Scotland County Economic Development Corporation (EIN 262016762) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Phone

9102664326

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

Promoted growth of local economy by recruiting new business, increasing jobs and infrastructure investment.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,547,457

Program Service Revenue $0

Investment Income $86,052

Other Revenue $239,848

TOTAL REVENUE $2,873,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $266,138

Other Expenses $400,470

TOTAL EXPENSES $400,470

Year-over-Year Comparison

	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%

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

Governance

Voting Members

Independent Members

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

$35,979

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

Scotland County Economic Development Corporation