CENTRALINA ECONOMIC DEVELOPMENT COM

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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

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

SUPPORT ECONOMIC DEVELOPMENT OF THE GREATER CHARLOTTE REGION BY PARTNERING WITH LOCAL GOVERNMENTS, ECONOMIC DEVELOPMENT ENTITIES AND BUSINESSES TO LEAD PLANNING, STAKEHOLDER ENGAGEMENT AND REGIONAL ACTION. THE GOAL IS TO IMPROVE ECONOMIC MOBILITY, INCLUSIVITY AND RESILIENCE OF OUR 9-COUNTY REGION THROUGH COLLABORATION, INNOVATION AND PROSPERITY FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $116,987

CENTRALINA MAINTAINS THE REGION'S EDA PARTNERSHIP PLANNING GRANT, WHICH REQUIRED AN UPDATE OF THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY, A LOCALLY-BASED AND REGIONALLY-DRIVEN PLANNING PROJECT THAT ADDRESSES IMPROVING THE OVERALL RESILIENCE AND INCLUSIVITY OF OUR REGION'S PEOPLE, PLACES AND ECONOMY. THE REPORT INCLUDES THREE GOALS, 15 RECOMMENDATIONS AND 58 ACTION ITEMS ADDRESSING WORKFORCE DEVELOPMENT, EDUCATION, TRANSPORTATION, REGIONAL RESILIENCY, GLOBAL COMPETITIVENESS AND MANY OTHER ECONOMIC DEVELOPMENT INITIATIVES.

Program 2

Expenses: $50,574

ASSIST MUNICIPALITIES AND COUNTY GOVERNMENTS IN UPDATING THEIR DISASTER RECOVERY AND RESILIENCY PLANS AS SUPPORTED BY THE EDA DISASTER RELIEF COORDINATOR GRANT FUNDS. PRE-DISASTER RECOVERY PLANS...

ASSIST MUNICIPALITIES AND COUNTY GOVERNMENTS IN UPDATING THEIR DISASTER RECOVERY AND RESILIENCY PLANS AS SUPPORTED BY THE EDA DISASTER RELIEF COORDINATOR GRANT FUNDS. PRE-DISASTER RECOVERY PLANS ENGAGE MEMBERS OF THE WHOLE COMMUNITY TO DEVELOP RECOVERY CAPABILITIES ACROSS GOVERNMENTAL AND RESOURCE PARTNERS TO ORGANIZE A FRAMEWORK FOR COMPREHENSIVE LOCAL RECOVERY EFFORTS TO MINIMIZE DEVASTATION AND PROMOTE SUSTAINABILITY, RESILIENCE AND MITIGATION FOR SUCCESSFUL RECOVERY OUTCOMES.

Program 3

Expenses: $59,646

CENTRALINA ECONOMIC DEVELOPMENT BOARD PROVIDES ECONOMIC DEVELOPMENT THROUGH REGIONAL RESOURCES AND EDUCATION FOR CENTRALINA'S COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE NINE COUNTY REGION.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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