ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION (EIN 202384314) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

REAGAN C GURAL

Phone

3362281338

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $334,039

Program Service Revenue $0

Investment Income $41,712

Other Revenue $0

TOTAL REVENUE $375,751

Expense Breakdown

Grants Paid $98,718

Salaries & Benefits $168,665

Fundraising Expenses $0

Program Expenses $341,064

Other Expenses $103,318

TOTAL EXPENSES $370,701

Year-over-Year Comparison

	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%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

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

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

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

ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION