GREATER WINSTON-SALEM DEVELOPMENT CORP (EIN 510436665) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

MARK OWENS

Phone

3367289200

Tax Period

2023-01-01 to 2023-12-31

GREATER WINSTON-SALEM DEVELOPMENT CORP, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $711K, a strong 44% operating margin.

Mission

TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN WINSTON-SALEM AND FORSYTH COUNTY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,554,221

Program Service Revenue $0

Investment Income $66,266

Other Revenue $0

TOTAL REVENUE $1,620,487

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $652,188

Fundraising Expenses $0

Program Expenses $692,837

Other Expenses $207,288

TOTAL EXPENSES $909,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,620,487	$791,137	+1.0%
Expenses	$909,476	$808,007	+0.1%
Net Income	$711,011	$-16,870	-43.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$496,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK OWENS	PRESIDENT/CE	16.00	Officer	$0	$24,421	$309,851
NICK REED	CFO	12.00	Officer	$0	$21,223	$186,735
LAURA LEE	SVP OF ECONO	40.00	Highest	$0	$16,129	$148,985
MAMIE SUTPHIN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE LINEBERGER	TRUSTEE	1.00	Director	$0	$0	$0
TODD HALL	TRUSTEE	1.00	Director	$0	$0	$0
COLEMAN TEAM	TRUSTEE	1.00	Director	$0	$0	$0
ELWOOD ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
SAM METZLER	TRUSTEE	1.00	Director	$0	$0	$0
CATHY PACE	CHAIR	1.00	Officer Director	$0	$0	$0
APRILLE BELL	TREASURER	1.00	Officer Director	$0	$0	$0
DR JANET SPRIGGS	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE LANCASTER	CHAIR ELECT	1.00	Officer 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	$1,620,487	$909,476	$2,114,188	$711,011
2022	$791,137	$808,007	$1,389,916	$-16,870
2021	$628,246	$1,042,946	$1,483,788	$-414,700
2020	$454,726	$1,547,098	$1,818,161	$-1,092,372
2019	$939,883	$829,077	$5,323,722	$110,806
2018	$1,167,246	$675,303	$6,740,464	$491,943

GREATER WINSTON-SALEM DEVELOPMENT CORP