The Foundation for Duplin County Industrial and Business Development (EIN 320286258) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

Scotty Summerlin

Phone

9102962180

Tax Period

2024-07-01 to 2025-06-30

The Foundation for Duplin County Industrial and Business Development, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $163K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $29K, a strong 18% operating margin.

Mission

To engage in charitable efforts for the industrial and business development of Duplin County.

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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 (2024)

Revenue Breakdown

Contributions & Grants $163,332

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $163,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,336

Other Expenses $134,336

TOTAL EXPENSES $134,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,332	$299,681	-0.5%
Expenses	$134,336	$300,766	-0.6%
Net Income	$28,996	$-1,085	-27.7%

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
Charlie Farrior	Chairman	1.00	Officer	$0	$0	$0
Kevin Smith	Board Member	1.00	Director	$0	$0	$0
Roger Davis	Board Member	1.00	Director	$0	$0	$0
Kenneth Smith	Board Member	1.00	Director	$0	$0	$0
Carrie Shields	Board Member	1.00	Director	$0	$0	$0
Dean Lee	Board Member	1.00	Director	$0	$0	$0
Al Searles	Board Member	1.00	Director	$0	$0	$0
Glenn Cavenaugh	Board Member	1.00	Director	$0	$0	$0
Dr Jay Carraway	Board Member	1.00	Director	$0	$0	$0
Scotty Summerlin	Department Head	5.00	Officer	$0	$0	$0
Teresa Chambers	Secretary/Treasurer	5.00	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	$163,332	$134,336	$26,514	$28,996
2024	$299,681	$300,766	$30,074	$-1,085

The Foundation for Duplin County Industrial and Business Development