RALEIGH, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ECONOMIC DEVELOPMENT PARTNERSHIP OF NORTH CAROLINA INC, founded in 2013, is a mid-sized nonprofit in the Community Improvement sector that reported $52.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.
OUR MISSION IS TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL NORTH CAROLINIANS. WE DO THIS BY COLLABORATING WITH STATE, REGIONAL, LOCAL, AND PRIVATE-SECTOR PARTNERS IN NEW BUSINESS RECRUITMENT, EXISTING EMPLOYER SUPPORT, INTERNATIONAL TRADE AND EXPORT ASSISTANCE, SMALL BUSINESS START-UP COUNSELING, AND TOURISM PROMOTION.
EDPNC'S VISIT NC TEAM RESPONDED IMMEDIATELY TO HURRICANE HELENE'S DESTRUCTION THROUGH EXTENSIVE PARTNER COMMUNICATIONS, PROACTIVE MEDIA RELATIONS, ITS WELL-PUBLICIZED INTERACTIVE TRAVEL ADVISORY MAP...
EDPNC'S VISIT NC TEAM RESPONDED IMMEDIATELY TO HURRICANE HELENE'S DESTRUCTION THROUGH EXTENSIVE PARTNER COMMUNICATIONS, PROACTIVE MEDIA RELATIONS, ITS WELL-PUBLICIZED INTERACTIVE TRAVEL ADVISORY MAP, AND MORE. THE TEAM'S FOCUS QUICKLY SHIFTED TO SUPPORTING THE MOUNTAIN DESTINATIONS LESS AFFECTED AND ABLE TO WELCOME VISITORS DURING THE VITAL FALL, HOLIDAY/WINTER, AND SPRING SEASONS. AS SEASONS PROGRESSED INTO SPRING AND SUMMER, EFFORTS EVOLVED TO EMPHASIZE TRAVEL INSPIRATION. VISIT NC HAS CONTINUED TO LEVERAGE THE ADDITIONAL, INCREMENTAL RECOVERY FUNDS WITH THE SAME SENSE OF URGENCY AND COMMITMENT. WITH A ROBUST SUMMER CAMPAIGN IN MOTION, EMPHASIS REMAINS ON STRENGTHENING AND EXTENDING THE CAMPAIGN'S REACH AND EFFECTIVENESS THROUGH SUMMER, FALL, AND WINTER 2025 TO INSPIRE TRAVEL AND HELP REVITALIZE WESTERN NORTH CAROLINA'S VITAL TOURISM ECONOMY.DESPITE SIGNIFICANT HEADWINDS BROUGHT ON BY HURRICANE HELENE, TOURISM IN NORTH CAROLINA CONTINUED TO BREAK RECORDS IN 2024, WITH TRAVEL SPENDING STATEWIDE RISING TO $36.7 BILLION. THAT TOTAL ECLIPSED THE PREVIOUS RECORD OF $35.6 BILLION SET IN 2023. DIRECT TOURISM EMPLOYMENT ALSO INCREASED STATEWIDE BY 1.4% TO 230,338 IN 2024.
THE EDPNC OFFERS ANOTHER SPECIALIZED SERVICE TO NORTH CAROLINA COMPANIES: ASSISTING THEM TO ENTER FOREIGN MARKETS AND EXPAND THEIR INTERNATIONAL SALES. IN FISCAL YEAR 2025, THE EDPNC'S INTERNATIONAL...
THE EDPNC OFFERS ANOTHER SPECIALIZED SERVICE TO NORTH CAROLINA COMPANIES: ASSISTING THEM TO ENTER FOREIGN MARKETS AND EXPAND THEIR INTERNATIONAL SALES. IN FISCAL YEAR 2025, THE EDPNC'S INTERNATIONAL TRADE MANAGERS AND FOREIGN OFFICES PROVIDED EXPORT ASSISTANCE TO 463 COMPANIES ACROSS ALL EIGHT MULTICOUNTY 'PROSPERITY ZONES.' THE ASSISTANCE INCLUDED PROVIDING MARKET INTELLIGENCE AND STRATEGIES, PRODUCT ANALYSIS, DISTRIBUTOR SEARCHES, LOCALIZATION OF WEBSITES AND MARKETING MATERIALS, AND SUPPORT AT TRADE SHOWS AND TRADE MISSIONS. DURING FISCAL YEAR 2025, THE INTERNATIONAL TRADE TEAM DEVELOPED A NEW TRADE ACCELERATOR PROGRAM EXPECTED TO LAUNCH IN LATE 2025 THAT WILL GUIDE A COHORT OF NORTH CAROLINA COMPANIES THROUGH AN INTENSIVE CURRICULUM AND CULMINATE IN AN INTERNATIONAL TRADE MISSION.
