EDENTON-CHOWAN PARTNERSHIP INC (EIN 561978763) - 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

1996

Legal Domicile

Principal Officer

JOHN DOWD

Phone

2524822007

Tax Period

2024-01-01 to 2024-12-31

EDENTON-CHOWAN PARTNERSHIP INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $112K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $157K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE MISSION OF THE EDENTON-CHOWAN PARTNERSHIP IS TO IMPROVE THE QUALITY OF LIFE FOR ALL OF THE CITIZENS OF THE TOWN OF EDENTON AND CHOWAN COUNTY BY FACILITATING ECONOMIC DEVELOPMENT, FOSTERING IMPROVEMENTS TO EDUCATION AND WORKFORCE DEVELOPMENT, AND PROMOTING TOURISM AND RETIREE RELOCATION.

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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 $112,280

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $112,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,338

Fundraising Expenses $0

Program Expenses $144,440

Other Expenses $110,678

TOTAL EXPENSES $157,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,280	$77,644	+0.4%
Expenses	$157,016	$88,803	+0.8%
Net Income	$-44,736	$-11,159	+3.0%

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
ROLAND VAUGHAN	MEMBER	0.05	Director	$0	$0	$0
CURTIS ROTAN	MEMBER	0.05	Director	$0	$0	$0
BOB KIRBY	SECRETARY	0.25	Officer Director	$0	$0	$0
DONNA WINBORNE	TREASURER	0.25	Officer Director	$0	$0	$0
JOHN DOWD	CHAIR	0.50	Officer Director	$0	$0	$0
BOB QUINN	MEMBER	0.05	Director	$0	$0	$0
HACKNEY HIGH JR	MEMBER	0.05	Director	$0	$0	$0
JOE WACH	MEMBER	0.05	Director	$0	$0	$0
SEAN TUNNEY	MEMBER	0.05	Director	$0	$0	$0
BRIAN WHITE	MEMBER	0.05	Director	$0	$0	$0
MIKE ADAMS	VICE CHAIR	0.25	Officer Director	$0	$0	$0
PATTI KERSEY	MEMBER	0.05	Director	$0	$0	$0
SIMON RICH III	MEMBER	0.05	Director	$0	$0	$0
LARRY MCLAUGHLIN	MEMBER	0.05	Director	$0	$0	$0
BJ POTTS	MEMBER	0.05	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
2024	$112,280	$157,016	$1,002,945	$-44,736
2023	$77,644	$88,803	$1,042,558	$-11,159
2023	$77,644	$88,803	$1,042,558	$-11,159
2022	$204,388	$88,347	$1,065,460	$116,041
2021	$109,791	$104,952	$941,874	$4,839
2020	$29,799	$116,786	$1,487,777	$-86,987
2020	$27,652	$116,886	$935,529	$-89,234
2019	$116,830	$90,786	$989,116	$26,044
2019	$118,198	$90,786	$1,541,364	$27,412
2018	$93,158	$125,646	$1,512,180	$-32,488

EDENTON-CHOWAN PARTNERSHIP INC