Laurinburg, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Scotland County Economic Development Corporation, founded in 2008, is a community nonprofit in the Employment sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 215% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 86% operating margin.
To promote the growth of the local economy of Scotland County and City of Laurinburg through job creation, the investment in business property and infrastructure to facilitate economic growth and job creation.
Promoted the growth of the economy of Scotland County and City of Laurinburg through job creation, the investment in business property and development and investment in infrastructure to facilitate...
Promoted the growth of the economy of Scotland County and City of Laurinburg through job creation, the investment in business property and development and investment in infrastructure to facilitate economic growth and improve the general welfare of all citizens of Scotland County and the City of Laurinburg.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,873,357 | $911,492 | +2.2% |
| Expenses | $400,470 | $276,119 | +0.5% |
| Net Income | $2,472,887 | $635,373 | +2.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Jeffrey McKay | President | 50.00 |
Officer
|
$0 | $0 | $35,979 |
| Seth Hatchell | Ex-Officio | 1.00 |
Director
|
$0 | $0 | $0 |
| Tim Ivey | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Chris English | Ex-Officio | 1.00 |
Director
|
$0 | $0 | $0 |
| Jim Willis | Chairman | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Lee Howell | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Thomas Ammons | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Duke Williams | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Andrew Williamson | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ed O'Neal | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Charles Nichols | Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| April Snead | Vice Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,873,357 | $400,470 | $11,246,975 | $2,472,887 |
| 2024 | $911,492 | $276,119 | $7,995,316 | $635,373 |
| 2023 | $2,904,180 | $359,022 | $8,011,390 | $2,545,158 |
| 2022 | $568,214 | $267,954 | $5,488,276 | $300,260 |
| 2021 | $413,362 | $305,362 | $4,999,760 | $108,000 |
| 2020 | $625,552 | $280,989 | $5,152,270 | $344,563 |
| 2019 | $995,099 | $218,074 | $5,146,114 | $777,025 |
Compare Scotland County Economic Development Corporation with other nonprofits in North Carolina and across the country.