FORSYTH COUNTY DEVELOPMENT CORPORAT

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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

1987

Legal Domicile

Principal Officer

CANTEY ALEXANDER

Phone

0336723895

Tax Period

2020-01-01 to 2020-12-31

Mission

TO RECRUIT NEW BUSINESS AND INDUSTRY TO THE CITY OF WINSTON-SALEM AND FORSYTH COUNTY NORTH CAROLINA THROUGH LEASE HOLDING AND REAL ESTATE DEVELOPMENT.

Program Service Accomplishments

Program 1

IN 2020, FORSYTH COUNTY DEVELOPMENT CORPORATION (FCDC) CONTINUES TO CARRY OUT ITS MISSION OF RECRUITING NEW BUSINESS AND INDUSTRY TO THE CITY OF WINSTON-SALEM AND FORSYTH COUNTY, NORTH CAROLINA. IT'S...

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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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	$11,793	-1.0%
Expenses	N/A	$114,472	-1.0%
Net Income	N/A	$-102,679	N/A

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

Governance

Voting Members

N/A

Independent Members

N/A

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
CANTEY ALEXANDER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
LEIGH C BAGLEY	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH BASCH	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN CHASE	DIRECTOR	N/A	Director	$0	$0	$0
JERRY COOK	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT EGLESTON	DIRECTOR	N/A	Director	$0	$0	$0
DONALD FLOW	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY FLYTHE	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
TODD HALL	DIRECTOR	N/A	Director	$0	$0	$0
G WILLIAM JOYNER III	DIRECTOR	N/A	Director	$0	$0	$0
JOHN WILSON III	DIRECTOR	N/A	Director	$0	$0	$0
TRENT JERNIGAN	DIRECTOR	N/A	Director	$0	$0	$0
J ALLEN JOINES	DIRECTOR	N/A	Director	$0	$0	$0
TED KAPLAN	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN C KOELSCH	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
MIKE LANCASTER	DIRECTOR	N/A	Director	$0	$0	$0
JEFF LINDSAY	DIRECTOR	N/A	Officer Director	$0	$0	$0
JULIE A FREISCHLAG MD	DIRECTOR	N/A	Director	$0	$0	$0
ELWOOD ROBINSON PHD	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL ROGERS	DIRECTOR	N/A	Director	$0	$0	$0
HAP ROYSTER	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT SEWELL	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
DR JANET SPRIGGS	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL SUGGS	DIRECTOR	N/A	Director	$0	$0	$0
LISA VENABLE	DIRECTOR	N/A	Director	$0	$0	$0
KEN WALKER	DIRECTOR	N/A	Director	$0	$0	$0
ROB WELCH	DIRECTOR	N/A	Director	$0	$0	$0
WRENN WELLS	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT E LEAK JR	PRESIDENT	N/A	Officer	$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
2020	No data	No data	No data	No data
2019	$11,793	$114,472	$4,299,894	$-102,679
2018	$510,208	$47,263	$4,405,523	$462,945