HENDERSON COUNTY PARTNERSHIP FOR ECONOMIC DEVELOPMENT

EIN: 205136021 Community Improvement

HENDERSONVILLE, NC

Total Revenue
$768,926
Total Expenses
$798,022
Total Assets
$534,550
Net Assets
$453,434
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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
BRITTANY BRADY
Phone
8286926373
Tax Period
2024-07-01 to 2025-06-30

HENDERSON COUNTY PARTNERSHIP FOR ECONOMIC DEVELOPMENT, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $769K in total revenue in fiscal year 2024.

Mission

SUPPORT ECONOMIC DEVELOPMENT IN HENDERSON COUNTY, NORTH CAROLINA.

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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 $584,000
Program Service Revenue $174,650
Investment Income $9,376
Other Revenue $900
TOTAL REVENUE $768,926

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,109
Fundraising Expenses $0
Other Expenses $375,913
TOTAL EXPENSES $798,022

Year-over-Year Comparison

2024 2023 Change
Revenue $768,926 $720,015 +0.1%
Expenses $798,022 $702,271 +0.1%
Net Income $-29,096 $17,744 -2.6%
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
20
Independent Members
20
Employees
4
Volunteers
20

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
$165,026
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRITTANY BRADY PRESIDENT & 25.00
Officer
$164,726 $300 $165,026
WILL BUIE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN BRYANT CHAIR ELECT 1.00
Officer Director
$0 $0 $0
MARK RUSSELL PAST CHAIR 1.00
Officer Director
$0 $0 $0
ANDERSON ELLIS TREASURER 1.00
Director
$0 $0 $0
BEAU WADDELL EIF LIAISON 1.00
Director
$0 $0 $0
ZACH COOPER BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN KENNEDY BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE GWALTNEY BOARD MEMBER 1.00
Director
$0 $0 $0
CHIP GOULD BOARD MEMBER 1.00
Director
$0 $0 $0
CARSTEN ERKEL BOARD MEMBER 1.00
Director
$0 $0 $0
CLEMENT RIDDLE BOARD MEMBER 1.00
Director
$0 $0 $0
EVERETT LYNCH BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE DOZIER BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG DEBREW BOARD MEMBER 1.00
Director
$0 $0 $0
KIM KILLIAN BOARD MEMBER 1.00
Director
$0 $0 $0
KRIS WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
VINCE HOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY LEONARD BOARD MEMBER 1.00
Director
$0 $0 $0
TONY WARREN BOARD MEMEBE 1.00
Director
$0 $0 $0
CORY VANNESS BOARD MEMBER 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
2025 $768,926 $798,022 $534,550 $-29,096
2024 No data No data No data No data
2023 $674,412 $673,665 $464,786 $747
2022 $545,677 $523,936 $464,039 $21,741
2021 $552,842 $542,913 $442,298 $9,929
2020 $530,098 $509,926 $432,369 $20,172
2019 $525,670 $465,929 $412,197 $59,741
2018 $547,464 $502,414 $352,475 $45,050
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