WILSON ECONOMIC FOUNDATION INC

EIN: 561549220

WILSON, NC

Total Revenue
$127,895
Total Expenses
$63,724
Total Assets
$791,806
Net Assets
$790,185
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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

Principal Officer
ELIOT F SMITH
Phone
2522371115
Tax Period
2025-01-01 to 2025-12-31

WILSON ECONOMIC FOUNDATION INC is a small nonprofit that reported $128K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $64K, a strong 50% operating margin.

Mission

ENCOURAGING ECONOMIC DEVELOPMENT IN WILSON COUNTY, NC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $101,890
Program Service Revenue $0
Investment Income $24,064
Other Revenue $1,941
TOTAL REVENUE $127,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,934
Fundraising Expenses $0
Program Expenses $20,791
Other Expenses $25,790
TOTAL EXPENSES $63,724

Year-over-Year Comparison

2025 2024 Change
Revenue $127,895 $136,254 -0.1%
Expenses $63,724 $51,089 +0.2%
Net Income $64,171 $85,165 -0.2%
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
11
Independent Members
11
Employees
1
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM SHARP TREASURER N/A
Officer Director
$0 $0 $0
ELIOT F SMITH PRESIDENT N/A
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 $127,895 $63,724 $791,806 $64,171
2024 No data No data No data No data
2023 $110,266 $39,600 $643,013 $70,666
2022 $192,783 $68,287 $572,347 $124,496
2021 $192,136 $89,131 $447,851 $103,005
2020 $148,963 $293,440 $344,801 $-144,477
2019 $153,952 $125,503 $489,320 $28,449
2018 $84,612 $146,373 $460,871 $-61,761
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