MARLBORO COUNTY ECONOMIC DEVELOPMENT CORPORATION

EIN: 455619955 501(c)(3) Education

BENNETTSVILLE, SC

Total Revenue
$53,756
Total Expenses
$50,244
Total Assets
$296,544
Net Assets
$296,544
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
SC
Principal Officer
TONNY MCNEIL
Phone
8434795626
Tax Period
2022-07-01 to 2023-06-30

MARLBORO COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2012, is a micro nonprofit in the Education sector that reported $54K in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $50K left a modest 7% surplus.

Mission

THE PROMOTION OF ECONOMIC DEVELOPMENT IN MARLBORO COUNTY SOUTH CAROLINA

Program Service Accomplishments

Program 1
Expenses: $22,566 Revenue: $50,929

MARKETING OF THE COUNTY,ITS WORKFORCE AND COMMERCIAL PROPERTIES

Program 2
Expenses: $9,250 Revenue: $0

PROVIDING ADVOCACY AND SUPPORT FOR EXISTING INDUSTRIES IN THE COUNTY

Program 3
Expenses: $0 Revenue: $0

PROMOTING TRAINING FOR LEADERSHIP IN MARLBORO COUNTY, SOUTH CAROLINA

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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 (2022)

Revenue Breakdown

Contributions & Grants $50,929
Program Service Revenue $0
Investment Income $137
Other Revenue $2,690
TOTAL REVENUE $53,756

Expense Breakdown

Grants Paid $22,175
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $31,816
Other Expenses $28,069
TOTAL EXPENSES $50,244

Year-over-Year Comparison

2022 2021 Change
Revenue $53,756 $67,430 -0.2%
Expenses $50,244 $22,080 +1.3%
Net Income $3,512 $45,350 -0.9%
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

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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
13
Independent Members
13
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
4
$9,600
Total Directors
12
$9,600
Key Employees
1
$38,040
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONNY MCNEIL EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
FRED THOMAS VICE CHAIR 0.50
Officer Director
$0 $0 $0
ANDY ROGERS CHAIRMAN 0.50
Director
$0 $0 $0
LUTHER JOHNAKIN BOARD MEMBER 0.50
Director
$0 $0 $0
FRANKIE FRAZIER SECRETARY/TREASURER 1.50
Officer Director
$0 $0 $0
RON MUNNERNLYN DESIGNATED EX OFFICIO 10.00
Officer Director
$9,600 $0 $9,600
DR CAROLYN A PRINCE DESIGNATED EX OFFICIO 0.50
Director
$0 $0 $0
EMORY LANE BOARD MEMBER 0.50
Director
$0 $0 $0
GEORGE WEBSTER BOARD MEMBER 0.50
Director
$0 $0 $0
WES PARK BOARD MEMBER 0.50
Director
$0 $0 $0
MAX ALDERMAN DESIGNATED EX OFFICIO 0.50
Director
$0 $0 $0
REGINA DUPREE GRANTS MANAGER/ACCOUNTING SPECIALIST 40.00
Key Emp
$40 $0 $38,040
CHARLES P MIDGLEY JR DESIGNATED EX OFFICIO 0.50
Director
$0 $0 $0
JUSTIN DAWKINS BOARD MEMBER 0.50
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
2024 No data No data No data No data
2023 $53,756 $50,244 $296,544 $3,512
2022 $67,430 $22,080 $293,032 $45,350
2021 $69,701 $26,201 $248,724 $43,500
2020 $73,200 $30,247 $205,222 $42,953
2019 $75,613 $253,378 $162,087 $-177,765
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