Summerville, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Dorchester Economic Development Corporation, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $582K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.
DORCHESTER COUNTY ECONOMIC DEVELOPMENT'S MISSION IS TO CREATE AN ENVIRONMENT THAT SUPPORTS NEW BUSINESS GROWTH AND RETENTION ENABLING COMPANIES TO SUCCEED FOR GENERATIONS. IN ADDITION, WE WORK TO STRENGTHEN AND PREPARE OUR COMMUNITY FOR THE FUTURE. THROUGH SUCH EFFORTS, WE AIM TO PROVIDE OUR CITIZENS WITH THE OPPORTUNITIES TO GROW AND PROSPER IN DORCHESTER COUNTY.
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 | $582,030 | $484,935 | +0.2% |
| Expenses | $636,544 | $392,692 | +0.6% |
| Net Income | $-54,514 | $92,243 | -1.6% |
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 |
|---|---|---|---|---|---|---|
| Brad Mallett | Secretary/Treasurer | 1.0 |
Director
|
$0 | $0 | $0 |
| Dr Jim Martin | Chairman | 1.0 |
Director
|
$0 | $0 | $0 |
| Dr Shane Robbins | Ex-Officio | 1.0 |
Director
|
$0 | $0 | $0 |
| Edward Crosby | Councilman | 1.0 |
Director
|
$0 | $0 | $0 |
| Lamont Stevens | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Lauren Bailey | Vice Chairman | 1.0 |
Director
|
$0 | $0 | $0 |
| Mayor Kevin Hart | Appointed Mayor | 1.0 |
Director
|
$0 | $0 | $0 |
| Phyllis Hughes | Ex-Officio | 1.0 |
Director
|
$0 | $0 | $0 |
| Rita Berry | Ex-Officio | 1.0 |
Director
|
$0 | $0 | $0 |
| Saundra Sandy Price | Ex-Officio | 1.0 |
Director
|
$0 | $0 | $0 |
| Stuart Todd Friddle | Councilman | 1.0 |
Director
|
$0 | $0 | $0 |
| Tim Kennedy | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Tony Pope | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Walter Skip Elliott | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $582,030 | $636,544 | $629,846 | $-54,514 |
| 2024 | $484,935 | $392,692 | $679,546 | $92,243 |
| 2023 | $489,055 | $320,286 | $588,553 | $168,769 |
| 2022 | $302,971 | $208,348 | $459,889 | $94,623 |
| 2021 | $170,697 | $161,776 | $325,161 | $8,921 |
| 2020 | $301,185 | $169,350 | $316,240 | $131,835 |
| 2019 | $224,861 | $155,366 | $185,407 | $69,495 |
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