Mcnairy Economic Development Foundation
Nonprofit profile at a glance
- EIN
- 921163548
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Selmer, TN, USA
- Phone
- 7314391335
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
Reported finances
- Revenue
- $71,005
- Expenses
- $61,598
- Assets
- $9,407
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Zach Congiardo (President)
- Maggie Moore Inman (Vice President)
People named in this filing
- Zach Congiardo (President)
- Maggie Moore Inman (Vice President)
- Braden Rickman (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The McNairy Economic Development Foundation exists to promote economic growth, job creation, and community revitalization in McNairy County, Tennessee. Its primary focus is supporting the redevelopment of downtown Selmer through infrastructure improvements, strategic partnerships, and small business support, including its work toward Main Street designation. The foundation also assists with planning, grant writing, and coordinating public-private efforts to enhance quality of life and long-term investment in the region.
What it reported doing in 2024
In 2024, the Foundation focused on downtown Selmer revitalization by initiating a partnership with planning firm Farmer Morgan. We secured funding, executed a contract, and began payments for a comprehensive redevelopment plan. While the Main Street designation application was not finalized, groundwork was laid through community engagement and strategic planning efforts.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 100
- Sustainability: 50
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.4%; rating input score 86
- Program expense ratio: 99.6%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 13.2%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.15; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 86.4% of revenue deployed · 99.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $61K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.