JACKSON COUNTY ECONOMIC DEVELOPMENT

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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

2018

Legal Domicile

Principal Officer

DARWIN GILMORE

Phone

8504824353

Tax Period

2024-10-01 to 2025-09-30

JACKSON COUNTY ECONOMIC DEVELOPMENT, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $232K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $61K, a strong 26% operating margin.

Mission

TO BRING TOGETHER PUBLIC AND PRIVATE SECTORS TO ESTABLISH JACKSON COUNTY AS CONDUCTIVE TO BUSINESS, ENCOURAGE ECONOMIC GROWTH, ENHANCE QUALITY OF LIFE, AND ENCOURAGE EXPANSION OF EXISTING BUSINESS AND NEW BUSINESS.

Program Service Accomplishments

Program 1

Expenses: $160,303 Revenue: $231,637

IDENTIFIED AND COMMUNICATED WITH SITE SELECTORS; ASSISTED NEW AND EXPANDING BUSINESSES WITH VARIOUS INCENTIVES AVAILABLE TO THEM; PROVIDED AWARENESS OF LOAN AND GRANT PROGRAMS; COORDINATED JOB...

IDENTIFIED AND COMMUNICATED WITH SITE SELECTORS; ASSISTED NEW AND EXPANDING BUSINESSES WITH VARIOUS INCENTIVES AVAILABLE TO THEM; PROVIDED AWARENESS OF LOAN AND GRANT PROGRAMS; COORDINATED JOB TRAINING SERVICES; EXPANDED LOCAL TECHNICAL WORKFORCE; PROVIDED MARKETING ASSISTANCE TO POTENTIAL INVESTORS; MAINTAINED ON-LINE WEB PORTAL SHOWCASING AVAILABLE COMMERCIAL SITES IN THE AREA; PROVIDED DEMOGRAPHIC AND MARKET RESEARCH DATA TO VARIOUS INTERESTED PARTIES.

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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 $231,637

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $231,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,883

Fundraising Expenses $0

Program Expenses $160,303

Other Expenses $54,453

TOTAL EXPENSES $170,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,637	$281,692	-0.2%
Expenses	$170,336	$117,424	+0.5%
Net Income	$61,301	$164,268	-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

$115,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARWIN GILMORE	SECRETARY	N/A	Officer	$0	$0	$115,900
KIMBERLY APPLEWHITE	TREASURER	N/A	Officer	$0	$0	$0
FRANK BONDURANT	PAST CHAIR	N/A	Officer	$0	$0	$0
GEORGE GAY	VC	N/A	Officer	$0	$0	$0
ALLEN HARKINS	CHAIRMAN	N/A	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	$231,637	$170,336	$414,423	$61,301
2024	$281,692	$117,645	$333,385	$164,047
2023	$279,217	$259,380	$162,616	$19,837
2022	$306,634	$236,804	$141,684	$69,830