CATAWBA REGIONAL DEVELOPMENT CORPORATION (EIN 570738824) - 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

1983

Legal Domicile

Principal Officer

J RANDALL IMLER

Phone

8033279041

Tax Period

2024-07-01 to 2025-06-30

CATAWBA REGIONAL DEVELOPMENT CORPORATION, founded in 1983, is a small nonprofit that reported $328K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $68K, a strong 21% operating margin.

Mission

ECONOMIC DEVELOPMENT AND JOB PRESERVATION USING VARIOUS FEDERAL AND STATE LOAN PROGRAMS FOR BUSINESS STARTUP, EXPANSION AND WORKING CAPITAL. TO ASSIST LOCAL COMMUNITIES WITH HOUSING AND PROPERTY DEVELOPMENT.

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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 $49,650

Program Service Revenue $59,955

Investment Income $153,433

Other Revenue $64,510

TOTAL REVENUE $327,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,955

Fundraising Expenses $0

Program Expenses $178,505

Other Expenses $131,200

TOTAL EXPENSES $259,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,548	$471,031	-0.3%
Expenses	$259,155	$220,033	+0.2%
Net Income	$68,393	$250,998	-0.7%

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

$178,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J RANDALL IMLER	SECRETARY/TR	40.00	Officer	$0	$0	$178,640
JAMES A BENNETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN BLACKWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD LUMPKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLEY MORABITO	BOARD MEMBER	1.00	Director	$0	$0	$0
DWIGHT V NEESE	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY E POPE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDRENA POWELL-BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
GRIER SANDIFER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STEVE SHERRILL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TURNER	BOARD MEMBER	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	$327,548	$259,155	$3,750,564	$68,393
2024	$471,031	$220,033	$3,846,675	$250,998
2023	$350,245	$327,967	$3,645,577	$22,278
2022	$471,946	$462,208	$3,854,658	$9,738
2021	$562,348	$521,001	$3,494,594	$41,347
2020	$139,473	$241,792	$3,633,094	$-102,319
2019	$1,217,642	$210,049	$13,376,777	$1,007,593
2018	$2,041,064	$2,044,954	$14,971,704	$-3,890

CATAWBA REGIONAL DEVELOPMENT CORPORATION