RESEARCH TRIANGLE REGIONAL PARTNERSHIP

EIN: 561720732

RALEIGH, NC

Total Revenue
$1,180,851
Total Expenses
$1,177,373
Total Assets
$604,107
Net Assets
$438,591
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NC
Principal Officer
RYAN COMBS
Phone
9196702819
Tax Period
2024-07-01 to 2025-06-30

RESEARCH TRIANGLE REGIONAL PARTNERSHIP, founded in 1990, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

THE RESEARCH TRIANGLE REGIONAL PARTNERSHIP IS AN ASSOCIATION OF AREA ECONOMIC DEVELOPMENT AGENCIES DEDICATED TO KEEPING THE RESEARCH TRIANGLE REGION ECONOMICALLY STRONG BY COLLECTIVELY MARKETING THE REGION'S COMPETITIVE ADVANTAGES AND PROVIDING SUPPORT TO AND FACILITATING COLLABORATION AMONG ITS MEMBER INSTITUTIONS AND A WIDE RANGE OF PARTNERS.

Program Service Accomplishments

Program 1

THE RESEARCH TRIANGLE REGIONAL PARTNERSHIP (RTRP) LEADS ECONOMIC DEVELOPMENT FOR THE RESEARCH TRIANGLE REGION OF NORTH CAROLINA. RTRP WORKS TO GENERATE COMPETITIVE ADVANTAGE AND ECONOMIC GROWTH FOR...

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THE RESEARCH TRIANGLE REGIONAL PARTNERSHIP (RTRP) LEADS ECONOMIC DEVELOPMENT FOR THE RESEARCH TRIANGLE REGION OF NORTH CAROLINA. RTRP WORKS TO GENERATE COMPETITIVE ADVANTAGE AND ECONOMIC GROWTH FOR MEMBER COUNTIES AND INVESTORS. MEMBER COUNTIES INCLUDE: CHATHAM, DURHAM, FRANKLIN, GRANVILLE, HARNETT, JOHNSTON, LEE, NASH, ORANGE, PERSON, VANKE, WAKE, WARREN AND WILSON.

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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 $94,344
Program Service Revenue $1,080,802
Investment Income $5,705
Other Revenue $0
TOTAL REVENUE $1,180,851

Expense Breakdown

Grants Paid $0
Salaries & Benefits $348,912
Fundraising Expenses $0
Other Expenses $828,461
TOTAL EXPENSES $1,177,373

Year-over-Year Comparison

2024 2023 Change
Revenue $1,180,851 $1,216,038 0.0%
Expenses $1,177,373 $1,166,985 +0.0%
Net Income $3,478 $49,053 -0.9%
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
53
Independent Members
53
Employees
2
Volunteers
53

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
$234,689
Total Directors
53
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADRIENNE COLE SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN ATKINS PAST CHAIR 1.00
Director
$0 $0 $0
NIMASHEENA BURNS BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
FARAD ALI PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHRIS BELL CHAIRMAN 1.00
Officer Director
$0 $0 $0
ADAM KLEIN CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
JOSHUA FLORIO BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
KAREN HOWARD BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
EDDIE JAGGERS BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
ED ALDRIDGE BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
STEVE BRANTLEY BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
BARBARA FIEDOR BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
WAYNE OUTLAW BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
BRANDY LYNCH BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
PHYLLIS PORTIE-ASCOTT BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
STEPHEN BARRINGTON BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
DR LISA CHAPMAN BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
J ANDREW HAGY BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
ANDREW HOLTON BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
DAN BRUMMITT BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
DON HOBART BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JIM WHITLEY BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
BETH TYNER JONES BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
GREG ETHERIDGE BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
DR SCOTT MCKINNEY BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
KEVIN DOUGHERTY BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
FRANKLIN GOMEZ BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
ALLEN WINSTON BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
SHERRY WILBORN BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
BENJAMIN PATTISON BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
FERDINAND ROUSE BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
GEOFF DURHAM BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JIMMY KEEN BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JENNIFER LANTZ BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JIMMY RANDOLPH BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JAMES H SILLS III BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
KEVIN MCLAUGHLIN BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
LEE STEPHENSON BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
KEVIN WALKER BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
DONNIE OLDHAM BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
CHRIS JOHNSON BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
DEREK CHEN BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
MICHAEL LANDGUTH BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JIMMY GOODMON BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JOHN WARD BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
ANGELENA KEARNEY-DUNLAP BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
BRADY MARTIN BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
NICOLE SHEEDY BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
C MICHAEL SMITH BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
BUZZ CROSBY TREASURER 1.00
Officer Director
$0 $0 $0
RYAN PREBLE BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JACK WIGGINS BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
JOHN WHITE BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
RYAN COMBS EXECUTIVE DIRECTOR 40.00
Officer
$210,325 $24,364 $234,689
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 $1,180,851 $1,177,373 $604,107 $3,478
2024 $1,216,038 $1,166,985 $618,940 $49,053
2023 $1,050,990 $1,063,649 $553,824 $-12,659
2022 $1,034,416 $952,091 $513,999 $82,325
2021 $824,004 $870,157 $381,360 $-46,153
2020 $768,540 $812,943 $465,060 $-44,403
2019 $1,050,323 $1,016,680 $443,507 $33,643
2018 $1,437,826 $1,258,334 $605,363 $179,492
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