CHATHAM COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 562048401) - 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

1997

Legal Domicile

Principal Officer

C MICHAEL SMITH

Phone

9195428274

Tax Period

2024-07-01 to 2025-06-30

CHATHAM COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $609K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $703K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO COORDINATE AND PROMOTE ECONOMIC DEVELOPMENT, CREATING GOOD PAYING JOBS, INCREASING THE COMMERCIAL TAX BASE, AND IMPROVING THE STANDARD OF LIVING FOR COUNTY RESIDENTS.

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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 $585,070

Program Service Revenue $0

Investment Income $23,027

Other Revenue $1,234

TOTAL REVENUE $609,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $440,796

Fundraising Expenses $0

Program Expenses $465,580

Other Expenses $261,803

TOTAL EXPENSES $702,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$609,331	$532,388	+0.1%
Expenses	$702,599	$648,220	+0.1%
Net Income	$-93,268	$-115,832	-0.2%

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

$178,727

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C MICHAEL SMITH	PRESIDENT	40.00	Officer	$153,000	$25,727	$178,727
CHREATHA ALSTON	DIRECTOR	0.50	Director	$0	$0	$0
SALLY ROMERO-TORRES	DIRECTOR	0.50	Director	$0	$0	$0
SHANNON BECKER	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
DEBBIE ANDLETON	DIRECTOR	0.50	Director	$0	$0	$0
ANTONIO MCBROOM	CHAIR	0.50	Officer Director	$0	$0	$0
JENNIFER PLATT	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE TERRY	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN KING-GAINES	DIRECTOR	0.50	Director	$0	$0	$0
DAVID MCGREGOR	DIRECTOR	0.50	Director	$0	$0	$0
ALLISON BOLIN	DIRECTOR	0.50	Director	$0	$0	$0
JERRY HUDSON	DIRECTOR	0.50	Director	$0	$0	$0
TRAVIS KOSOSKI	DIRECTOR	0.50	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
2025	$609,331	$702,599	$1,207,639	$-93,268
2024	No data	No data	No data	No data
2023	$519,154	$534,387	$1,378,829	$-15,233
2022	$1,328,079	$692,724	$1,387,229	$635,355
2021	$396,635	$451,016	$874,185	$-54,381
2020	$431,985	$467,645	$930,074	$-35,660

CHATHAM COUNTY ECONOMIC DEVELOPMENT CORPORATION