GREATER GASTON DEVELOPMENT CORPORAT

EIN: 471726248

GASTONIA, NC

Total Revenue
$565,455
Total Expenses
$620,495
Total Assets
N/A
Net Assets
N/A
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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
2014
Legal Domicile
NC
Principal Officer
GREG BOTNER
Phone
9802837200
Tax Period
2020-01-01 to 2020-12-31

GREATER GASTON DEVELOPMENT CORPORAT, founded in 2014, is a small nonprofit that reported $565K in total revenue in fiscal year 2020. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

THE GGDC'S MISSION IS TO SUPPORT AND IMPLEMENT DIRECTLY AND THROUGH OTHERS AN INITIATIVE WHICH IDENTIFIES AND ADVANCES A COORDINATED SET OF AMBITIOUSLY REALISTIC ACTIONS WHICH MEASURABLY STRENGTHEN THE FACTORS IMPACTING GASTON COUNTY'S ECONOMIC COMPETITIVENESS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $512,308
Program Service Revenue $53,125
Investment Income $22
Other Revenue $0
TOTAL REVENUE $565,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $303,115
Fundraising Expenses $0
Other Expenses $317,380
TOTAL EXPENSES $620,495

Year-over-Year Comparison

2020 2019 Change
Revenue $565,455 $429,300 +0.3%
Expenses $620,495 $444,681 +0.4%
Net Income $-55,040 $-15,381 +2.6%
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
2
Volunteers
12

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
$0
Total Directors
16
$0
Key Employees
1
$162,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG BOTNER CHAIRMAN 2.00
Officer Director
$0 $0 $0
CHRIS PEEK VICE CHAIRMA 2.00
Officer Director
$0 $0 $0
JOEL LONG IMMEDIATE PA 1.00
Officer Director
$0 $0 $0
TIM EFIRD SECRETARY/TR 2.00
Officer Director
$0 $0 $0
RICK CRAIG TRUSTEE 1.00
Director
$0 $0 $0
BOB CLAY TRUSTEE 1.00
Director
$0 $0 $0
BILL THIERFELDER TRUSTEE 1.00
Director
$0 $0 $0
WALKER REID III TRUSTEE 1.00
Director
$0 $0 $0
GENE MATTHEWS TRUSTEE 1.00
Director
$0 $0 $0
ANGEL BAEZ TRUSTEE 1.00
Director
$0 $0 $0
SHAUN RANDALL TRUSTEE 1.00
Director
$0 $0 $0
MARTHA WOOLEY WEGNER TRUSTEE 1.00
Director
$0 $0 $0
ANDY WARLICK TRUSTEE 1.00
Director
$0 $0 $0
BILL CARSTARPHEN TRUSTEE 1.00
Director
$0 $0 $0
JOHN LOWERY TRUSTEE 1.00
Director
$0 $0 $0
CRAIG WATSON TRUSTEE 1.00
Director
$0 $0 $0
PATRICK MUMFORD EXECUTIVE DI 40.00
Key Emp
$162,500 $0 $162,500
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
2020 $565,455 $620,495 No data $-55,040
2019 $429,300 $444,681 $63,440 $-15,381
2018 $380,921 $647,303 $167,659 $-266,382
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