WILMINGTON BUSINESS DEVELOPMENT (EIN 560636999) - 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

1960

Legal Domicile

Principal Officer

R SCOTT SATTERFIELD

Phone

9107638414

Tax Period

2023-07-01 to 2024-06-30

WILMINGTON BUSINESS DEVELOPMENT, founded in 1960, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $265K, a strong 17% operating margin.

Mission

TO ATTRACT INDUSTRY TO THE WILMINGTON AREA.

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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 $0

Program Service Revenue $1,510,330

Investment Income $58,330

Other Revenue $31,114

TOTAL REVENUE $1,599,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,106,713

Fundraising Expenses $0

Other Expenses $228,219

TOTAL EXPENSES $1,334,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,599,774	$1,504,050	+0.1%
Expenses	$1,334,932	$1,309,977	+0.0%
Net Income	$264,842	$194,073	+0.4%

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

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

$581,328

Total Directors

$581,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R SCOTT SATTERFIELD	CEO/SECRETARY	40.00	Officer Director	$538,050	$43,278	$581,328
FRED SAMZ	CHAIRMAN	0.20	Director	$0	$0	$0
TIM MILAM	VICE CHAIRMAN	0.20	Director	$0	$0	$0
MICHAEL MCWHORTER	TREASURER	0.20	Director	$0	$0	$0
WILMA DANIELS	DIRECTOR	0.20	Director	$0	$0	$0
DAVID HONEYCUTT	DIRECTOR	0.20	Director	$0	$0	$0
BILL KING	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL YOUNGBLOOD	DIRECTOR	0.20	Director	$0	$0	$0
JEFF ROOKS	DIRECTOR	0.20	Director	$0	$0	$0
JAY MCGRADY	DIRECTOR	0.20	Director	$0	$0	$0
BILL RIVENBARK	EX-OFFICIO DIRECTOR	0.20	Director	$0	$0	$0
BILL SAFFO	EX-OFFICIO DIRECTOR	0.20	Director	$0	$0	$0
BRAD GEORGE	EX-OFFICIO DIRECTOR	0.20	Director	$0	$0	$0
LISA LEITH	EX-OFFICIO DIRECTOR	0.20	Director	$0	$0	$0
CLIFF PYRON JR	DIRECTOR OF BUSINESS DEVEL	40.00	Highest	$187,928	$18,102	$206,030

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	No data	No data	No data	No data
2024	$1,599,774	$1,334,932	$2,193,055	$264,842
2023	$1,504,050	$1,309,977	$1,928,213	$194,073
2022	$1,342,071	$1,096,657	$1,640,676	$245,414
2021	$1,081,122	$986,306	$1,358,209	$94,816
2020	$1,079,262	$1,070,537	$1,125,393	$8,725
2019	$1,109,713	$1,102,852	$1,037,684	$6,861

WILMINGTON BUSINESS DEVELOPMENT