Tri-County Development Corp
- Assets
- $6.4m
- Revenue
- $97.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Savannah, TN
- Founding
- Data as of
- 12/2023
- EIN
- 85-3760141
Organization Overview
Tri-County Development Corp is located in Savannah, TN. According to its NTEE Classification (H19) the organization is classified as: Support N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Tri-County Development Corp generated $97.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.7%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION CARRIES OUT ITS EXEMPT PURPOSE BY SERVING AS A SUPPORT ORGANIZATION TO HARDIN COUNTY REGIONAL HEALTH CENTER, INC, A 501(C)(3) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT AND CLINIC SPACE FOR HARDIN COUNTY REGIONAL HEALTH CENTER, INC. TO CARRY OUT ITS TAX-EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yainieh Mcginley President/ceo | OfficerTrustee | 1 | $0 |
Lisa Shackelford Thomas Board Member | Trustee | 1 | $0 |
Catherine Brown Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $97,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,129 |
| Advertising and promotion | $0 |
| Office expenses | $80,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,670 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $327,952 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $493,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,826,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,401,282 |
| Accounts payable and accrued expenses | $217,524 |
| Grants payable | $0 |
| Deferred revenue | $26,025 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,861,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,105,247 |
| Net assets without donor restrictions | -$703,965 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,401,282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wm L Wetzel Memorial Osteopathic Educational & Research Foundation Jefferson City, MO | $2,887,138 | $1,012,046 |
Tri-County Development Corp Savannah, TN | $6,401,282 | $97,500 |
Jefferson Regional Medical Center Foundation Pine Bluff, AR | $1,424,072 | $1,192,591 |
Saha Foundation For Cardiovascular Research And Education Inc Lexington, KY | $2,372,032 | $615,081 |
Missouri Coalition For Lifesaving Cures Inc Saint Louis, MO | $2,145,583 | $400,000 |
Purple Pansies Inc Cumming, GA | $964,337 | $952,876 |
American Pediatric Surgical Nurses Association Jefferson City, MO | $491,215 | $148,523 |
Hands And Voices Of Kentucky Inc Louisville, KY | $30,305 | $0 |
Biomed Valley Corporation Kansas City, MO | $12,382,590 | -$114,302 |
The Thomas B Dameron Jr Orthopaedic Education Foundation Inc Raleigh, NC | $297,917 | $22,185 |