RALEIGH, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RURAL ECONOMIC DEVELOPMENT CENTER INC, founded in 1987, is a mid-sized nonprofit in the Community Improvement sector that reported $70.0M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $58.3M, a strong 83% operating margin.
WE CHAMPION RURAL NORTH CAROLINA BY INVESTING IN PEOPLE, COMMUNITIES AND POTENTIALAND ENVISION A RURAL NORTH CAROLINA WHERE EVERY RURAL VOICE MATTERS AND EVERY RURALCOMMUNITY THRIVES.
SMALL BUSINESS/ENTREPRENEURSHIP: THE RURAL CENTER DELIVERS CRITICAL RESOURCES TO SUPPORT EXISTING BUSINESSES AND ENABLE THE EMERGENCE OF NEW ENTREPRENEURS. THE RURAL CENTER BELIEVES EQUITABLE...
SMALL BUSINESS/ENTREPRENEURSHIP: THE RURAL CENTER DELIVERS CRITICAL RESOURCES TO SUPPORT EXISTING BUSINESSES AND ENABLE THE EMERGENCE OF NEW ENTREPRENEURS. THE RURAL CENTER BELIEVES EQUITABLE ECONOMIC GROWTH DEPENDS ON SUSTAINING RURAL SMALL BUSINESSES AND NURTURING SMALL-TOWN ENTREPRENEURS. THE RURAL CENTER'S LENDING SUBSIDIARY, THREAD CAPITAL, WORKS WITH INDIVIDUALS TRYING TO START OR EXPAND A SMALL BUSINESS BY PROVIDING CAPITAL, COACHING, AND CONNECTIONS. THE RURAL CENTER OPERATES THE STATE SMALL BUSINESS CREDIT INITIATIVE PROGRAM TO SUPPORT PRIVATE SECTOR CAPITAL FORMATION IN ALL 100 COUNTIES. THE RURAL CENTER OPERATES CORNERSQUARE COMMUNITY CAPITAL, WHICH SUPPORTS COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN A 17-STATE REGION.
LEADERSHIP & ENGAGEMENT: THE CENTER'S FLAGSHIP LEADERSHIP PROGRAM, THE RURAL ECONOMIC DEVELOPMENT INSTITUTE (REDI) OFFERS PARTICIPANTS COLLABORATIVE LEADERSHIP SKILLS AND RURAL DEVELOPMENT STRATEGIES...
LEADERSHIP & ENGAGEMENT: THE CENTER'S FLAGSHIP LEADERSHIP PROGRAM, THE RURAL ECONOMIC DEVELOPMENT INSTITUTE (REDI) OFFERS PARTICIPANTS COLLABORATIVE LEADERSHIP SKILLS AND RURAL DEVELOPMENT STRATEGIES TO HELP THEM RETURN HOME AND MAKE A MEANINGFUL IMPACT IN THEIR COMMUNITIES. UPON GRADUATING FROM REDI, GRADUATES OF THE PROGRAM BECOME PART OF A LARGER ALUMNI NETWORK OF LEADERS. REDI AND HOMEGROWN LEADERS REGIONAL LEADERSHIP TRAINING HAVE TRAINED OVER 1,800 RURAL LEADERS. THE RURAL SUMMIT BRINGS TOGETHER COMMUNITY LEADERS, POLICYMAKERS, AND RURAL ADVOCATES FROM ACROSS THE STATE AND NATION TO ENGAGE IN A THOUGHTFUL, INTENTIONAL DIALOGUE ABOUT THE ACTIONS WE CAN TAKE TODAY TO ADVANCE POLICY AND SYSTEMS CHANGE ACROSS A BROAD SPECTRUM OF RURAL DEVELOPMENT ISSUES. FINALLY, THROUGH OUR CONNECT CHURCH AND COMMUNITY CONNECT PROGRAMS, WE LOCATE THE POWERFUL INTERSECTION BETWEEN RURAL CHURCH ASSETS AND COMMUNITY OPPORTUNITIES.
ADVOCACY & RESEARCH: THE RURAL CENTER SERVES AS THE STATE'S LEADING ADVOCATE FOR ITS MANY RURAL COMMUNITIES. THE RURAL CENTER PROVIDES LOCAL, REGIONAL, AND STATE LEADERS THE INFORMATION THEY NEED TO...
