YADKIN VALLEY ECONOMIC DEVELOPMENT DISTRICT INC (EIN 560851147) - 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

1972

Legal Domicile

Principal Officer

KATHY PAYNE

Phone

3363677251

Tax Period

2024-07-01 to 2025-06-30

YADKIN VALLEY ECONOMIC DEVELOPMENT DISTRICT INC, founded in 1972, is a mid-sized nonprofit in the Human Services sector that reported $13.6M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $12.6M left a modest 7% surplus.

Mission

DEDICATED TO IMPROVING THE LIVES OF INDIVIDUALS AND FAMILIES IN DAVIE, STOKES, SURRY, AND YADKIN COUNTIES THROUGH A VARIETY OF PROGRAMS AND PARTNERSHIPS TO BUILD STRONGER COMMUNITIES.

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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 $11,471,950

Program Service Revenue $2,104,133

Investment Income $-2,694

Other Revenue $0

TOTAL REVENUE $13,573,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,366,923

Fundraising Expenses $0

Program Expenses $11,449,128

Other Expenses $5,281,808

TOTAL EXPENSES $12,648,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,573,389	$15,833,638	-0.1%
Expenses	$12,648,731	$16,062,168	-0.2%
Net Income	$924,658	$-228,530	-5.0%

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

217

Volunteers

175

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

$159,493

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICKEY CARTNER	CHAIR	5.00	Officer Director	$0	$0	$0
TOM BACHMANN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
SYLVIA JESSUP	SECRETARY	5.00	Officer Director	$0	$0	$0
CLIFF COLLINS	TREASURER	5.00	Officer Director	$0	$0	$0
DEBRA JESSUP	PARLIAMENTAR	5.00	Officer Director	$0	$0	$0
JIM BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD CHANDLER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY CRAINE	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM CROUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
BENITA FINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
EDDIE HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELBY KING	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD LASKY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN OAKES	BOARD MEMBER	1.00	Director	$0	$0	$0
RICKY OLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIE PASCHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEY TILLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
VAN TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGIE WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENT WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN AUSTIN	BRD MBR THRU	1.00	Director	$0	$0	$0
LARRY JOHNSON	BRD MBR THRU	1.00	Director	$0	$0	$0
MELISSA LEDBETTER	BRD MBR THRU	1.00	Director	$0	$0	$0
KATHY PAYNE	EXECUTIVE DI	40.00	Officer	$102,083	$0	$102,083
CRYSTAL WILLIAMS	FINANCE DIRE	40.00	Officer	$57,410	$0	$57,410

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	$13,573,389	$12,648,731	$8,877,565	$924,658
2024	$15,833,638	$16,062,168	$7,230,652	$-228,530
2023	$15,305,531	$15,036,632	$6,365,856	$268,899
2022	$13,860,054	$14,320,540	$5,760,252	$-460,486
2021	$11,787,898	$10,851,841	$6,009,437	$936,057
2021	$11,787,897	$10,851,841	$6,009,436	$936,056
2020	$11,466,152	$11,823,037	$4,802,577	$-356,885
2019	$11,718,575	$12,284,537	$4,779,279	$-565,962
2018	$12,136,640	$12,518,870	$5,252,980	$-382,230

YADKIN VALLEY ECONOMIC DEVELOPMENT DISTRICT INC