TWIN CITY DEVELOPMENT FOUNDATION

EIN: 208548088 Community Improvement

WINSTONSALEM, NC

Total Revenue
$958,484
Total Expenses
$753,810
Total Assets
$16,423,153
Net Assets
$16,387,153
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NC
Principal Officer
ROBERT EGLESTON
Phone
3367773595
Tax Period
2024-01-01 to 2024-12-31

TWIN CITY DEVELOPMENT FOUNDATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $958K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $205K, a strong 21% operating margin.

Mission

TO FUND, THROUGH GRANTS, PUBLIC EDUCATION AND ECONOMIC DEVELOPMENT IN FORSYTH COUNTY AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

FUNDING, THROUGH GRANTS, EDUCATIONAL AND ECONOMIC DEVELOPMENT IN FORSYTH COUNTY AND SURROUNDING AREAS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $956,609
Other Revenue $1,875
TOTAL REVENUE $958,484

Expense Breakdown

Grants Paid $620,300
Salaries & Benefits $36,000
Fundraising Expenses $0
Other Expenses $97,510
TOTAL EXPENSES $753,810

Year-over-Year Comparison

2024 2023 Change
Revenue $958,484 $1,097,592 -0.1%
Expenses $753,810 $713,314 +0.1%
Net Income $204,674 $384,278 -0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
16
Employees
N/A
Volunteers
18

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
5
$36,000
Total Directors
17
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT EGLESTON EXECUTIVE DI 12.00
Officer Director
$36,000 $0 $36,000
GREG BREWER DIRECTOR 0.20
Director
$0 $0 $0
VIVIAN PEREZ CHANDLER DIRECTOR 0.20
Director
$0 $0 $0
CAROL DAVIS DIRECTOR 0.20
Director
$0 $0 $0
DAMON SANDERS-PRATT DIRECTOR 0.20
Director
$0 $0 $0
BETSY BROWN DIRECTOR 0.20
Director
$0 $0 $0
SANDRA FISHEL-BOOTH DIRECTOR 0.20
Director
$0 $0 $0
PENN BROYHILL DIRECTOR 0.20
Director
$0 $0 $0
MELVIN SCALES DIRECTOR 0.20
Director
$0 $0 $0
DIXON PITT DIRECTOR 0.20
Director
$0 $0 $0
ADAM SEBASTIAN DIRECTOR 0.20
Director
$0 $0 $0
JAMARKUS SWINSON DIRECTOR 0.20
Director
$0 $0 $0
JULIA TOWNSEND DIRECTOR 0.20
Director
$0 $0 $0
MAMIE SUTPHIN CHAIR 0.20
Officer Director
$0 $0 $0
ROBERT CLARK VICE CHAIR/T 0.20
Officer Director
$0 $0 $0
RALPH WOMBLE PAST CHAIR 0.20
Officer Director
$0 $0 $0
ANDY DREYFUSS 2ND PAST CHA 0.20
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 $958,484 $753,810 $16,423,153 $204,674
2023 $1,097,592 $713,314 $14,990,048 $384,278
2022 $-115,486 $444,505 $13,639,500 $-559,991
2021 $628,620 $659,219 $16,743,150 $-30,599
2020 $2,506,722 $242,582 $14,960,601 $2,264,140
2018 $257,478 $643,644 $9,213,607 $-386,166
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare TWIN CITY DEVELOPMENT FOUNDATION with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.