NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION (EIN 566093438) - 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

1995

Legal Domicile

Principal Officer

JOANNA HELMS

Phone

8882462332

Tax Period

2023-07-01 to 2024-06-30

NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION, founded in 1995, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023.

Mission

THE ASSOCIATION IS A STATEWIDE ASSOCIATION OF PROFESSIONAL ECONOMIC DEVELOPERS AND THEIR ALLIES IN NORTH CAROLINA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,012,769

Investment Income $17,349

Other Revenue $1,681

TOTAL REVENUE $1,031,799

Expense Breakdown

Grants Paid $165,309

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,008,776

Other Expenses $909,133

TOTAL EXPENSES $1,074,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,031,799	$993,326	+0.0%
Expenses	$1,074,442	$914,258	+0.2%
Net Income	$-42,643	$79,068	-1.5%

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

N/A

Volunteers

150

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
CHRIS PLATE	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOANNA HELMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY LANIER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN NANCE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KELLY ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY DOWNS	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY BRADY	DIRECTOR	1.00	Director	$0	$0	$0
CLARK DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
CARL REES	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE LENNON	DIRECTOR	1.00	Director	$0	$0	$0
TODD TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PRUETT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CHUNG	EX-OFFICIO	1.00	Director	$0	$0	$0
THE HONORABLE MACHELLE SANDERS	EX-OFFICIO	1.00	Director	$0	$0	$0
PATRICIA MITCHELL	EX-OFFICIO	1.00	Director	$0	$0	$0
SCOTT HAMILTON	EX-OFFICIO	1.00	Director	$0	$0	$0
LIZ DOBBINS-SMITH	EX-OFFICIO	1.00	Director	$0	$0	$0
ELIZABETH UNDERWOOD	EX-OFFICIO	1.00	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	No data	No data	No data	No data
2024	$1,031,799	$1,074,442	$591,315	$-42,643
2023	$993,326	$914,258	$633,958	$79,068
2022	$1,000,858	$858,736	$554,890	$142,122
2021	$532,597	$543,346	$412,768	$-10,749
2020	$514,407	$490,299	$423,517	$24,108

NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION