Civic Intelligence

Salisbury-Rowan Economic

EIN 56-1442745 • 501(c)4 • Salisbury, NC

Profile

To promote economic and industrial development in rowan county, nc.

204 East Innes StreetSalisbury, NC 28144

www.rowanworks.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.00x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

13th percentile

-17%

Higher net margin than 13% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$208,317

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

8th percentile

-30%

Faster asset growth than 8% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-1.5%

Faster revenue growth than 28% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$467,256

Down $204,163 (-30%) from 2023

Liabilities

Down

$2,069

Down $441 (-18%) from 2023

Net Assets

Down

$465,187

Down $203,722 (-30%) from 2023

Revenue

Down

$1,164,833

Down $17,795 (-1.5%) from 2023

Expenses

Up

$1,368,555

Up $262,324 (+24%) from 2023

Net Income

Down

-$203,722

Down $280,119 (-367%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $454,337Liabilities 2011: $0Net Assets 2011: $454,3372011Assets 2012: $423,668Liabilities 2012: $0Net Assets 2012: $423,6682012Assets 2013: $482,573Liabilities 2013: $0Net Assets 2013: $482,5732013Assets 2014: $428,996Liabilities 2014: $0Net Assets 2014: $428,9962014Assets 2015: $578,799Liabilities 2015: $0Net Assets 2015: $578,7992015Assets 2016: $572,718Liabilities 2016: $0Net Assets 2016: $572,7182016Assets 2017: $520,482Liabilities 2017: $0Net Assets 2017: $520,4822017Assets 2018: $521,239Liabilities 2018: $0Net Assets 2018: $521,2392018Assets 2019: $574,857Liabilities 2019: $0Net Assets 2019: $574,8572019Assets 2020: $340,059Liabilities 2020: $3,813Net Assets 2020: $336,2462020Assets 2021: $483,390Liabilities 2021: $410Net Assets 2021: $482,9802021Assets 2022: $595,021Liabilities 2022: $2,509Net Assets 2022: $592,5122022Assets 2023: $671,419Liabilities 2023: $2,510Net Assets 2023: $668,9092023Assets 2024: $467,256Liabilities 2024: $2,069Net Assets 2024: $465,1872024

Highlighted filing

2024

Assets$467,256
Liabilities$2,069
Net Assets$465,187

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $487,830Expenses 2011: $521,351Net Income 2011: -$33,5212011Revenue 2012: $420,232Expenses 2012: $450,901Net Income 2012: -$30,6692012Revenue 2013: $531,491Expenses 2013: $472,586Net Income 2013: $58,9052013Revenue 2014: $514,400Expenses 2014: $567,977Net Income 2014: -$53,5772014Revenue 2015: $765,654Expenses 2015: $615,851Net Income 2015: $149,8032015Revenue 2016: $596,753Expenses 2016: $602,834Net Income 2016: -$6,0812016Revenue 2017: $637,654Expenses 2017: $689,890Net Income 2017: -$52,2362017Revenue 2018: $790,851Expenses 2018: $790,094Net Income 2018: $7572018Revenue 2019: $935,305Expenses 2019: $881,687Net Income 2019: $53,6182019Revenue 2020: $885,306Expenses 2020: $1,123,917Net Income 2020: -$238,6112020Revenue 2021: $615,272Expenses 2021: $490,899Net Income 2021: $124,3732021Revenue 2022: $1,162,948Expenses 2022: $1,053,416Net Income 2022: $109,5322022Revenue 2023: $1,182,628Expenses 2023: $1,106,231Net Income 2023: $76,3972023Revenue 2024: $1,164,833Expenses 2024: $1,368,555Net Income 2024: -$203,7222024

Highlighted filing

2024

Revenue$1,164,833
Expenses$1,368,555
Net Income-$203,722

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.00$0.47$1.16$1.37$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.00$0.67$1.18$1.11$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.59$1.16$1.05$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.00$0.48$0.62$0.49$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.00$0.34$0.89$1.12$0.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.94$0.88$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.00$0.52$0.79$0.79$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$0.64$0.69$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.60$0.60$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.77$0.62$0.15
2014Summary only. Only limited summary data is available for this year.$0.43$0.00$0.43$0.51$0.57$0.05
2013Summary only. Only limited summary data is available for this year.$0.48$0.00$0.48$0.53$0.47$0.06
2012Summary only. Only limited summary data is available for this year.$0.42$0.00$0.42$0.42$0.45$0.03
2011Summary only. Only limited summary data is available for this year.$0.45$0.00$0.45$0.49$0.52$0.03
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$935,305
Mission and Program Overview

