GREENVILLE LOCAL DEVELOPMENT CORPORATION (EIN 570704763) - 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

1979

Legal Domicile

Principal Officer

MIKE PANASKO

Phone

8644674573

Tax Period

2023-07-01 to 2024-06-30

GREENVILLE LOCAL DEVELOPMENT CORPORATION, founded in 1979, is a small nonprofit that reported $651K in total revenue in fiscal year 2023. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $356K, a strong 55% operating margin.

Mission

THE CORPORATION'S PURPOSE IS TO FURTHER THE ECONOMIC DEVELOPMENT OF THE CITY OF GREENVILLE BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS PARTICULARLY SMALL BUSINESSES WITHIN THE INCORPORATED LIMITS OF THE CITY.

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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 $100,000

Investment Income $107,145

Other Revenue $443,808

TOTAL REVENUE $650,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $800

Program Expenses $293,852

Other Expenses $294,652

TOTAL EXPENSES $294,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$650,953	$255,894	+1.5%
Expenses	$294,652	$258,963	+0.1%
Net Income	$356,301	$-3,069	-117.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BARNETT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MELANIE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ANNE ELLEFSON	DIRECTOR	1.00	Director	$0	$0	$0
KYLIE FELKER	DIRECTOR	1.00	Director	$0	$0	$0
MARCHIE HEPNER	DIRECTOR	1.00	Director	$0	$0	$0
JULIO HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KURTZ	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MICKEL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PANASKO	ASST SEC/TRE	1.00	Officer Director	$0	$0	$0
PETER WALDSCHMIDT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
BOGUE WALLIN	VICE CHAIRMA	1.00	Officer 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	$650,953	$294,652	$9,057,536	$356,301
2023	$255,894	$258,963	$8,701,235	$-3,069
2022	$3,040,133	$172,412	$8,704,304	$2,867,721
2021	$414,171	$235,120	$5,836,583	$179,051
2020	$578,011	$329,379	$5,689,332	$248,632
2019	$938,754	$342,455	$5,408,900	$596,299
2018	$94,323	$74,540	$4,812,601	$19,783

GREENVILLE LOCAL DEVELOPMENT CORPORATION