BRUNSWICK COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC

EIN: 454769194 501(c)(3) Community Improvement

LELAND, NC

Total Revenue
$913,657
Total Expenses
$851,702
Total Assets
$544,463
Net Assets
$518,395
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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
2012
Legal Domicile
NC
Principal Officer
ALLEN BRYANT
Phone
9102535325
Tax Period
2023-07-01 to 2024-06-30

BRUNSWICK COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $914K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $852K left a modest 7% surplus.

Mission

SERVICES SEEKING JOB CREATION AND ADVANCEMENT OF ECONOMIC DEVELOPMENT FOR JOBS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $875,762
Program Service Revenue $0
Investment Income $37,895
Other Revenue $0
TOTAL REVENUE $913,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $353,982
Fundraising Expenses $0
Program Expenses $794,715
Other Expenses $497,720
TOTAL EXPENSES $851,702

Year-over-Year Comparison

2023 2022 Change
Revenue $913,657 $1,120,256 -0.2%
Expenses $851,702 $974,081 -0.1%
Net Income $61,955 $146,175 -0.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
3
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
11
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY WIGGS GAMIN BOARD MEMBER N/A
Officer Director
$0 $0 $0
ALLEN BRYANT CHAIRMAN N/A
Officer Director
$0 $0 $0
MORRIS RAY SKIPPER BOARD MEMBER N/A
Officer Director
$0 $0 $0
EVAN B GORE TREASURER N/A
Officer Director
$0 $0 $0
JOHN WARD SECRETARY N/A
Director
$0 $0 $0
CLINT BERRY BOARD MEMBER N/A
Director
$0 $0 $0
JASON MCLEOD BOARD MEMBER N/A
Director
$0 $0 $0
DONNA PHILLIPS BOARD MEMBER N/A
Director
$0 $0 $0
RANDY THOMPSON BOARD MEMBER N/A
Director
$0 $0 $0
MIKE FORTE BOARD MEMBER N/A
Officer Director
$0 $0 $0
PERRY DAVIS BOARD MEMBER N/A
Officer Director
$0 $0 $0
LISA FITZGERALD BOARD MEMBER N/A
Officer Director
$0 $0 $0
STEVE STONE BOARD MEMBER N/A
Officer Director
$0 $0 $0
GREG BLAND VICE-CHAIRMA N/A
Officer Director
$0 $0 $0
AARON BROTT BOARD MEMBER N/A
Officer Director
$0 $0 $0
HEATHER KING BOARD MEMBER N/A
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 $913,657 $851,702 $544,463 $61,955
2023 $1,120,256 $974,081 $473,119 $146,175
2022 $716,124 $709,785 $340,166 $6,339
2021 $497,084 $486,753 $313,802 $10,331
2020 $496,452 $547,360 $301,269 $-50,908
2019 $508,070 $451,694 $361,165 $56,376
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