Mission

Promoting economic and industrial development in rowan county, north carolina

To promote economic and industrial development in rowan county, nc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$397,743$544,166▲ $146,423
Land, Buildings, and Equipment, Net$14,553$18,920▲ $4,367
Cash and Non-Interest-Bearing Accounts$108,943$11,771▼ $97,172
Total Assets$521,239$574,857▲ $53,618
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$399,482$423,580▲ $24,098
Temporarily Rstr Net Assets$121,757$151,277▲ $29,520
Total Net Assets Fund Balance$521,239$574,857▲ $53,618
Total Liabilities and Net Assets / Fund Balance$521,239$574,857▲ $53,618

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,920$30,894$49,814
Leasehold Improvements-$22,000$22,000
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Rodney a CriderPresident an$176,285$27,803$204,088
Rodney a CriderPresident and CEO$153,635$50,453$204,088

Board Members and Trustees

NameTitle
Bryan OvercashChairman
Matt BarrVice-chairma
Breck DortonBoard Member
Darise D CaldwellBoard Member
Greg M AndersonBoard Member
Lynn MoodyBoard Member
Rick L HudsonBoard Member
Tim ProperBoard Member
Denise a HallettSecretary
Dan PetersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$920,565
Program Service Revenue
$0
Investment Income
$4,166
Other Revenue
$10,574
All Other Contributions
$69,859
Change in Net Assets
$53,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$935,305
Total Revenue per Audited Statements
$935,305
Total Revenue per Form 990
$935,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$544,094
Other Expenses$311,708
Grants and Similar Amounts Paid$25,885
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$244,835--$244,835
Current Officers, Directors, Trustees, and Key Employees$176,285--$176,285
Other Employee Benefits$47,306--$47,306
Pension Plan Contributions$44,849--$44,849
Payroll Taxes$30,819--$30,819
All Other Expenses$29,208--$29,208
Occupancy$26,958--$26,958
Advertising$26,799--$26,799
Grants to Domestic Orgs$25,885--$25,885
Travel$24,688--$24,688
Fees for Services Other$23,729--$23,729
Information Technology$14,314--$14,314
Other Expenses$12,570--$12,570
Office Expenses$10,286--$10,286
Conferences and Meetings$9,952--$9,952
Fees for Services Accounting$5,182--$5,182
Depreciation Depletion$4,838--$4,838
Insurance$3,914--$3,914
Total Functional Expenses$881,687$0$0$881,687

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$881,687
Total Expenses per Audited Statements$881,687
Total Expenses per Form 990$881,687
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New York Air Brake--Pass Thru Incentive$20,500
Withers Ravenel--Pass Thru Incentive$5,385
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Appointed by various govertmental entities which comprise the members of the organization.

Form 990, Page 6, Part VI, Line 11B

Reviewed by treasurer prior to filing

Form 990, Page 6, Part VI, Line 12C

Board memebers sign agreement to disclose any confict when assume position.

Form 990, Page 6, Part VI, Line 15A

YES

Form 990, Page 6, Part VI, Line 15B

YES

Form 990, Page 6, Part VI, Line 19

ON REQUEST

Filing and Contact Details

Filer

Filer Name
Salisbury-rowan Economic
EIN
56-1442745
Phone
7046375526
Address
204 EAST INNES STREET, SALISBURY, NC 28144

Signing Officer

Name
Rodney a Crider
Title
President and CEO
Phone
7046375526
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rodney a Crider
Formed
1984
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
4

Preparer

Firm
Sherrill & Smith Cpas Pa
Address
PO BOX 1327, SALISBURY, NC 28145-1327
Preparer
J R Driscoll Jr
Phone
7046365211
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Economic and industrial development in rowan county, nc.

Raw XML AppendixShowing 400 of 408 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1APPOINTED BY VARIOUS GOVERTMENTAL ENTITIES WHICH COMPRISE THE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY TREASURER PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMEBERS SIGN AGREEMENT TO DISCLOSE ANY CONFICT WHEN ASSUME POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5YES
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0399482
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0204 EAST INNES ST
IRS990/USAddress/CityNm0SALISBURY
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IRS990/WebsiteAddressTxt0HTTP://WWW.ROWANEDC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RODNEY A CRIDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07046375526
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SALISBURY-ROWAN ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT COMMISSION
ReturnHeader/Filer/BusinessNameControlTxt0SALI
ReturnHeader/Filer/EIN0561442745
ReturnHeader/Filer/PhoneNum07046375526
ReturnHeader/Filer/USAddress/AddressLine1Txt0204 EAST INNES STREET
ReturnHeader/Filer/USAddress/CityNm0SALISBURY
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ReturnHeader/Filer/USAddress/ZIPCd028144
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0634D73D05B1E1D878425190530C07DF86F51BEA5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0634D73D05B1E1D878425190530C07DF86F51BEA5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.57.249.38
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:18:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562156279
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHERRILL & SMITH CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1327
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0281451327

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