PIEDMONT TRIAD REGIONAL DEVELOPMEN… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

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 DEVELOPMENT STRATEGY FOR THE PIEDMONT TRIAD ECONOMIC DEVELOPMENT DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $157,554 Revenue: $203,588

FURTHERING ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE SURROUNDING AREAS BY DEVELOPMENT AND IMPLEMENTATION OF THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE PIEDMONT TRIAD ECONOMIC...

FURTHERING ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE SURROUNDING AREAS BY DEVELOPMENT AND IMPLEMENTATION OF THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE PIEDMONT TRIAD ECONOMIC DEVELOPMENT DISTRICT.

Program 2

Expenses: $143,713 Revenue: $170,000

FURTHERING ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE SURROUNDING AREAS BY ADMINISTRATING EDA REVOLVING LOAN PROGRAM APPLICATIONS AND APPROVONG LOANS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION