DAN RIVER BUSINESS DEVELOPMENT CEN… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

ALBERT K RAWLEY

Phone

4347939100

Tax Period

2024-07-01 to 2025-06-30

DAN RIVER BUSINESS DEVELOPMENT CENTER, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $287K in total revenue in fiscal year 2024.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND TO ATTRACT, ASSIST AND ENCOURAGE EMERGING SERVICE, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $178,184 Revenue: $236,819

PROVIDES EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND ATTRACTS, ASSISTS AND ENCOURAGES EMERGING SERVICES, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES TO SUCCEED IN THE LOCAL COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $235,675

Investment Income $700

Other Revenue $444

TOTAL REVENUE $286,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,801

Fundraising Expenses $0

Program Expenses $178,184

Other Expenses $158,050

TOTAL EXPENSES $296,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,819	$296,984	0.0%
Expenses	$296,851	$278,898	+0.1%
Net Income	$-10,032	$18,086	-1.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ALBERT K RAWLEY	CHAIRMAN	Officer Director	$0	$0	$0
TELLY TUCKER	VICE CHAIRMAN	Officer Director	$0	$0	$0
OTIS HAWKER	TREASURER	Officer Director	$0	$0	$0
CORRIE TEAGUE BOBE	SECRETARY	Officer Director	$0	$0	$0
TIM CHESHER	DIRECTOR	Director	$0	$0	$0
BRYANT HOOD	DIRECTOR	Director	$0	$0	$0
KEN LARKING	DIRECTOR	Director	$0	$0	$0
MATTHEW D ROWE	DIRECTOR	Director	$0	$0	$0
EDDIE HITE	DIRECTOR	Director	$0	$0	$0
VINCENT SHORTER	DIRECTOR	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
2025	$286,819	$296,851	$511,378	$-10,032
2024	$296,984	$278,898	$521,240	$18,086
2023	$598,663	$579,670	$503,000	$18,993
2022	$543,834	$528,728	$481,778	$15,106
2021	$311,296	$278,591	$466,687	$32,705
2020	$916,813	$879,262	$429,067	$37,551
2019	$1,277,377	$1,234,924	$381,816	$42,453
2018	$1,586,002	$1,696,652	$339,788	$-110,650

DAN RIVER BUSINESS DEVELOPMENT CENTER