WILLIAMSTON, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MARTIN COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $380K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 38% operating margin.
TO PROMOTE ECONOMIC DEVELOPMENT WITHIN MARTIN COUNTY, NORTH CAROLINA AND SURROUNDING AREAS.
BUSINESS SUPPORT AND INDUSTRIAL RECRUITMENT INCLUDES COST OF PROVIDING LEASED SPACE TO EXISTING INDUSTRY, COST OF REHABILITATING EXISTING FACILITY FOR NEW INDUSTRY, SOFT COST OF NEW SHELL BUILDING...
BUSINESS SUPPORT AND INDUSTRIAL RECRUITMENT INCLUDES COST OF PROVIDING LEASED SPACE TO EXISTING INDUSTRY, COST OF REHABILITATING EXISTING FACILITY FOR NEW INDUSTRY, SOFT COST OF NEW SHELL BUILDING AND INCENTIVES TO NEW INDUSTRY.
BUSINESS AND TECHNOLOGY CENTER INCLUDES PROVIDING INCUBATOR SPACE FOR SMALL BUSINESS AND ACCESS TO ADVANCED TECHNOLOGIES TO AREA BUSINESS, THE PUBLIC, AND AREA SCHOOLS. ALSO PROVIDES OFFICE SPACE TO...
BUSINESS AND TECHNOLOGY CENTER INCLUDES PROVIDING INCUBATOR SPACE FOR SMALL BUSINESS AND ACCESS TO ADVANCED TECHNOLOGIES TO AREA BUSINESS, THE PUBLIC, AND AREA SCHOOLS. ALSO PROVIDES OFFICE SPACE TO FEDERAL, STATE, AND LOCAL GOVERNMENT ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $379,980 | $253,673 | +0.5% |
| Expenses | $237,446 | $212,947 | +0.1% |
| Net Income | $142,534 | $40,726 | +2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SARAH SPROAT | BOARD CHAIR | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| LARRY BIGGS | VICE CHAIRMA | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| HANK WINSLOW | SECRETARY | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| GRIF TAYLOR | ASSISTANT SE | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| BUTCH WHITLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RENEE PURVIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID GURGANUS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIE BROWN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGIE GRIFFIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GRAY COREY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MELVIN BOWEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE BIGGS | PRESIDENT/CE | 40.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $379,980 | $237,446 | $2,087,140 | $142,534 |
| 2023 | $253,673 | $212,947 | $1,956,605 | $40,726 |
| 2022 | $234,468 | $219,193 | $1,786,300 | $15,275 |
| 2021 | $273,295 | $229,644 | $1,779,076 | $43,651 |
| 2020 | $205,096 | $290,380 | $1,734,390 | $-85,284 |
Compare MARTIN COUNTY ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in North Carolina and across the country.