WAKULLA COUNTY ECONOMIC DEVELOPMENT COUNCIL INC (EIN 820768613) - 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

2017

Legal Domicile

Principal Officer

JOHN SHUFF

Phone

8509261848

Tax Period

2023-10-01 to 2024-09-30

WAKULLA COUNTY ECONOMIC DEVELOPMENT COUNCIL INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $118K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

FACILITATE SUSTAINABLE ECONOMIC DEVELOPMENT AND FURTHER ASSIST BUSINESS AND COMMERICAL INTEREST BY LEVERAGING WAKULLA COUNTY'S EXISTING AND POTENTIAL RESOURCES, WHICH SUPPORT BUSINESS CREATION, ATTRACTION, AND EXPANSION. TO PROTECT AND PROMOTE WAKULLA COUNTY'S UNIQUE NATURAL RESOURCES AND QUALITY OF LIFE. INCREASE THE NUMBER AND QUALITY OF DEVELOPABLE BUSINESS SITES IN WAKULLA COUNTY. PREPARE AND SUPPORT THE WORKFORCE TO MEET AND FILL CURRENT AND NEW JOB OPPORTUNITES. MARKET WAKULLA COUNTY GLOBALLY TO BUSINESSES AND VISITORS. SUPPORT CIVIC AND GOVERNMENTAL ORGANIZATIONS TO ENHANCE WAKULLA COUNTY'S ECONOMIC WELL-BEING. POSITION WAKULLA COUNTY EDC TO BE A LEADING VOICE FOR ECONOMIC 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 $118,319

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $118,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,490

Other Expenses $125,671

TOTAL EXPENSES $125,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118,325	$176,246	-0.3%
Expenses	$125,671	$180,496	-0.3%
Net Income	$-7,346	$-4,250	+0.7%

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
SHELLY BELL	DIRECTOR	1.00	Director	$0	$0	$0
WALT DIXON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EDWARDS	DIRECTOR	5.00	Director	$0	$0	$0
TIM JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
WORTH MCARTHER	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCSHANE	DIRECTOR	1.00	Director	$0	$0	$0
QUINCEE MESSERSMITH	DIRECTOR	1.00	Director	$0	$0	$0
NIRIJ PATEL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARY SWOPE	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT WINN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN CUSHMAN	SECRETARY	1.00	Officer	$0	$0	$0
AMY GEIGER	AT LARGE SEA	1.00	Officer	$0	$0	$0
JESSICA S REVELL	TREASURER	5.00	Officer	$0	$0	$0
JOHN SHUFF	PRESIDENT	5.00	Officer	$0	$0	$0
KEVIN VAUGHN	VICE PRESIDE	1.00	Officer	$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	No data	No data	No data	No data
2024	$118,325	$125,671	$76,979	$-7,346
2023	$176,246	$180,496	$84,495	$-4,250
2022	$161,561	$168,998	$88,575	$-7,437
2021	$66,549	$88,865	$96,016	$-22,316
2020	$96,906	$42,307	$118,332	$54,599
2019	$16,335	$15,254	$63,733	$1,081
2018	$9,676	$9,138	$62,652	$538

WAKULLA COUNTY ECONOMIC DEVELOPMENT COUNCIL INC