ADA INDUSTRIAL DEVELOPMENT CORP (EIN 731060614) - 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

1951

Legal Domicile

Principal Officer

JAMES R HAMBY

Tax Period

2024-04-01 to 2025-03-31

ADA INDUSTRIAL DEVELOPMENT CORP, founded in 1951, is a micro nonprofit that reported $26K in total revenue in fiscal year 2024. Revenue surged 1756% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 89% operating margin.

Mission

TO ACQUIRE, HOLD AND DEVELOP LAND AND OTHER ASSETS TO BE USED TO ATTRACT INTERESTED BUSINESSES TO THIS AREA TO FURTHER ECOMOMIC DEVELOPMENT.

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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 $0

Program Service Revenue $0

Investment Income $18,510

Other Revenue $7,716

TOTAL REVENUE $26,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,965

TOTAL EXPENSES $2,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,226	$1,413	+17.6%
Expenses	$2,965	$3,020	0.0%
Net Income	$23,261	$-1,607	-15.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES R HAMBY	PRESIDENT	N/A	Officer Director	$0	$0	$0
BILL HORNE JR	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
STEVE BAGWELL	TREASURER	N/A	Officer Director	$0	$0	$0
JOHN LOWRY	ASSISTANT TR	N/A	Officer Director	$0	$0	$0
CAROL ERVIN	SECRETARY	N/A	Officer Director	$0	$0	$0
TOM CRISWELL	DIRECTOR	N/A	Director	$0	$0	$0
BART MCCORTNEY	DIRECTOR	N/A	Director	$0	$0	$0
LUCAS CLARK	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY EPLER	DIRECTOR	N/A	Director	$0	$0	$0
WENDELL GODWIN	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
2025	$26,226	$2,965	$2,382,777	$23,261
2024	$1,413	$3,020	$2,361,335	$-1,607
2023	$-197	$11,826	$2,361,123	$-12,023
2022	$2,631	$9,811	$2,373,146	$-7,180
2021	$-2,211	$7,618	$2,380,325	$-9,829
2020	$72,111	$18,619	$2,390,154	$53,492
2019	$7,661	$2,662	$2,336,322	$4,999

ADA INDUSTRIAL DEVELOPMENT CORP