Statesville, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Downtown Statesville Development Corporation Inc, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $288K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $321K exceeded revenue, resulting in a 11% operating deficit.
DOWNTOWN STATESVEILLE DEVELOPMENT CORPORATION, INC. IS A NONPROFIT ORGANIZATION THAT EXISTS TO PROVIDE LEADERSHIP DEDICATED TO THE HISTORIC PRESERVATION AND ENHANCEMENT OF DOWNTOWN STATESVILLE. OUR ORGANIZATION PROMOTES DOWNTOWN AS THE PRIMARY CENTER FOR ECONOMIC GROWTH OPPORTUNITIES, SOCIAL EXPERIENCES AND CULTURAL ARTS IN STATESVILLE.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $288,378 | $334,303 | -0.1% |
| Expenses | $320,732 | $305,652 | +0.0% |
| Net Income | $-32,354 | $28,651 | -2.1% |
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 |
|---|---|---|---|---|---|---|
| Billy Buck Blevins | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| John Childress | Chairman | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Jim Duffey | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Jennifer Grant | Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Doug Hendrix | Vice Chair | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Donald Hicks Jr | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Kevin Hollifield | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Joshua Speer | Treasurer | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Dean Wooten | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Kelli Simko Walker | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Hannah Scott | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Amy Sullivan | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Marin Tomlin | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Trey Robertson | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Larry Schaefer | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Tanisha Schoolfield | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Dean Wooten | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Michael Young | Executive Dir. | 0.00 |
Officer
|
$0 | $0 | $0 |
| Diane Young | Executive Dir. | 0.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $288,378 | $320,732 | $331,854 | $-32,354 |
| 2024 | $334,303 | $305,652 | $356,206 | $28,651 |
| 2023 | $333,452 | $310,299 | $324,967 | $23,153 |
| 2022 | $239,570 | $226,767 | $292,841 | $12,803 |
| 2021 | $179,844 | $171,349 | $269,664 | $8,495 |
| 2020 | $255,196 | $225,677 | $257,006 | $29,519 |
| 2019 | $203,700 | $231,346 | $225,570 | $-27,646 |
| 2018 | $226,398 | $213,658 | $377,444 | $12,740 |
Compare Downtown Statesville Development Corporation Inc with other nonprofits in North Carolina and across the country.