DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC (EIN 561932514) - 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

1994

Legal Domicile

Principal Officer

TERRY BRALLEY

Tax Period

2022-07-01 to 2023-06-30

DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $371K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $507K exceeded revenue, resulting in a 37% operating deficit.

Mission

COORDINATE ECONOMIC DEVELOPMENT FOR DAVIE 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $354,480

Program Service Revenue $0

Investment Income $16,646

Other Revenue $0

TOTAL REVENUE $371,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,325

Fundraising Expenses $0

Program Expenses $469,997

Other Expenses $361,045

TOTAL EXPENSES $507,370

Year-over-Year Comparison

	2022	2021	Change
Revenue	$371,126	$469,632	-0.2%
Expenses	$507,370	$533,832	0.0%
Net Income	$-136,244	$-64,200	+1.1%

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

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

$136,561

Total Directors

$136,561

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY BRALLEY	PRESIDENT	40.00	Officer Director	$125,000	$11,561	$136,561
JOSH CLEVELAND	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BLAKLEY	DIRECTOR	1.00	Director	$0	$0	$0
ZACH WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MEADWELL	DIRECTOR	1.00	Director	$0	$0	$0
RICK CROSS	DIRECTOR	1.00	Director	$0	$0	$0
MARK JONES	DIRECTOR	1.00	Director	$0	$0	$0
KEN GAMBLE	DIRECTOR	1.00	Director	$0	$0	$0
WILL MARKLIN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
DAVE EDEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TERRY BUMGARNER	VICE CHARMAN	1.00	Officer Director	$0	$0	$0
CAROLINE MOSER	SECRETARYTREASURER	5.00	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
2023	$371,126	$507,370	$726,311	$-136,244
2020	$697,092	$657,388	$1,316,147	$39,704
2019	$334,022	$355,320	$1,361,265	$-21,298
2018	$378,293	$290,382	$1,128,965	$87,911

DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC