Central Carolina Economic Developm… - Form 990 Financial Data

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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

1994

Legal Domicile

Phone

8037331134

Tax Period

2024-07-01 to 2025-06-30

Central Carolina Economic Development Alliance, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.9M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE ALLIANCE STIMULATES ECONOMIC EXPANSION AND FACILITATES JOB CREATION BY PROMOTING CENTRAL SOUTH CAROLINA AS A VALUABLE LOCATION FOR BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $2,397,662

THE ALLIANCE IS ORGANIZED TO ENCOURAGE ECONOMIC DEVELOPMENT CENTRAL SOUTH CAROLINA BY ASSISTING THE SURROUNDING COUNTIES IN THE FORMULATION AND PROMOTION OF PROGRAMS TO ACHIEVE THIS.

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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 $2,426,956

Program Service Revenue $0

Investment Income $8,014

Other Revenue $-74,650

TOTAL REVENUE $2,360,320

Expense Breakdown

Grants Paid $325,000

Salaries & Benefits $866,764

Fundraising Expenses $143,815

Program Expenses $2,397,662

Other Expenses $1,661,150

TOTAL EXPENSES $2,852,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,360,320	$2,099,339	+0.1%
Expenses	$2,852,914	$2,086,111	+0.4%
Net Income	$-492,594	$13,228	-38.2%

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

$230,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT STEWART JR	VICE CHAIR	1.0	Officer Director	$0	$0	$0
MARK SCRIVEN	CHAIR OF FINANCE	1.0	Officer Director	$0	$0	$0
MATTHEW SHAFFER	CHAIR	1.0	Officer Director	$0	$0	$0
TUSHAR CHIKHLIKER	VICE CHAIR, CHAIR-ELECT	1.0	Officer Director	$0	$0	$0
ANTHONY JACKSON	BOARD MEMBER	1.0	Director	$0	$0	$0
ANTON GUNN	BOARD MEMBER	1.0	Director	$0	$0	$0
BACON BRUCE	BOARD MEMBER	1.0	Director	$0	$0	$0
BETH CARRIGG	BOARD MEMBER	1.0	Director	$0	$0	$0
BOB QUINN	BOARD MEMBER	1.0	Director	$0	$0	$0
BOB RUFF	BOARD MEMBER	1.0	Director	$0	$0	$0
BRAD NEESE	BOARD MEMBER	1.0	Director	$0	$0	$0
EVA NANCE	BOARD MEMBER	1.0	Director	$0	$0	$0
GEOFFREY LEWIS	BOARD MEMBER	1.0	Director	$0	$0	$0
GREGORY LITTLE	BOARD MEMBER	1.0	Director	$0	$0	$0
HOLT CHETWOOD	BOARD MEMBER	1.0	Director	$0	$0	$0
HOPE RIVERS	BOARD MEMBER	1.0	Director	$0	$0	$0
JAMES HAIGLER	BOARD MEMBER	1.0	Director	$0	$0	$0
JESICA MACKEY	BOARD MEMBER	1.0	Director	$0	$0	$0
JOESPH TRAINOR	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHNNIE WRIGHT SR	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHNNY RAVENELL	BOARD MEMBER	1.0	Director	$0	$0	$0
KEVIN WERNER	BOARD MEMBER	1.0	Director	$0	$0	$0
MANDY BRAWLEY	BOARD MEMBER	1.0	Director	$0	$0	$0
MERLE JOHNSON	BOARD MEMBER	1.0	Director	$0	$0	$0
PETER BROWN	BOARD MEMBER	1.0	Director	$0	$0	$0
SHAUN RANDALL	BOARD MEMBER	1.0	Director	$0	$0	$0
STEPHEN CUTLER	BOARD MEMBER	1.0	Director	$0	$0	$0
TERRANCE FORD	BOARD MEMBER	1.0	Director	$0	$0	$0
TODD JOHNSON	BOARD MEMBER	1.0	Director	$0	$0	$0
WALT TOBIN	BOARD MEMBER	1.0	Director	$0	$0	$0
WARREN DARBY JR	BOARD MEMBER	1.0	Director	$0	$0	$0
WILL BRENNAN	BOARD MEMBER	1.0	Director	$0	$0	$0
JASON GIULLIETI	PRESIDENT	40.0	Officer	$230,000	$0	$230,000
Stephen Roddey	Vice President of Business Recruitment	40.0	Highest	$116,725	$0	$116,725

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	$2,360,320	$2,852,914	$3,324,112	$-492,594
2024	$2,099,339	$2,086,111	$4,045,273	$13,228
2023	$2,238,552	$1,913,679	$4,064,711	$324,873
2022	$1,991,881	$1,712,692	$3,347,503	$279,189
2021	$2,043,235	$1,541,729	$3,162,679	$501,506
2020	$1,963,245	$1,941,347	$2,716,865	$21,898
2019	$2,017,120	$2,077,142	$2,619,262	$-60,022
2018	$2,122,983	$1,918,464	$2,674,228	$204,519

Central Carolina Economic Development Alliance