Civic Intelligence

Mcminn County Economic Development Authority

990 • Fiscal year 2019 • EIN 62-1240145

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 25, 2019

Organization ProfileMAKEITINMCMINN.ORG
9 E Madison Avenue Suite 201Athens, TN 37303

(423) 745-1506

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

56th percentile

0.21x

Higher debt load relative to revenue than 56% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

46th percentile

2.8%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

38th percentile

2.1%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

115%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$4,037,204

Up $81,392 (+2.1%) from 2018

Net Assets

Up

$3,929,371

Up $14,905 (+0.4%) from 2018

Liabilities

Up

$107,833

Up $66,487 (+161%) from 2018

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin46th percentile

Revenue

Up

$525,304

Up $281,386 (+115%) from 2018

Expenses

Up

$510,399

Up $286,510 (+128%) from 2018

Net Income

Down

$14,905

Down $5,124 (-26%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $3,950,871Liabilities 2011: $23,748Net Assets 2011: $3,927,1232011Assets 2012: $3,942,599Liabilities 2012: $15,978Net Assets 2012: $3,926,6212012Assets 2013: $3,941,336Liabilities 2013: $82,302Net Assets 2013: $3,859,0342013Assets 2014: $3,785,417Liabilities 2014: $53,625Net Assets 2014: $3,731,7922014Assets 2015: $3,822,534Liabilities 2015: $15,269Net Assets 2015: $3,807,2652015Assets 2016: $3,878,527Liabilities 2016: $26,525Net Assets 2016: $3,852,0022016Assets 2017: $3,944,123Liabilities 2017: $32,650Net Assets 2017: $3,911,4732017Assets 2018: $3,955,812Liabilities 2018: $41,346Net Assets 2018: $3,914,4662018Assets 2019: $4,037,204Liabilities 2019: $107,833Net Assets 2019: $3,929,3712019Assets 2020: $3,899,472Liabilities 2020: $45,637Net Assets 2020: $3,853,8352020Assets 2021: $3,937,468Liabilities 2021: $43,458Net Assets 2021: $3,894,0102021Assets 2022: $4,039,993Liabilities 2022: $101,374Net Assets 2022: $3,938,6192022

Highlighted filing

2019

Assets$4,037,204
Liabilities$107,833
Net Assets$3,929,371
Open 2019 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $223,7362011Expenses 2012: $217,1772012Revenue 2013: $432,114Expenses 2013: $499,701Net Income 2013: -$67,5872013Revenue 2014: $751,869Expenses 2014: $879,111Net Income 2014: -$127,2422014Revenue 2015: $265,665Expenses 2015: $198,717Net Income 2015: $66,9482015Revenue 2016: $256,444Expenses 2016: $211,707Net Income 2016: $44,7372016Revenue 2017: $315,813Expenses 2017: $256,342Net Income 2017: $59,4712017Revenue 2018: $243,918Expenses 2018: $223,889Net Income 2018: $20,0292018Revenue 2019: $525,304Expenses 2019: $510,399Net Income 2019: $14,9052019Revenue 2020: $385,593Expenses 2020: $461,129Net Income 2020: -$75,5362020Revenue 2021: $365,732Expenses 2021: $325,557Net Income 2021: $40,1752021Revenue 2022: $267,507Expenses 2022: $222,898Net Income 2022: $44,6092022

Highlighted filing

2019

Revenue$525,304
Expenses$510,399
Net Income$14,905
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 25, 2019
Return Version
2018v3.1
Gross Receipts
$525,304
Mission and Program Overview

Mission

The primary objective of the authority is the promotion of industrial development and expansion in mcminn county, tennessee

The primary objective of the authority is the promotion of industrial development and expansion in mcminn county, tennessee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$3,688,867$3,688,867→ $0
Savings and Temporary Cash Investments$206,607$276,485▲ $69,878
Land, Buildings, and Equipment, Net$19,548$17,571▼ $1,977
Accounts Receivable$2,181$17,426▲ $15,245
Prepaid Expenses and Deferred Charges$3,757$3,800▲ $43
Total Assets$3,955,812$4,037,204▲ $81,392
Other Assets Total$34,852$33,055▼ $1,797
Liabilities
Deferred Revenue-$64,818-
Other Liabilities$40,069$27,060▼ $13,009
Accounts Payable and Accrued Expenses$1,277$15,955▲ $14,678
Total Liabilities$41,346$107,833▲ $66,487
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,708,415$3,706,438▼ $1,977
Unrestricted Net Assets$206,051$222,933▲ $16,882
Total Net Assets Fund Balance$3,914,466$3,929,371▲ $14,905
Total Liabilities and Net Assets / Fund Balance$3,955,812$4,037,204▲ $81,392

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,571$31,125$48,696
Compensation and Service Providers
Top Officer Pay24th percentile

