ALEXANDER COUNTY ECONOMIC DEVELOPM… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

RYAN MAYBERRY

Phone

8286321161

Tax Period

2024-07-01 to 2025-06-30

ALEXANDER COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2006, is a micro nonprofit that reported $53K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 102% operating deficit.

Mission

TO PROVIDE EDUCATIONAL AND CHARITABLE EFFORTS SPECFLCALLY IN ALEXANDER COUNTY, NC

Program Service Accomplishments

Program 1

Expenses: $89,051 Revenue: $3,250

PROVIDED INDUSTRIAL GRANTS TO LOCAL BUSINESSES TO HELP CREATE NEW JOBS FOR ALEXANDER COUNTY

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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 $50,000

Program Service Revenue $0

Investment Income $138

Other Revenue $3,250

TOTAL REVENUE $53,388

Expense Breakdown

Grants Paid $47,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,051

Other Expenses $60,210

TOTAL EXPENSES $107,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,388	$158,367	-0.7%
Expenses	$107,710	$2,403,893	-1.0%
Net Income	$-54,322	$-2,245,526	-1.0%

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
ROD WATTS	CHAIRMAN/TREASURER	2.00	Officer Director	$0	$0	$0
TIM LITTLE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDREW JACKSON	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
RYAN MAYBERRY	CHAIRMAN/TREASURER	2.00	Officer Director	$0	$0	$0
CARRIE LACKEY	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
MARISSA COOPER-WINSTEAD	BOARD MEMBER	2.00	Officer 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
2025	$53,388	$107,710	No data	$-54,322
2024	$158,367	$2,403,893	$66,687	$-2,245,526
2023	$1,348,490	$201,756	$2,444,020	$1,146,734
2022	$259,623	$273,136	$1,110,271	$-13,513
2021	$144,114	$233,706	$1,111,548	$-89,592
2020	$177,289	$238,753	$1,230,405	$-61,464
2019	$247,216	$87,254	$1,314,986	$159,962

ALEXANDER COUNTY ECONOMIC DEVELOPMENT CORPORATION