GASTONIA, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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
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...
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.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare GREATER GASTON DEVELOPMENT CORPORAT with other nonprofits in North Carolina and across the country.