Board Members and Trustees

NameTitle
Will EstesPresident
Chuck GilreathBoard Member
Jerry SmithBoard Member
Rhonda OwensBoard Member
Sherry MckeeBoard Member
Steve KeylorBoard Member
Bob Lambert JrDirector
Chris AdamsDirector
Chuck BurrisDirector
David CrewsDirector
Eric NewberryDirector
Erin HolbrookDirector
Harold MasengilDirector
Jason HousleyDirector
Jason RobertsonDirector
John GentryDirector
Durant TullockEx-officio M
Patty WeaverEx-officio M
Rob PrestonEx-officio M
Stewart SmithEx-officio M
Kathy PriceExecutive Di
Brittany FreemanNon-voting M
Jeff SchumacherNon-voting M
John ForgetyNon-voting M
Lois PreeceNon-voting M
Mike BellNon-voting M
Seth SummerNon-voting M
Tina TuggleNon-voting M
David AlleyPast Preside
Scott CassTreasurer
Farah ReynoldsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$498,713
Program Service Revenue
$25,650
Investment Income
$941
Other Revenue
$0
Change in Net Assets
$14,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$525,304
Total Revenue per Audited Statements
$525,304
Total Revenue per Form 990
$525,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$343,340
Salaries, Compensation, and Employee Benefits$167,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$115,288$20,345-$135,633
All Other Expenses$32,260--$32,260
Payroll Taxes$16,289$2,875-$19,164
Pension Plan Contributions$9,962$1,758-$11,720
Other Expenses$7,625--$7,625
Advertising$2,784--$2,784
Depreciation Depletion$1,977--$1,977
Other Employee Benefits$461$81-$542
Total Functional Expenses$485,340$25,059$0$510,399

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$510,399
Total Expenses per Audited Statements$510,399
Total Expenses per Form 990$510,399
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$14,902
Postemployment Liability$10,519
Deferred Inflows of Resources$1,023
Accrued Liabilities$616
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the board of directors prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“The executive director compensation is approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Mcminn County Economic Development
EIN
62-1240145
Phone
4237451506
Address
9 E MADISON AVENUE SUITE 201, ATHENS, TN 37303

Signing Officer

Name
Kathy Price
Title
Executive Director
Phone
4237451506
Signed
2019-11-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Price Executive Director
Formed
1985
Legal Domicile
Tn
Voting Board Members
23
Independent Board Members
17
Employees
2

Preparer

Firm
Whitlock & Company Pc
Address
375 FOUNTAIN VIEW CIRCLE, ALCOA, TN 37701-1945
Preparer
Karen E Edwards
Phone
8659819638
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11EX-OFFICIO M
IRS990/Form990PartVIISectionAGrp/TitleTxt12EX-OFFICIO M
IRS990/Form990PartVIISectionAGrp/TitleTxt13EX-OFFICIO M
IRS990/Form990PartVIISectionAGrp/TitleTxt14EX-OFFICIO M
IRS990/Form990PartVIISectionAGrp/TitleTxt15NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt16NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt17NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt18NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt19NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt20NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt21NON-VOTING M
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt30BOARD MEMBER
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IRS990/FormationYr01985
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IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt0498713
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0525304
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt017
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/LandBldgEquipCostOrOtherBssAmt048696
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE PRIMARY OBJECTIVE OF THE AUTHORITY IS THE PROMOTION OF INDUSTRIAL DEVELOPMENT AND EXPANSION IN MCMINN COUNTY, TENNESSEE.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt081
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0461
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0542
IRS990/OtherExpensesGrp/Desc0SITE DEVELOPMENT EXPENSES
IRS990/OtherExpensesGrp/Desc1TRAVEL/BUSINESS DEVELOPME
IRS990/OtherExpensesGrp/Desc2WEBSITE DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL SERVICES
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IRS990/OtherExpensesGrp/ProgramServicesAmt114954
IRS990/OtherExpensesGrp/ProgramServicesAmt214527
IRS990/OtherExpensesGrp/ProgramServicesAmt37625
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IRS990/OtherExpensesGrp/TotalAmt114954
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IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02875
IRS990/PayrollTaxesGrp/ProgramServicesAmt016289
IRS990/PayrollTaxesGrp/TotalAmt019164
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01758
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09962
IRS990/PensionPlanContributionsGrp/TotalAmt011720
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03757
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03800
IRS990/PrincipalOfficerNm0KATHY PRICE EXECUTIVE DIRECTOR
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYInvestmentIncomeAmt0268
IRS990/PYOtherExpensesAmt061978
IRS990/PYRevenuesLessExpensesAmt020029
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IRS990/PYTotalExpensesAmt0223889
IRS990/PYTotalRevenueAmt0243918
IRS990/ReconcilationRevenueExpnssAmt014905
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0276485
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt017571
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031125
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048696
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014902
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110519
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21023
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3616
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1POSTEMPLOYMENT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt0525304
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017571
IRS990ScheduleD/TotalExpensesPerForm990Amt0510399
IRS990ScheduleD/TotalLiabilityAmt027060
IRS990ScheduleD/TotalRevenuePerForm990Amt0525304
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0525304
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0510399
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03708415
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03706438
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03955812
IRS990/TotalAssetsEOYAmt04037204
IRS990/TotalAssetsGrp/BOYAmt03955812
IRS990/TotalAssetsGrp/EOYAmt04037204

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,037,204
Liabilities
$107,833
Net assets
$3,929,371
Revenue
$525,304
Expenses
$510,399
Net income
$14,905
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$0.10$3.94$0.27$0.22$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.94$0.04$3.89$0.37$0.33$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.90$0.05$3.85$0.39$0.46$0.08
2019Detailed filing. Detailed filing data is available for this year.$4.04$0.11$3.93$0.53$0.51$0.01
2018Summary only. Only limited summary data is available for this year.$3.96$0.04$3.91$0.24$0.22$0.02
2017Summary only. Only limited summary data is available for this year.$3.94$0.03$3.91$0.32$0.26$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.88$0.03$3.85$0.26$0.21$0.04
2015Summary only. Only limited summary data is available for this year.$3.82$0.02$3.81$0.27$0.20$0.07
2014Summary only. Only limited summary data is available for this year.$3.79$0.05$3.73$0.75$0.88$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.08$3.86$0.43$0.50$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.02$3.93$0.22
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.95$0.02$3.93$0.22