WAYNE COUNTY DEVELOPMENT ALLIANCE INC

EIN: 205132258 501(c)(3) Community Improvement

GOLDSBORO, NC

Total Revenue
$5,876,294
Total Expenses
$5,216,154
Total Assets
$11,991,261
Net Assets
$7,700,495
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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
NC
Principal Officer
MARK POPE
Phone
9197317700
Tax Period
2024-07-01 to 2025-06-30

WAYNE COUNTY DEVELOPMENT ALLIANCE INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $5.9M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $5.2M left a modest 11% surplus.

Mission

ENHANCE ECONOMIC DEVELOPMENT

Program Service Accomplishments

Program 1
Expenses: $5,033,287

THE ALLIANCE IS RESPONSIBLE TO FURTHER THE ECONOMIC DEVELOPMENT PROSPECTS OF WAYNE COUNTY, NORTH CAROLINA AND TO PROMOTE JOB CREATION OPPORTUNITIES, WAGE GROWTH, AND GROWTH IN THE TAX BASE IN WAYNE...

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THE ALLIANCE IS RESPONSIBLE TO FURTHER THE ECONOMIC DEVELOPMENT PROSPECTS OF WAYNE COUNTY, NORTH CAROLINA AND TO PROMOTE JOB CREATION OPPORTUNITIES, WAGE GROWTH, AND GROWTH IN THE TAX BASE IN WAYNE COUNTY. THE ALLIANCE WILL SEEK TO ENHANCE THE OVERALL RESIDENTIAL, BUSINESS, AND COMMERCIAL ENVIRONMENT, THUS IMPROVING THE QUALITY OF LIFE FOR ALL PEOPLE OF WAYNE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,806,070
Program Service Revenue $0
Investment Income $70,224
Other Revenue $0
TOTAL REVENUE $5,876,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,033,287
Other Expenses $5,216,154
TOTAL EXPENSES $5,216,154

Year-over-Year Comparison

2024 2023 Change
Revenue $5,876,294 $11,134,641 -0.5%
Expenses $5,216,154 $9,853,609 -0.5%
Net Income $660,140 $1,281,032 -0.5%
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
12
Independent Members
12
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB KORNEGAY CHAIRMAN N/A
Officer Director
$0 $0 $0
SCOTT NEWTON VICE CHAIRMA N/A
Officer Director
$0 $0 $0
CHIP CRUMPLER SECRETARY/TR N/A
Officer Director
$0 $0 $0
JOE DAUGHTERY DIRECTOR N/A
Director
$0 $0 $0
CHRIS BOYETTE DIRECTOR N/A
Director
$0 $0 $0
TAYLOR JEFFREYS DIRECTOR N/A
Director
$0 $0 $0
DR ED CROOM DIRECTOR N/A
Director
$0 $0 $0
CHRIS GURLEY DIRECTOR N/A
Director
$0 $0 $0
CRAIG WEST DIRECTOR N/A
Director
$0 $0 $0
CHRIS COX DIRECTOR N/A
Director
$0 $0 $0
BARBARA KORNEGAY DIRECTOR N/A
Director
$0 $0 $0
TERRY JORDAN DIRECTOR N/A
Director
$0 $0 $0
MARK POPE PRESIDENT N/A
Officer
$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 $5,876,294 $5,216,154 $11,991,261 $660,140
2024 $11,134,641 $9,853,609 $14,066,581 $1,281,032
2023 $10,960,205 $10,777,593 $15,107,099 $182,612
2022 $515,559 $354,920 $5,615,911 $160,639
2021 $507,963 $523,373 $5,416,131 $-15,410
2020 $1,570,097 $1,578,941 $5,531,482 $-8,844
2019 $1,868,789 $2,617,141 $5,490,327 $-748,352
2018 $821,373 $640,627 $6,188,678 $180,746
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