RUTHERFORD COUNTY ECONOMIC DEVELOP… - 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

Principal Officer

BIRGIT DILGERT

Phone

8282876200

Tax Period

2024-07-01 to 2025-06-30

RUTHERFORD COUNTY ECONOMIC DEVELOPMENT CORPORATION is a small nonprofit in the Community Improvement sector that reported $170K in total revenue in fiscal year 2024. Revenue surged 6142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 86% operating margin.

Mission

TO CULTIVATE ECONOMIC DEVELOPMENT OPPORTUNITIES FOR RUTHERFORD COUNTY.

Program Service Accomplishments

Program 1

RECEIVES DONATIONS FROM LOCAL BUSINESSES AND USES THE DONATION TO FURTHER THE ECONOMY DEVELOPMENT AND INDUSTRY GROWTH IN RUTHERFORD COUNTY.

Program 2

Expenses: $23,594

THE ORGANIZATION PURCHASES AND MANAGES SHOVEL READY BUSINESS PARK PROPERTIES WITHIN THE COUNTY AS A MEANS TO CULTIVATE FURTHER ECONOMIC AND INDUSTRIAL GROWTH IN RUTHERFORD COUNTY. COSTS WITHIN THE...

THE ORGANIZATION PURCHASES AND MANAGES SHOVEL READY BUSINESS PARK PROPERTIES WITHIN THE COUNTY AS A MEANS TO CULTIVATE FURTHER ECONOMIC AND INDUSTRIAL GROWTH IN RUTHERFORD COUNTY. COSTS WITHIN THE BUSINESS PARK(S) ARE PAID BY THE ORGANIZATION AND A PORTION IS REIMBURSED BY OTHER BUSINESS PARK PROPERTY OWNERS THROUGH REGIME FEES. PROCEEDS FRPM SALE OF BUSINESS PARK PROPERTY IS REINVESTED AND USED TO CULTIVATE FURTHER ECONOMIC AND INDUSTRIAL DEVELOPMENT.

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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 $167,700

Program Service Revenue $0

Investment Income $0

Other Revenue $2,143

TOTAL REVENUE $169,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,594

Other Expenses $23,594

TOTAL EXPENSES $23,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,843	$2,721	+61.4%
Expenses	$23,594	$9,097	+1.6%
Net Income	$146,249	$-6,376	-23.9%

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

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
MIKE GAVIN	CHAIR	0.50	Director	$0	$0	$0
THAD HARRILL	VICE CHAIR	0.50	Director	$0	$0	$0
TERRY HINES	TREASURER	0.50	Director	$0	$0	$0
MARIA HUNNICUTT	TREASURER	0.50	Director	$0	$0	$0
MIKE WALKER	CHAIR	0.50	Director	$0	$0	$0
BIRGIT DILGERT	DIRECTOR	10.00	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	$169,843	$23,594	$749,072	$146,249
2024	$2,721	$9,097	$601,310	$-6,376
2023	$2,526	$79,855	$608,695	$-77,329
2022	$332,403	$5,433	$685,015	$326,970

RUTHERFORD COUNTY ECONOMIC DEVELOPMENT CORPORATION