SURRY COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC (EIN 561946934) - 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

2006

Legal Domicile

Principal Officer

BLAKE M MOYER

Phone

3364019900

Tax Period

2022-07-01 to 2023-06-30

SURRY COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC, founded in 2006, is a small nonprofit that reported $309K in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $66K, a strong 21% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN SURRY COUNTY, NORTH CAROLINA, BY SUPPORTING EXISTING BUSINESSES AND INDUSTRYSO THEY WILL CONTINUE TO THRIVE AND GROW, AND TO ATTRACT NEW BUSINESSES AND INDUSTRY TO THE AREA.

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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 $308,971

Program Service Revenue $0

Investment Income $442

Other Revenue $0

TOTAL REVENUE $309,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,337

Fundraising Expenses $0

Program Expenses $243,290

Other Expenses $117,953

TOTAL EXPENSES $243,290

Year-over-Year Comparison

	2022	2021	Change
Revenue	$309,413	$352,218	-0.1%
Expenses	$243,290	$317,889	-0.2%
Net Income	$66,123	$34,329	+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

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

Total Directors

Key Employees

$26,752

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF EIDSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
RICHIE PARKER	CHAIRMAN	1.00	Director	$0	$0	$0
PETER PEQUENO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBIN TESTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STEELMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA RADFORD	DIRECTOR	1.00	Director	$0	$0	$0
RANDY COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS LUMSDEN	SECRETARY	1.00	Officer Director	$0	$0	$0
DR MYRA COX	DIRECTOR	1.00	Director	$0	$0	$0
DR DAVID SHOCKLEY	DIRECTOR	1.00	Director	$0	$0	$0
BILL ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PACK	DIRECTOR	1.00	Director	$0	$0	$0
BRENT CORNELISON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA JONES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BALL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BOAZ	DIRECTOR	1.00	Director	$0	$0	$0
JON CAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
SAM HOLDER	DIRECTOR	1.00	Director	$0	$0	$0
DONNA KIGER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HAMMES	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KNOPF	DIRECTOR	1.00	Director	$0	$0	$0
LAURA NEELY	DIRECTOR	1.00	Director	$0	$0	$0
LARRY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DR KIM MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW WOOTEN	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS REEVES	DIRECTOR	1.00	Director	$0	$0	$0
RON SUTPHIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE DINKINS	DIRECTOR	1.00	Director	$0	$0	$0
STAN FARMER	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE MOYER	PRESIDENT	40.00	Key Emp	$26,406	$346	$26,752
TODD TUCKER	PRESIDENT	40.00		$60,718	$1,743	$62,461

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	$309,413	$243,290	$414,477	$66,123
2022	$352,218	$317,889	$353,299	$34,329
2021	$330,728	$317,060	$321,932	$13,668
2020	$315,702	$320,973	$301,379	$-5,271
2019	$326,832	$322,979	$310,513	$3,853
2018	$294,800	$311,325	$298,357	$-16,525

SURRY COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC