CARTERET COUNTY ECONOMIC DEVELOPME… - 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

2005

Legal Domicile

Principal Officer

BRUCE SHELDON

Phone

2526487880

Tax Period

2023-07-01 to 2024-06-30

CARTERET COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 2005, is a micro nonprofit in the Community Improvement sector that reported $39K in total revenue in fiscal year 2023. The organization ran a surplus of $20K, a strong 51% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE SUPPORT FOR CARTERET COUNTY'S ECONOMIC AND COMMUNITY DEVELOPMENT THROUGH EDUCATIONAL AND CHARITABLE EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $19,487

TO PROVIDE CARTERET COUNTY WITH SUPPORT FOR ITS ECONOMIC AND COMMUNITY DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,510

Program Service Revenue $23,082

Investment Income $1,857

Other Revenue $0

TOTAL REVENUE $39,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,487

Other Expenses $2,161

TOTAL EXPENSES $19,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,449	$38,607	+0.0%
Expenses	$19,487	$20,661	-0.1%
Net Income	$19,962	$17,946	+0.1%

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
BROOKE CASH	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE NOLIN	TREASURER	1.00	Officer Director	$0	$0	$0
BRUCE SHELDON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MATT SHORTWAY	VICE CHAIRMA	1.00	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	No data	No data	No data	No data
2024	$39,449	$19,487	$154,494	$19,962
2023	$38,607	$20,661	$134,603	$17,946
2022	$19,326	$32,055	$120,307	$-12,729
2021	$65,551	$67,189	$129,315	$-1,638
2020	$126,159	$195,218	$130,953	$-69,059
2019	$7,615	$15,805	$200,012	$-8,190

CARTERET COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC