DEMCO FOUNDATION INC (EIN 721417423) - 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

1997

Legal Domicile

Principal Officer

DENNIS LOTT

Phone

2252622141

Tax Period

2023-01-01 to 2023-12-31

DEMCO FOUNDATION INC, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $304K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $380K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO BENEFIT NEEDY INDIVIDUALS IN THE SEVEN PARISHES SERVED BY DIXIE ELECTRIC MEMBERSHIP CORPORATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $300,204

Program Service Revenue $0

Investment Income $3,745

Other Revenue $0

TOTAL REVENUE $303,949

Expense Breakdown

Grants Paid $265,869

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $357,742

Other Expenses $114,087

TOTAL EXPENSES $379,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,949	$371,919	-0.2%
Expenses	$379,956	$318,047	+0.2%
Net Income	$-76,007	$53,872	-2.4%

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

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

$57,966

Total Directors

$57,966

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS LOTT	PRESIDENT	2.00	Officer Director	$0	$0	$17,988
NICOLETTE GORDON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
LESLIE FALKS	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$39,978
LORENZA LIVELY	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
CATHERINE BORDELON	DIRECTOR	0.50	Director	$0	$0	$0
BLAINE GRIMES	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA ELSEY	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA STEVENSON	DIRECTOR	2.00	Director	$0	$0	$0
DR GINA EUBANKS	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$303,949	$379,956	$214,361	$-76,007
2022	$371,919	$318,047	$290,368	$53,872
2021	$322,923	$359,652	$236,496	$-36,729
2020	$420,554	$667,548	$273,225	$-246,994
2019	$343,709	$268,810	$520,219	$74,899
2018	$536,510	$401,514	$445,320	$134,996

DEMCO FOUNDATION INC