ADVOCACY & RESEARCH: THE RURAL CENTER SERVES AS THE STATE'S LEADING ADVOCATE FOR ITS MANY RURAL COMMUNITIES. THE RURAL CENTER PROVIDES LOCAL, REGIONAL, AND STATE LEADERS THE INFORMATION THEY NEED TO BE INFORMED ON THE IMPORTANT RURAL ISSUES OF THE DAY. THE RURAL CENTER IDENTIFIES SPECIFIC TOPICS FOR MORE IN-DEPTH EXPLORATION AND PARTNERS WITH EXPERTS TO LIFT UP POLICY AND RESEARCH THAT INFORMS THE DECISIONS OF TODAY AND HELPS PLAN FOR THE CHOICES OF TOMORROW. WITH A VOICE INFORMED BY DATA, RESEARCH, STORYTELLING, AND BEST PRACTICES, THE RURAL CENTER ADVOCATES ON THE LOCAL, STATE, AND FEDERAL LEVELS FOR THE COMPELLING ISSUES FACING RURAL COMMUNITIES: ISSUES LIKE BROADBAND ACCESS, HEALTHCARE, HOUSING, AGRICULTURE, EDUCATION, ENERGY, WORKFORCE DEVELOPMENT, AND INFRASTRUCTURE.
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 | $69,981,334 | $60,678,534 | +0.2% |
| Expenses | $11,635,108 | $13,096,953 | -0.1% |
| Net Income | $58,346,226 | $47,581,581 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| PHIL MARION | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARA CHESTER | VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| YOLANDA TAYLOR | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAULA BENSON | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSE ALVAREZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN AMMANN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDY ANDERSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR ZACHARY BARRICKLOW | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AL BASS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CASEY COOPER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE FAIRCLOTH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LARIZA GARZON | BOARD MEMBER (FROM DEC '24) | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY GORE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE HAWKINS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDOLPH KEATON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BEN KNIGHT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALICE SCHENALL | BOARD MEMBER (TO DEC '24) | 1.00 |
Director
|
$0 | $0 | $0 |
| KIM SHEPHERD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRITTANY BENNETT WESTON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GIL WISE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WEYLING WHITE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER TOLLE WHITESIDE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK WOODIE | PRESIDENT & CEO | 40.00 |
Officer
|
$384,462 | $51,084 | $435,546 |
| CAROLYN RHODES | COO | 40.00 |
Officer
|
$303,879 | $36,358 | $340,237 |
| FRANKLIN T ROBERTS | CFO/ASST TREASURER | 40.00 |
Officer
|
$235,999 | $39,310 | $275,309 |
| JOY STEWART | DIR OF INTERNAL COMPLIANCE AND AUDIT | 40.00 |
Officer
|
$166,252 | $24,810 | $191,062 |
| MISTY HERGET | CHIEF PROGRAMS OFFICER | 40.00 |
Key Emp
|
$213,762 | $32,779 | $246,541 |
| WILLIAM MITCHELL STALLINGS | CHIEF REVENUE OFFICER | 40.00 |
Highest
|
$216,529 | $32,825 | $249,354 |
| ARMEER G KENCHEN | EXEC DIR, CORNERSQUARE LLC | 40.00 |
Highest
|
$215,112 | $40,858 | $255,970 |
| DANIEL MICHAEL | CONTROLLER | 40.00 |
Highest
|
$146,600 | $34,865 | $181,465 |
| ANDREA BREAZEALE | DIR OF HR | 40.00 |
Highest
|
$124,800 | $24,213 | $149,013 |
| WILLIAM HOLMES | SR DIR OF COMMUNICATIONS | 40.00 |
Highest
|
$121,693 | $23,122 | $144,815 |
| JONATHAN BRERETON | EXEC DIR, THREAD CAPITAL (TO AUG '23) | 20.00 |
|
$237,735 | $0 | $237,735 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $69,981,334 | $11,635,108 | $309,058,828 | $58,346,226 |
| 2024 | $60,678,534 | $13,096,953 | $247,445,307 | $47,581,581 |
| 2023 | $21,387,422 | $11,713,020 | $262,359,551 | $9,674,402 |
| 2022 | $11,378,133 | $7,400,388 | $223,566,149 | $3,977,745 |
| 2021 | $47,793,767 | $6,129,181 | $231,001,114 | $41,664,586 |
| 2020 | $5,989,172 | $4,667,786 | $91,820,049 | $1,321,386 |
| 2019 | $7,448,090 | $8,603,886 | $69,830,541 | $-1,155,796 |
| 2018 | $4,615,637 | $3,514,107 | $73,848,242 | $1,101,530 |
Compare RURAL ECONOMIC DEVELOPMENT CENTER INC with other nonprofits in North Carolina and across the country.