Jacksonville Development Corporation (EIN 752683291) - 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

1995

Legal Domicile

Principal Officer

Darrell Dement

Phone

9035862217

Tax Period

2023-10-01 to 2024-09-30

Jacksonville Development Corporation, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. The organization ran a surplus of $765K, a strong 36% operating margin.

Mission

Promote, assist, & enhance econ 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,741,305

Investment Income $288,374

Other Revenue $71,356

TOTAL REVENUE $2,101,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,925

Fundraising Expenses $0

Program Expenses $1,335,631

Other Expenses $1,042,706

TOTAL EXPENSES $1,335,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,101,035	$2,004,895	+0.0%
Expenses	$1,335,631	$985,035	+0.4%
Net Income	$765,404	$1,019,860	-0.2%

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
Darrell Dement	Chairman	2.00	Officer Director	$0	$0	$0
Robert Cudd	Treasurer	2.00	Officer Director	$0	$0	$0
Chad Devillier	Director	2.00	Director	$0	$0	$0
Dillon Rodriguez	Director	2.00	Director	$0	$0	$0
Loretta Doty	Secretary	2.00	Officer Director	$0	$0	$0
Nathan Jones	Vice Chairman	2.00	Officer Director	$0	$0	$0
Ofelia Penn	Director	2.00	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	$2,101,035	$1,335,631	$10,573,128	$765,404
2023	$2,004,895	$985,035	$9,836,485	$1,019,860
2022	$2,071,830	$1,652,865	$8,863,173	$418,965
2021	$1,503,893	$980,728	$7,378,064	$523,165
2020	$1,387,054	$975,531	$6,810,998	$411,523
2019	$1,358,554	$1,095,281	$6,238,241	$263,273
2018	$1,226,836	$899,177	$5,974,660	$327,659

Jacksonville Development Corporation