598 $954,939 $-18,314
2021 $191,484 $250,962 $975,910 $-59,478
2020 $220,482 $235,799 $1,040,835 $-15,317
2019 $189,227 $233,467 $1,074,316 $-44,240
2018 $169,529 $242,584 $1,146,271 $-73,055
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