ANSON ECONOMIC DEVELOPMENT CORPORATION (EIN 561783235) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

ASHLEY CARTER

Phone

7046906070

Tax Period

2024-07-01 to 2025-06-30

ANSON ECONOMIC DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $952K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $710K, a strong 75% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN ANSON COUNTY, NORTH CAROLINA

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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 (2024)

Revenue Breakdown

Contributions & Grants $683,366

Program Service Revenue $0

Investment Income $268,791

Other Revenue $0

TOTAL REVENUE $952,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,750

Fundraising Expenses $0

Program Expenses $86,730

Other Expenses $121,102

TOTAL EXPENSES $241,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$952,157	$2,118,049	-0.6%
Expenses	$241,852	$439,521	-0.4%
Net Income	$710,305	$1,678,528	-0.6%

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

Independent Members

Employees

Volunteers

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
RANDY COLLINS	EXECUTIVE DI	40.00	Highest	$102,500	$0	$102,500
MICHELLE BROCK	TREASURER	2.00	Officer Director	$0	$0	$0
ASHLEY CARTER	CHAIR	3.00	Officer Director	$0	$0	$0
CHUCK HORNE	VICE-CHAIR/P	2.00	Officer Director	$0	$0	$0
DONALD SCARBOROUGH	DIRECTOR	2.00	Director	$0	$0	$0
JARVIS WOODBURN	DIRECTOR	2.00	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	$952,157	$241,852	$10,894,083	$710,305
2024	$2,118,049	$439,521	$9,420,255	$1,678,528

ANSON ECONOMIC DEVELOPMENT CORPORATION