FAYETTEVILLE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FAYETTEVILLE CUMBERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.
THE FAYETTEVILLE CUMBERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION WAS FORMED IN DECEMBER 2015 TO ENGAGE IN ECONOMIC DEVELOPMENT ACTIVITIES INTENDED TO REDUCE THE BURDEN ON GOVERNMENT BY INCREASING THE TAX BASE OF THE COMMUNITY AND CREATE NEW JOBS IN THE CITY OF FAYETTEVILLE AND CUMBERLAND COUNTY.
THE ORGANIZATION WORKS TO ATTRACT NEW BUSINESSES AND INDUSTRIES TO THE AREA THUS INCREASING THE TAX BASE AND CREATING NEW JOBS.
THE ORGANIZATION WORKS WITH EXISTING BUSINESSES AND INDUSTRY IN CUMBERLAND COUNTY TO ENSURE THAT THEIR NEEDS RELATED TO OPERATING EFFECTIVELY AND EFFICIENTLY ARE BEING MET BY THE PUBLIC AND PRIVATE...
THE ORGANIZATION WORKS WITH EXISTING BUSINESSES AND INDUSTRY IN CUMBERLAND COUNTY TO ENSURE THAT THEIR NEEDS RELATED TO OPERATING EFFECTIVELY AND EFFICIENTLY ARE BEING MET BY THE PUBLIC AND PRIVATE SECTOR AND TO ASSIST THEM WITH PLANNED EXPANSION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,045,669 | $1,116,231 | -0.1% |
| Expenses | $1,137,825 | $1,042,691 | +0.1% |
| Net Income | $-92,156 | $73,540 | -2.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KATHERYN COX | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIMOTHY BRYANT | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DYMOND SPAIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARL MANING | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSHUA CHOI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MITCH COLVIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIRK DEVIERE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL HEDGEPETH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FERDINAND IRIZARRY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ULYSSES TAYLOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT VAN GEONS | PRESIDENT & CEO | 40.00 |
Officer
|
$211,860 | $26,910 | $238,770 |
| ROB PATTON | EXEC. VICE PRESIDENT | 40.00 |
Officer
|
$133,500 | $3,870 | $137,370 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,045,669 | $1,137,825 | $923,341 | $-92,156 |
| 2024 | No data | No data | No data | No data |
| 2023 | $1,085,561 | $1,055,137 | $1,186,919 | $30,424 |
| 2022 | $1,073,229 | $1,011,972 | $1,237,847 | $61,257 |
| 2021 | $864,146 | $1,099,333 | $364,023 | $-235,187 |
| 2020 | $891,572 | $926,346 | $647,286 | $-34,774 |
| 2019 | $1,048,377 | $955,429 | $636,967 | $92,948 |
| 2018 | $962,512 | $674,792 | $533,956 | $287,720 |
Compare FAYETTEVILLE CUMBERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in North Carolina and across the country.