EDPNC AND PARTNERS SUCCESSFULLY COMPETED FOR 128 BUSINESS RECRUITMENT AND EXPANSION PROJECTS RESULTING IN THE ANNOUNCEMENT OF 29,983 NEW JOBS IN NORTH CAROLINA AND $25.3 BILLION IN INVESTMENT, BOTH...
EDPNC AND PARTNERS SUCCESSFULLY COMPETED FOR 128 BUSINESS RECRUITMENT AND EXPANSION PROJECTS RESULTING IN THE ANNOUNCEMENT OF 29,983 NEW JOBS IN NORTH CAROLINA AND $25.3 BILLION IN INVESTMENT, BOTH MARKS DOUBLING THE PREVIOUS YEAR'S TALLIES. THE YEAR WAS HEADLINED BY JETZERO'S PLANS FOR A NEW COMMERCIAL AIRPLANE MANUFACTURING FACILITY AT PIEDMONT TRIAD INTERNATIONAL AIRPORT. THE COMMITMENT TO CREATE 14,564 JOBS IS THE LARGEST JOBS ANNOUNCEMENT IN STATE HISTORY. ALSO ANNOUNCED WERE JABIL'S 2,004-JOB, $264 MILLION MANUFACTURING FACILITY IN ROWAN COUNTY; AMAZON WEB SERVICES' 500-JOB, $10 BILLION INVESTMENT IN RICHMOND COUNTY; PRATT & WHITNEY'S 325-JOB, $285 MILLION COMMITMENT TO BUNCOMBE COUNTY; AND A FLURRY OF LIFE SCIENCES AND BIOTECHNOLOGY ANNOUNCEMENTS INCLUDING, AMONG OTHERS, AMGEN AND GENENTECH IN WAKE COUNTY AND JOHNSON & JOHNSON AND IDEXX LABORATORIES IN WILSON COUNTY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $52,335,240 | $42,149,721 | +0.2% |
| Expenses | $51,477,973 | $40,730,902 | +0.3% |
| Net Income | $857,267 | $1,418,819 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GENE MCLAURIN | DIRECTOR & CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN KANE | DIRECTOR & SECRETARY/TREAS | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAM CUNDIFF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AARON THOMAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SPENCE BROADHURST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM MORGAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE LOGAN | DIRECTOR (THRU NOV 2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES R JORDAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHEILA KNIGHT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VIMAL KOLAPPA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN LEVERT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD C REICH PHD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEE NETTLES | DIRECTOR (THRU NOV 2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| ROLF BLIZZARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEE LILLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SAM BOWLES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEITH HOLTSCLAW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BHASKAR VENEPALLI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAYLAH NUNN JONES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW SCHMIDT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MACHELLE SANDERS | DIRECTOR (THRU NOV 2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER CHUNG | CEO | 40.00 |
Officer
|
$391,760 | $64,272 | $456,032 |
| MICHAEL EBERT | COO | 40.00 |
Officer
|
$213,991 | $16,775 | $230,766 |
| MELISSA SMITH | SR. VP BUSINESS RECRUITMENT | 40.00 |
Highest
|
$179,736 | $15,481 | $195,217 |
| DENISE DESATNICK | VP MARKETING | 40.00 |
Highest
|
$179,332 | $17,951 | $197,283 |
| WILLIAM TUTTELL | VP TOURISM | 40.00 |
Highest
|
$174,850 | $21,531 | $196,381 |
| LARRY PRICE | DIRECTOR FINANCE | 40.00 |
Highest
|
$147,982 | $20,792 | $168,774 |
| ANDERS VICTOR | DIRECTOR BUS. DEVELOPMENT | 40.00 |
Highest
|
$131,261 | $13,381 | $144,642 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $52,335,240 | $51,477,973 | $130,673,830 | $857,267 |
| 2024 | $42,149,721 | $40,730,902 | $38,670,385 | $1,418,819 |
| 2023 | $52,521,206 | $51,278,426 | $25,065,283 | $1,242,780 |
| 2022 | $25,900,688 | $25,058,045 | $8,246,221 | $842,643 |
| 2021 | $39,872,083 | $38,513,454 | $8,597,850 | $1,358,629 |
| 2020 | $20,898,417 | $20,293,375 | $10,570,203 | $605,042 |
| 2019 | $23,011,507 | $23,225,749 | $3,583,941 | $-214,242 |
| 2018 | $24,333,761 | $23,416,160 | $3,793,975 | $917,601 |
Compare ECONOMIC DEVELOPMENT PARTNERSHIP OF NORTH CAROLINA INC with other nonprofits in North Carolina and across the country.