RANDOLPH COUNTY COMMUNITY & ECONOM… - 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

1986

Legal Domicile

Principal Officer

DANIEL BAKER

Phone

7655843266

Tax Period

2023-01-01 to 2023-12-31

RANDOLPH COUNTY COMMUNITY & ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $400K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $580K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO PROVIDE LEADERSHIP AND RESOURCES TO CONNECT COMMUNITIES, CULTIVATE A PROSPEROUS ECONOMY, AND CREATE A FLOURISHING QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $472,931 Revenue: $56,881

MAKE RANDOLPH COUNTY A BETTER PLACE TO LIVE, WORK AND CONDUCT BUSINESS THROUGH PROMOTING EDUCATIONAL, RECREATIONAL, ENVIRONMENTAL, SOCIAL AND HEALTH PROGRAMS AND JOB CREATION PROGRAMS. ALL REVENUE...

MAKE RANDOLPH COUNTY A BETTER PLACE TO LIVE, WORK AND CONDUCT BUSINESS THROUGH PROMOTING EDUCATIONAL, RECREATIONAL, ENVIRONMENTAL, SOCIAL AND HEALTH PROGRAMS AND JOB CREATION PROGRAMS. ALL REVENUE WAS COLLECTED FOR VARIOUS ACTIVITIES TO PROVIDE FOR ECONOMIC IMPROVEMENT AND JOB CREATION FOR BUSINESS PERSONS IN THE RANDOLPH COUNTY AREA.

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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 $322,040

Program Service Revenue $56,881

Investment Income $381

Other Revenue $21,192

TOTAL REVENUE $400,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,568

Fundraising Expenses $0

Program Expenses $472,931

Other Expenses $322,405

TOTAL EXPENSES $579,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,494	$340,508	+0.2%
Expenses	$579,973	$366,447	+0.6%
Net Income	$-179,479	$-25,939	+5.9%

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

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

$77,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL FADDIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDY FAHL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CLYDE SHAFFER	TREASURER	1.00	Officer Director	$0	$0	$0
CHERYL FISHER	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT WILLIAMS	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WICKERSHAM	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL PRESCOTT	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE MEADOWS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JAMES	DIRECTOR	1.00	Director	$0	$0	$0
JESUS JIMENEZ	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FISHER	DIRECTOR	1.00	Director	$0	$0	$0
LISA JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HANLIN	DIRECTOR	1.00	Director	$0	$0	$0
GABE WINKLE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BAKER	EXECUTIVE DIRECTOR	40.00	Officer	$77,000	$0	$77,000

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
2024	No data	No data	No data	No data
2023	$400,494	$579,973	$792,945	$-179,479
2022	$340,508	$366,447	$969,177	$-25,939
2021	$399,743	$425,943	$896,982	$-26,200
2020	$768,741	$613,621	$923,897	$155,120
2019	$374,760	$527,203	$855,643	$-152,443
2018	$351,968	$348,077	$1,025,925	$3,891

RANDOLPH COUNTY COMMUNITY & ECONOMIC DEVELOPMENT FOUNDATION INC