CENTRALINA ECONOMIC DEVELOPMENT COM

EIN: 203344901 501(c)(3) Community Improvement

CHARLOTTE, NC

Total Revenue
$228,144
Total Expenses
$227,207
Total Assets
$45,176
Net Assets
$45,176
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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
NC
Principal Officer
CLIFF BRUMFIELD
Phone
7043482704
Tax Period
2022-07-01 to 2023-06-30

CENTRALINA ECONOMIC DEVELOPMENT COM, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $228K in total revenue in fiscal year 2022. Revenue fell 61% from the prior year — a significant decline worth monitoring.

Mission

MAINTAIN REGIONS ECONOMIC DEVELOPMENT DISTRICT

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $120,766
Program Service Revenue $107,378
Investment Income $0
Other Revenue $0
TOTAL REVENUE $228,144

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $227,207
Other Expenses $227,207
TOTAL EXPENSES $227,207

Year-over-Year Comparison

2022 2021 Change
Revenue $228,144 $577,620 -0.6%
Expenses $227,207 $574,216 -0.6%
Net Income $937 $3,404 -0.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLIFF BRUMFIELD CHAIRMAN 2.00
Director
$0 $0 $0
LESLIE JOHNSON SECRETARY/TR 2.00
Director
$0 $0 $0
CANDICE LOWDER VICE CHAIR 2.00
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
2023 $228,144 $227,207 $45,176 $937
2022 $577,620 $574,216 $71,540 $3,404
2021 $318,967 $311,653 $175,906 $7,314
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