ECONOMIC DEVELOPMENT PARTNERSHIP (EIN 570787606) - 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

1984

Legal Domicile

Principal Officer

WILLSON M WILLIAMS

Phone

8036413300

Tax Period

2024-07-01 to 2025-06-30

ECONOMIC DEVELOPMENT PARTNERSHIP, founded in 1984, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN AIKEN AND EDGEFIELD COUNTIES IN SOUTH 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 (2024)

Revenue Breakdown

Contributions & Grants $2,856,501

Program Service Revenue $21,417

Investment Income $117,424

Other Revenue $0

TOTAL REVENUE $2,995,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $547,858

Fundraising Expenses $0

Program Expenses $3,974,231

Other Expenses $3,635,544

TOTAL EXPENSES $4,183,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,995,342	$4,910,162	-0.4%
Expenses	$4,183,402	$4,244,709	0.0%
Net Income	$-1,188,060	$665,453	-2.8%

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

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

$229,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR WILLSON M WILLIAMS FOOTNOTE	PRESIDENT & CEO	59.00	Officer	$189,002	$40,913	$229,915
MR GARY STOOKSBURRY	CHAIRMAN OF THE BOARD	0.30	Officer Director	$0	$0	$0
MR ERNEST DUNCAN	TREASURER	0.30	Officer Director	$0	$0	$0
DR ROBERT E ALEXANDER	SECRETARY	0.30	Officer Director	$0	$0	$0
MR RICHARD M PENDARVIS	VICE CHAIRMAN - EDGEFIELD	0.30	Officer Director	$0	$0	$0
MR E LELAND REYNOLDS	VICE CHAIRMAN - AIKEN	0.30	Officer Director	$0	$0	$0
MR BRETT BRANNON	BOARD MEMBER	0.30	Director	$0	$0	$0
MRS MARY DERRICK	BOARD MEMBER	0.30	Director	$0	$0	$0
MR DARA VGLASS	BOARD MEMBER	0.30	Director	$0	$0	$0
MR BILLY HHOLLEY JR	BOARD MEMBER	0.30	Director	$0	$0	$0
MR STUART MACVEAN	BOARD MEMBER	0.30	Director	$0	$0	$0
MR WILLIAM MCGHEE JR	BOARD MEMBER	0.30	Director	$0	$0	$0
MR JOHN PETTIGREW	BOARD MEMBER	0.30	Director	$0	$0	$0
MR CLAYTON QUATTLEBAUM	BOARD MEMBER	0.30	Director	$0	$0	$0
MR GREG RYBERG	BOARD MEMBER	0.30	Director	$0	$0	$0
MR TILLMAN SAULS	BOARD MEMBER	0.30	Director	$0	$0	$0
MR SCOTT SINGER	BOARD MEMBER	0.30	Director	$0	$0	$0
MR ERIC THOMPSON	BOARD MEMBER	0.30	Director	$0	$0	$0
MR SCOTT TINDAL	BOARD MEMBER	0.30	Director	$0	$0	$0
MR MIKE UHLE	BOARD MEMBER	0.30	Director	$0	$0	$0
MS SHARON WALL	BOARD MEMBER	0.30	Director	$0	$0	$0
MR MARK WARNER	BOARD MEMBER	0.30	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	$2,995,342	$4,183,402	$8,790,653	$-1,188,060
2024	$4,910,162	$4,244,709	$9,526,213	$665,453
2023	$3,403,695	$2,316,341	$8,860,760	$1,087,354
2022	$4,891,813	$3,474,457	$6,749,200	$1,417,356
2021	$2,441,747	$4,679,575	$5,344,631	$-2,237,828
2020	$2,594,492	$2,020,015	$9,501,816	$574,477
2019	$2,432,576	$1,821,107	$9,321,972	$611,469
2018	$2,293,132	$2,376,096	$9,853,722	$-82,964

ECONOMIC DEVELOPMENT PARTNERSHIP