Citizens Economic Development Inc

EIN: 581745911 501(c)(3) Community Improvement

Wentworth, NC

Total Revenue
$341,116
Total Expenses
$39,741
Total Assets
$3,524,457
Net Assets
$3,524,457
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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
1987
Legal Domicile
NC
Principal Officer
Bill Lester
Phone
3363428138
Tax Period
2024-07-01 to 2025-06-30

Citizens Economic Development Inc, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $341K in total revenue in fiscal year 2024. Revenue surged 281% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 88% operating margin.

Mission

Economic Development Rockingham County, North 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $340,409
Program Service Revenue $0
Investment Income $707
Other Revenue $0
TOTAL REVENUE $341,116

Expense Breakdown

Grants Paid $100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $33,897
Other Expenses $39,641
TOTAL EXPENSES $39,741

Year-over-Year Comparison

2024 2023 Change
Revenue $341,116 $89,514 +2.8%
Expenses $39,741 $35,064 +0.1%
Net Income $301,375 $54,450 +4.5%
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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
1

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bill Lester Chairman 1.00
Officer
$0 $0 $0
Don Powell 1st Vice Chair 1.00
Officer
$0 $0 $0
Amy Brown 2nd Vice Chair 1.00
Officer
$0 $0 $0
Pam Cundiff Secretary/Treasurer 1.00
Officer
$0 $0 $0
Adam Carroll Board Member 1.00
Director
$0 $0 $0
Bert Bennett Board Member 1.00
Director
$0 $0 $0
John Morrison Board Member 1.00
Director
$0 $0 $0
Josh Cleveland Board Member 1.00
Director
$0 $0 $0
Montana Brown Board Member 1.00
Director
$0 $0 $0
Melody Shuler Board Member 1.00
Director
$0 $0 $0
Sun Breza Board Member 1.00
Director
$0 $0 $0
Amy Roberts Board Member 1.00
Director
$0 $0 $0
Hank Henning Board Member 1.00
Director
$0 $0 $0
Jonathan Jobe Board Member 1.00
Director
$0 $0 $0
Michelle Slaton Board Member 1.00
Director
$0 $0 $0
Micky Silvers Board Member 1.00
Director
$0 $0 $0
Steven Ziglar 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 $341,116 $39,741 $3,524,457 $301,375
2024 $89,514 $35,064 $3,223,082 $54,450
2023 $93,094 $109,658 $3,439,366 $-16,564
2022 $61,166 $68,767 $3,456,679 $-7,601
2021 $178,709 $183,697 $3,464,791 $-4,988
2020 $115,807 $127,142 $3,466,148 $-11,335
2019 $43,793 $228,050 $3,501,181 $-184,257
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