BURLINGTON, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $376K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $1.5M represent 47 months of operating reserves.
THE MISSION OF THE FOUNDATION IS TO ENHANCE THE WELFARE OF BUSINESS AND TO PROMOTE AND STIMULATE ECONOMIC VITALITY IN THE ALAMANCE COUNTY AREA FOR THE BENEFIT OF ITS MEMBERS AND THE COMMUNITY.
THE FOUNDATION'S ACTIVITIES SEEK TO INCREASE JOBS AND NEW INVESTMENT IN THE ALAMANCE COUNTY AREA AND TO ASSIST IN AND FACILITATE THE GROWTH OF JOBS AND INVESTMENT IN EXISTING INDUSTRY IN THE AREA...
THE FOUNDATION'S ACTIVITIES SEEK TO INCREASE JOBS AND NEW INVESTMENT IN THE ALAMANCE COUNTY AREA AND TO ASSIST IN AND FACILITATE THE GROWTH OF JOBS AND INVESTMENT IN EXISTING INDUSTRY IN THE AREA THROUGH MARKETING, RESEARCH, AND PUBLIC/MEDIA RELATIONS. IN 2024, THE FOUNDATION AWARDED 7 GROWTH GRANTS AND 3 LAUNCH GRANTS, TOTALING $80,0000.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $375,751 | $400,737 | -0.1% |
| Expenses | $370,701 | $398,302 | -0.1% |
| Net Income | $5,050 | $2,435 | +1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| REAGAN GURAL | PRESIDENT | 5.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA RHODES | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUG HYMAN | PAST CHAIR | 5.00 |
Director
|
$0 | $0 | $0 |
| ED HOOKS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GRIFFIN MCCLURE | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREG LUNSFORD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TED CHANDLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM MCGOWEN | DIRECTOR - NON-VOTING | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK NOLTEMEYER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTA MOOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN MOFFITT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $375,751 | $370,701 | $1,482,470 | $5,050 |
| 2023 | $400,737 | $398,302 | $1,454,659 | $2,435 |
| 2022 | $569,833 | $472,739 | $1,452,224 | $97,094 |
| 2021 | $415,570 | $354,129 | $1,355,130 | $61,441 |
| 2020 | $391,475 | $288,424 | $1,293,689 | $103,051 |
| 2019 | $387,948 | $283,302 | $1,190,638 | $104,646 |
| 2018 | $428,719 | $247,454 | $1,085,992 | $181,265 |
Compare ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION with other nonprofits in North Carolina and across the country.