Greer Development Corporation (EIN 570965048) - 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

2000

Legal Domicile

Principal Officer

Reno Deaton

Phone

8644160126

Tax Period

2023-01-01 to 2023-12-31

Greer Development Corporation, founded in 2000, is a small nonprofit that reported $306K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $490K exceeded revenue, resulting in a 60% operating deficit.

Mission

advancement & promotion of business interest in Greer through assistance in development efforts & marketing of the community to attract institutions

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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 $294,815

Program Service Revenue $0

Investment Income $11,458

Other Revenue $0

TOTAL REVENUE $306,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,674

Fundraising Expenses $0

Program Expenses $466,013

Other Expenses $278,891

TOTAL EXPENSES $489,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$306,273	$619,503	-0.5%
Expenses	$489,565	$655,338	-0.3%
Net Income	$-183,292	$-35,835	+4.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J Reno Deaton	Exec Dir	40.00	Highest	$0	$0	$0
Mike Richard	Director	1.00	Director	$0	$0	$0
Wryley Bettis	Chairman	2.00	Director	$0	$0	$0
Andy Merriman	Director	1.00	Director	$0	$0	$0
Brian Martin	Vice Chairman	1.00	Director	$0	$0	$0
Philippe Barreaud	Director	1.00	Director	$0	$0	$0
Kevin Duncan	Treasurer	2.00	Director	$0	$0	$0
Gene Gibson	Director	1.00	Director	$0	$0	$0
Greg Hall	Director	1.00	Director	$0	$0	$0
Tony Kouskolekas	Director	1.00	Director	$0	$0	$0
John Mansure	Director	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
2024	No data	No data	No data	No data
2023	$306,273	$489,565	$310,276	$-183,292
2022	$619,503	$655,338	$494,852	$-35,835
2021	$598,078	$528,877	$558,027	$69,201
2020	$520,122	$441,458	$504,874	$78,664

Greer Development Corporation