EASTLAND INDUSTRIAL FOUNDATION INC

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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

1964

Legal Domicile

Phone

2546292201

Tax Period

2024-07-01 to 2025-06-30

EASTLAND INDUSTRIAL FOUNDATION INC, founded in 1964, is a small nonprofit that reported $126K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $117K, a strong 93% operating margin.

Mission

TO PROMOTE INDUSTRY WITHIN THE FOUNDATIONS GEOGRAPHIC AREA

Program Service Accomplishments

Program 1

Expenses: $8,672 Revenue: $125,538

THE FOUNDATION CONTINUES ITS ONGOING COOPERATION WITH THE EASTLAND CHAMBER OF COMMERCE, EASTLAND ECONOMIC DEVELOPMENT, INC., AND EASTLAND ASSISTED LIVING, INC. IN EFFORTS TO ATTRACT INDUSTRIES TO THE...

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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 $12,584

Other Revenue $112,954

TOTAL REVENUE $125,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,672

Other Expenses $8,672

TOTAL EXPENSES $8,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,538	$106,027	+0.2%
Expenses	$8,672	$31,590	-0.7%
Net Income	$116,866	$74,437	+0.6%

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
MIKE PERRY	PRESIDENT	4.00	Officer Director	$0	$0	$0
CARY MEEKS	SECTREAS	2.00	Officer Director	$0	$0	$0
EMMETT LASATER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TOMMY WARFORD	LEGAL COUNSEL	3.00	Officer 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	$125,538	$8,672	$1,018,951	$116,866
2024	$106,027	$31,590	$902,085	$74,437
2023	$71,939	$38,546	$827,648	$33,393
2022	$77,981	$21,479	$794,255	$56,502
2021	$67,825	$44,230	$677,753	$23,595
2020	$87,476	$341,361	$654,158	$-253,885
2019	$91,873	$61,804	$908,041	$30,069