DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC

EIN: 561932514 501(c)(3) Community Improvement

MOCKSVILLE, NC

Total Revenue
$371,126
Total Expenses
$507,370
Total Assets
$726,311
Net Assets
$722,478
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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
NC
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

Program Service Accomplishments

Program 1
Expenses: $469,997

ADVISORY COUNCIL TO LOCAL GOVERNMENTS IN THE FORMULATION OF FORMAL RECOMMENDATIONS AS TO GOALS AND OBJECTIVES FOR THE OVERALL ECONOMIC DEVELOPMENT OF DAVIE COUNTY

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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 (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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Governance

Voting Members
14
Independent Members
14
Employees
2
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
4
$136,561
Total Directors
14
$136,561
Key Employees
0
$0
Highest Compensated
0
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
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