RUTHERFORD COUNTY ECONOMIC DEVELOP… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

BIRGIT DILGERT

Phone

8282876200

Tax Period

2024-07-01 to 2025-06-30

RUTHERFORD COUNTY ECONOMIC DEVELOPMENT ASSOCIATION is a small nonprofit in the Community Improvement sector that reported $129K in total revenue in fiscal year 2024. The organization ran a surplus of $90K, a strong 70% operating margin.

Mission

TO CULTIVATE ECONOMIC DEVELOPMENT OPPORTUNITIES FOR RUTHERFORD COUNTY.

Program Service Accomplishments

Program 1

Expenses: $38,111 Revenue: $128,547

THE ASSOCIATION RECEIVES DONATIONS FROM LOCAL GOVERNMENTS AND BUSINESSES AND USES THOSE FUNDS TO FURTHER THE ECONOMY IN RUTHERFORD COUNTY, NC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $128,547

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $128,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,111

Other Expenses $38,111

TOTAL EXPENSES $38,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,547	$126,875	+0.0%
Expenses	$38,111	$28,878	+0.3%
Net Income	$90,436	$97,997	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
MARGARET ANNUNZIATA	MEMBER	0.25	Director	$0	$0	$0
ANDY COBB	MEMBER	0.25	Director	$0	$0	$0
DAVID EAKER	MEMBER	0.25	Director	$0	$0	$0
TERRY FOUNTAIN	MEMBER	0.25	Director	$0	$0	$0
STEVE GARRISON	MEMBER	0.25	Director	$0	$0	$0
MIKE GAVIN	TREASURER	0.50	Director	$0	$0	$0
THAD HARRILL	CHAIRMAN	0.50	Director	$0	$0	$0
DALE HATFEILD	MEMBER	0.25	Director	$0	$0	$0
TERRY HINES	CHAIRMAN	0.50	Director	$0	$0	$0
MARIA HUNNICUTT	TREASURER	0.50	Director	$0	$0	$0
BRYAN KING	MEMBER	0.25	Director	$0	$0	$0
NICEL MACIAS	MEMBER	0.25	Director	$0	$0	$0
DAVID SUTTON	MEMBER	0.25	Director	$0	$0	$0
MIKE WALKER	VICE CHAIRMA	0.50	Director	$0	$0	$0
SAMANTHA WALKER	MEMBER	0.25	Director	$0	$0	$0
BIRGIT DILGERT	DIRECTOR	30.00	Officer	$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	$128,547	$38,111	$852,333	$90,436
2024	$126,875	$28,878	$771,022	$97,997
2023	$75,302	$32,656	$653,025	$42,646
2022	$131,037	$29,896	$617,279	$101,141
2021	$156,338	$76,466	$509,238	$79,872
2020	$201,947	$39,317	$429,366	$162,630
2019	$295,688	$174,332	$278,243	$121,356
2018	$315,280	$169,900	$149,816	$145,380

RUTHERFORD COUNTY ECONOMIC DEVELOPMENT ASSOCIATION