FAYETTEVILLE CUMBERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 810801545) - 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

2015

Legal Domicile

Principal Officer

ROBERT M VAN GEONS

Phone

9106787648

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

TO ENGAGE IN ECONOMIC DEVELOPMENT ACTIVITIES INTENDED TO REDUCE THE BURDEN ON GOVERNMENT

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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 $0

Program Service Revenue $1,038,183

Investment Income $7,486

Other Revenue $0

TOTAL REVENUE $1,045,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $702,725

Fundraising Expenses $0

Other Expenses $435,100

TOTAL EXPENSES $1,137,825

Year-over-Year Comparison

	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%

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

$376,140

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

FAYETTEVILLE CUMBERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION