PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION

EIN: 561438854 501(c)(3)

KERNERSVILLE, NC

Total Revenue
$620,104
Total Expenses
$343,806
Total Assets
$5,018,023
Net Assets
$4,402,052
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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
1983
Legal Domicile
NC
Principal Officer
WILLIAM COCKERHAM
Phone
3369040300
Tax Period
2024-07-01 to 2025-06-30

PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION, founded in 1983, is a small nonprofit that reported $620K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $276K, a strong 45% operating margin.

Mission

PROCESSING SBA SECTION 504 LOANS. DEVELOPMENT AND IMPLEMENTATION OF THE COMPREHENSIVE ECONOMIC

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $565,144
Program Service Revenue $0
Investment Income $54,960
Other Revenue $0
TOTAL REVENUE $620,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $301,267
Other Expenses $343,806
TOTAL EXPENSES $343,806

Year-over-Year Comparison

2024 2023 Change
Revenue $620,104 $1,986,634 -0.7%
Expenses $343,806 $1,670,696 -0.8%
Net Income $276,298 $315,938 -0.1%
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

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Governance

Voting Members
30
Independent Members
30
Employees
N/A
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
6
$0
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL LASHLEY DIRECTOR 0.50
Director
$0 $0 $0
CASEY SMITH DIRECTOR 0.50
Director
$0 $0 $0
JAMES BLAKLEY DIRECTOR 0.50
Director
$0 $0 $0
DON MARTIN DIRECTOR 0.50
Director
$0 $0 $0
CARLY COOKE DIRECTOR 0.50
Director
$0 $0 $0
DANA DAWSON DIRECTOR 0.50
Director
$0 $0 $0
DARRELL FRYE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LEIGH COCKRAM SECRETARY 1.00
Officer Director
$0 $0 $0
RICK MORRIS DIRECTOR 0.50
Director
$0 $0 $0
LARRY JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
KEVIN AUSTIN DIRECTOR 0.50
Director
$0 $0 $0
KEN MILLETT DIRECTOR 0.50
Director
$0 $0 $0
DAVID ALLEN DIRECTOR 0.50
Director
$0 $0 $0
ANDY ANDERSON TREASURY 0.50
Officer Director
$0 $0 $0
KAREN BARNES DIRECTOR 0.50
Director
$0 $0 $0
J DOUGLAS BREWER DIRECTOR 0.50
Director
$0 $0 $0
SANDI SCANNELLI PRESIDENT 1.00
Officer Director
$0 $0 $0
KEVIN FRANKLIN DIRECTOR 0.50
Director
$0 $0 $0
LISA HAZLETT DIRECTOR 0.50
Director
$0 $0 $0
JIM LEWIS DIRECTOR 0.50
Director
$0 $0 $0
MARK MORAN ASSISTANT SECRETARY/TREASU 1.00
Officer Director
$0 $0 $0
ALAN MURDOCK DIRECTOR 0.50
Director
$0 $0 $0
PETER PEQUENO II DIRECTOR 0.50
Director
$0 $0 $0
CHRIS PHELPS DIRECTOR 0.50
Director
$0 $0 $0
SCOTT RHINE DIRECTOR 0.50
Director
$0 $0 $0
VON ROBERTSON DIRECTOR 0.50
Director
$0 $0 $0
PENNY WHITEHEART DIRECTOR 0.50
Director
$0 $0 $0
JAY WAGNER DIRECTOR 0.50
Director
$0 $0 $0
TIMOTHY MINOR DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM COCKERHAM PRESIDENT & CEO 0.50
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
2025 $620,104 $343,806 $5,018,023 $276,298
2024 $1,986,634 $1,670,696 $5,308,982 $315,938
2023 $1,204,917 $645,806 $4,723,817 $559,111
2022 $1,939,896 $667,897 $5,174,501 $1,271,999
2021 $2,232,298 $502,908 $3,738,707 $1,729,390
2020 $523,509 $297,086 $1,290,956 $226,423
2019 $725,286 $170,182 $550,488 $555,104
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