Southeast Alabama Council for Economic Development Inc
Nonprofit profile at a glance
- EIN
- 311551755
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2018
- Location
- Dothan, AL, USA
- Phone
- 3347855172
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Rural Economic Development
Reported finances
- Revenue
- $194,833
- Expenses
- $143,953
- Assets
- $363,857
- Liabilities
- $1,914
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- HOLLE SMITH (PRESIDENT)
- COLTON CURETON (VICE PRESIDENT)
People named in this filing
- HOLLE SMITH (PRESIDENT)
- COLTON CURETON (VICE PRESIDENT)
- BRAD KIMBRO (TREASURER)
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
Promote and market southeast Alabama as a region for economic development and strengthen the education/training resources, serve as an advocate, and
What it reported doing in 2024
Sponsorship of Southeast Alabama Economic Development Policy Summit: Approximately 300 attendees and several thousand persons / entities indirectly benefited.
Operating model
- Revenue model
- Donor-supported. 81% 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 14
- Transparency & Controls: 100
- Sustainability: 76
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 15.4%; rating input score 15
- Program expense ratio: 11.3%; rating input score 11
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: 26.1%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 2.53; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 15.4% of revenue deployed · 11.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $16K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Financial Efficiency: Program expense ratio scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.