GREATER GASTON DEVELOPMENT CORPORAT

EIN: 471726248

GASTONIA, NC

Total Revenue
$565,455
Total Expenses
$620,495
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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 IS A PRIVATE SECTOR LED NON-PROFIT CORPORATION, FORMED IN 2014 FOR THE SOLE PURPOSE OF STRENGTHENING FACTORS INFLUENCING GASTON COUNTY'S ECONOMIC COMPETITIVENESS. THE ORGANIZATION HAS SERVED AS A LEADER, CATALYST, CONVENER, AND FACILITATOR OF STRATEGIC INITIATIVES DESIGNED TO UNITE AND ALIGN PUBLIC, PRIVATE, AND NON-PROFIT ENTITIES BEHIND A PRO- GROWTH AGENDA. THE ULTIMATE GOAL OF THESE EFFORTS IS TO SUBSTANTIALLY INCREASE CAPITAL INVESTMENT AND SUSTAINABLE JOB DEVELOPMENT IN GASTON COUNTY. SINCE THE GGDC'S 2014 INCEPTION, GASTON COUNTY ENJOYED MODERATE INCREMENTAL ECONOMIC DEVELOPMENT SUCCESS. BUT IN 2019, IT FOUND ITSELF AT AN INFLECTION POINT IN ITS GROWTH TRAJECTORY. WITH STRONG DEVELOPMENT MOMENTUM OCCURRING THROUGHOUT THE COUNTY, THE GGDC IN CONJUNCTION WITH PARTNERS WORKED TO IDENTIFY AND ADDRESS THE ASSOCIATED OPPORTUNITIES AND CHALLENGES TO ENSURE LONG-TERM COMMUNITY BENEFIT. THE GGDC-STRATEGICALLY AND UNIQUELY POSITIONED TO HELP CREATE AND DRIVE FORWARD GASTON-HELPED

Program Service Accomplishments

Program 1

THE POSITIVE ECONOMIC PROSPECTS OUR GASTON COUNTY COMMUNITY FACED IN 2019 DID NOT RANDOMLY APPEAR. THE GGDC, ALONG WITH THE PUBLIC AND PRIVATE SECTORS, WORKED COLLABORATIVELY TO POSITION GASTON...

Read more

THE POSITIVE ECONOMIC PROSPECTS OUR GASTON COUNTY COMMUNITY FACED IN 2019 DID NOT RANDOMLY APPEAR. THE GGDC, ALONG WITH THE PUBLIC AND PRIVATE SECTORS, WORKED COLLABORATIVELY TO POSITION GASTON COUNTY TO CREATE AND TAKE ADVANTAGE OF GROWTH OPPORTUNITIES. MUCH OF THE GGDC'S EARLY EFFORTS WERE GUIDED BY THE ORGANIZATION'S 2014 ALLIANCE FOR GROWTH PLAN, DEVELOPED IN PARTNERSHIP WITH OVER 100 GASTON COUNTY LEADERS, WHICH FOCUSED ON SEVEN STRATEGIC GROWTH PRIORITIES COMPRISED OF 1) COUNTYWIDE IMAGE BUILDING & MARKETING, 2) ENTREPRENEURIAL & SMALL BUSINESS GROWTH, 3) WORKFORCE PREPAREDNESS, 4) NEW & EXPANDED BUSINESS RECRUITMENT, 5) GROWTH & REGULATORY PROCESSES, 6) SITES, BUILDINGS, & INFRASTRUCTURE, AND 7) TRANSPORTATION & ACCESS. IN 2019, THE GGDC WAS ENGAGED IN A NUMBER OF ACTIVITIES IN SUPPORT OF ITS MISSION. ADVOCACY FOR TRANSPORTATION INFRASTRUCTURE INVESTMENTS, LIKE ADVANCING A COMPREHENSIVE MULTIJURISDICTIONAL MULTIMODAL TRANSPORTATION VISION FOR THE CHARLOTTE REGION, WAS A MAJOR COMPONENT OF GGDC EFFORTS. THE GASTON OUTSIDE CAMPAIGN, LAUNCHED IN JUNE 2016 TO BUILD AWARENESS WITHIN THE REAL ESTATE, BUSINESS, AND HOMEBUYER AUDIENCES OF ECONOMIC OPPORTUNITIES THROUGHOUT GASTON COUNTY, ENJOYED ITS MOST SUCCESSFUL YEAR TO DATE IN 2019. THE GGDC WAS ALSO INSTRUMENTAL IN THE CREATING, LEADING, AND SUPPORTING THE 2019 GASTON ECONOMIC DEVELOPMENT STRATEGY COMMITTEE AND RESULTING REPORT, WHICH LED TO A THIRD-PARTY ECONOMIC DEVELOPMENT ASSESSMENT OF GREATER GASTON. ASSESSMENT FINDINGS RESULTED IN ECONOMIC DEVELOPMENT BEING IDENTIFIED BY THE BOARD OF COUNTY COMMISSIONERS AS A HIGH PRIORITY FOR GASTON COUNTY IN 2020. SINCE THE ASSESSMENT'S DELIVERY IN LATE 2019, THE GGDC WORKED IN CLOSE PARTNERSHIP WITH THE COUNTY MANAGER'S OFFICE AND PARTNERS TO DEVELOP A COMPREHENSIVE COUNTYWIDE ECONOMIC DEVELOPMENT STRATEGY, HELPING LEAD GASTON COUNTY TO A PROSPEROUS AND ROBUST ECONOMIC FUTURE. FOR THE IMPORTANT WORK OF THE GGDC, THE ORGANIZATION WAS RECOGNIZED IN TWO 2019 MOMENTS FOR ITS YEARS' WORTH OF COLLABORATIVE EFFORTS: FEBRUARY 2019 - THE GGDC RECEIVED THE ANNUAL EPIC AWARD FROM THE MONTCROSS CHAMBER OF COMMERCE FOR INNOVATIVE COLLABORATIVE STRATEGIES AND APPROACHES. MAY 2019 - THE GGDC RECEIVED THE ANNUAL COMMUNITY LEADERSHIP AWARD FROM THE GASTON TOGETHER: COMMUNITIES OF EXCELLENCE IN RECOGNITION OF THE GASTON OUTSIDE (GO) IMAGE AND MARKETING CAMPAIGN. MOVING INTO 2020, THE GGDC LOOKS FORWARD TO CREATING AN ENVIRONMENT OF STRATEGIC LEVEL THINKING AMONG PARTNERS, ALIGNING THE PUBLIC, PRIVATE, AND NONPROFIT SECTORS AROUND A HOLISTIC VISION OF GASTON COUNTY'S FUTURE, AND WORKING AGGRESSIVELY TO ACHIEVE THIS VISION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare GREATER GASTON DEVELOPMENT CORPORAT with other nonprofits in North Carolina and across the country.