FOREST COUNTRY DEVELOPMENT CORPORA… - Form 990 Financial Data

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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

SYDNEY MURPHY

Phone

4093845704

Tax Period

2023-10-01 to 2024-09-30

FOREST COUNTRY DEVELOPMENT CORPORATION, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $74K in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. Net assets of $2.8M represent 449 months of operating reserves.

Mission

ENGAGE IN ACTIVITIES TO PROMOTE REGIONAL COLLABORATION TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF STATE PLANNING REGION 14 WHICH CONSISTS OF ANGELINA, HOUSTON, JASPER, NACOGDOCHES, NEWTON, POLK, SABINE, SAN AUGUSTINE, SAN JACINTO, SHELBY, TRINITY, AND TYLER COUNTIES IN THE STATE OF TEXAS

Program Service Accomplishments

Program 1

Expenses: $76,810

TO SUPPORT ECONOMIC DEVELOPMENT, INCREASE EMPLOYMENT OPPORTUNITIES, IMPROVE PUBLIC SAFETY, IMPROVE ACCESS TO QUALITY HOUSING FOR ALL, ENCOURAGE SELF- SUFFICIENCY FOR LOW INCOME FAMILIES, PROVIDE...

TO SUPPORT ECONOMIC DEVELOPMENT, INCREASE EMPLOYMENT OPPORTUNITIES, IMPROVE PUBLIC SAFETY, IMPROVE ACCESS TO QUALITY HOUSING FOR ALL, ENCOURAGE SELF- SUFFICIENCY FOR LOW INCOME FAMILIES, PROVIDE SUPPORT SERVICES THAT ENABLE OLDER CITIZENS TO LIVE INDEPENDENT AND PRODUCTIVE LIVES, PROVIDE SUPPORT SERVICES FOR AT-RISK YOUTH AND THEIR FAMILIES, SUPPORT VETERANS SERVICES, ENCOURAGE VOLUNTEERISM TO MEET REAL NEEDS IN THE LOCAL COMMUNITIES, PROTECT OUR ENVIRONMENT AND PROVIDE ASSISTANCE AND RECOVERY FROM NATURAL DISASTERS IN OUR AREA

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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 $0

Investment Income $49

Other Revenue $74,291

TOTAL REVENUE $74,340

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,810

Other Expenses $3,929

TOTAL EXPENSES $78,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,340	$29,532	+1.5%
Expenses	$78,929	$9,749	+7.1%
Net Income	$-4,589	$19,783	-1.2%

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
SYDNEY MURPHY	PRESIDENT	N/A	Officer Director	$0	$0	$0
ALLISON HARBISON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JIM LOVELL	SECRETARY	N/A	Officer Director	$0	$0	$0
MARK ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
JEFF BOYD	DIRECTOR	N/A	Director	$0	$0	$0
RONNIE COCHRAN	DIRECTOR	N/A	Director	$0	$0	$0
FRITZ FAULKNER	DIRECTOR	N/A	Director	$0	$0	$0
DANNY MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
DARYL MELTON	DIRECTOR	N/A	Director	$0	$0	$0
MILTON POWERS	DIRECTOR	N/A	Director	$0	$0	$0
GREG SOWELL	DIRECTOR	N/A	Director	$0	$0	$0
KEITH WRIGHT	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
2024	$74,340	$78,929	$2,800,548	$-4,589
2023	$29,532	$9,749	$2,847,593	$19,783
2022	$30,004	$8,298	$2,868,595	$21,706
2021	$174,009	$126,614	$2,886,064	$47,395
2020	$1,027,677	$65,606	$3,014,586	$962,071
2019	$1,672,057	$5,303	$2,403,453	$1,666,754

FOREST COUNTRY DEVELOPMENT CORPORATION