Civic Intelligence

Rutherford County Economic Development Association

990 • Fiscal year 2025 • EIN 81-5406671

Jul 01, 2024 to Jun 30, 2025 • Filed on Dec 15, 2025

Organization Profile
142 E Main StForest City, NC 28043

(828) 287-6200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.01x

Higher debt load relative to assets than 38% of similar nonprofits.

2025 filings • NTEE S • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

61st percentile

0.08x

Higher debt load relative to revenue than 61% of similar nonprofits.

2025 filings • NTEE S • $500k-$1M nonprofits • Source year 2025

Net Margin

92nd percentile

70%

Higher net margin than 92% of similar nonprofits.

2025 filings • NTEE S • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2025 filings • NTEE S • $500k-$1M nonprofits • Source year 2025

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

2025 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

46th percentile

1.3%

Faster revenue growth than 46% of similar nonprofits.

2025 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$852,333

Up $81,311 (+11%) from 2024

Net Assets

Up

$841,458

Up $90,436 (+12%) from 2024

Liabilities

Down

$10,875

Down $9,125 (-46%) from 2024

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin92nd percentile

Revenue

Up

$128,547

Up $1,672 (+1.3%) from 2024

Expenses

Up

$38,111

Up $9,233 (+32%) from 2024

Net Income

Down

$90,436

Down $7,561 (-7.7%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2018: $149,816Liabilities 2018: $4,436Net Assets 2018: $145,3802018Assets 2019: $278,243Liabilities 2019: $11,507Net Assets 2019: $266,7362019Assets 2020: $429,366Liabilities 2020: $0Net Assets 2020: $429,3662020Assets 2021: $509,238Liabilities 2021: $0Net Assets 2021: $509,2382021Assets 2022: $617,279Liabilities 2022: $6,900Net Assets 2022: $610,3792022Assets 2023: $653,025Liabilities 2023: $0Net Assets 2023: $653,0252023Assets 2024: $771,022Liabilities 2024: $20,000Net Assets 2024: $751,0222024Assets 2025: $852,333Liabilities 2025: $10,875Net Assets 2025: $841,4582025

Highlighted filing

2025

Assets$852,333
Liabilities$10,875
Net Assets$841,458
Open 2025 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0Revenue 2018: $315,280Expenses 2018: $169,900Net Income 2018: $145,3802018Revenue 2019: $295,688Expenses 2019: $174,332Net Income 2019: $121,3562019Revenue 2020: $201,947Expenses 2020: $39,317Net Income 2020: $162,6302020Revenue 2021: $156,338Expenses 2021: $76,466Net Income 2021: $79,8722021Revenue 2022: $131,037Expenses 2022: $29,896Net Income 2022: $101,1412022Revenue 2023: $75,302Expenses 2023: $32,656Net Income 2023: $42,6462023Revenue 2024: $126,875Expenses 2024: $28,878Net Income 2024: $97,9972024Revenue 2025: $128,547Expenses 2025: $38,111Net Income 2025: $90,4362025

Highlighted filing

2025

Revenue$128,547
Expenses$38,111
Net Income$90,436
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 15, 2025
Return Version
2024v5.0
Gross Receipts
$128,547
Mission and Program Overview

Mission

To cultivate economic development opportunities for rutherford county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$766,553$847,726▲ $81,173
Prepaid Expenses and Deferred Charges$4,469$4,607▲ $138
Total Assets$771,022$852,333▲ $81,311
Liabilities
Deferred Revenue$20,000$10,875▼ $9,125
Total Liabilities$20,000$10,875▼ $9,125
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$751,022$841,458▲ $90,436
Total Net Assets Fund Balance$751,022$841,458▲ $90,436
Total Liabilities and Net Assets / Fund Balance$771,022$852,333▲ $81,311
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Terry HinesChairman
Thad HarrillChairman
Mike WalkerVice Chairma
Birgit DilgertDirector
Andy CobbMember
Bryan KingMember
Dale HatfeildMember
David EakerMember
David SuttonMember
Margaret AnnunziataMember
Nicel MaciasMember
Samantha WalkerMember
Steve GarrisonMember
Terry FountainMember
Maria HunnicuttTreasurer
Mike GavinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$128,547
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,625
Change in Net Assets
$90,436

Audited Revenue Reconciliation

Revenue per Audited Statements
$128,547
Revenue Not Reported on Form 990
$169,843
Total Revenue per Audited Statements
$298,390
Total Revenue per Form 990
$128,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,111
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$14,892--$14,892
Fees for Services Accounting$9,150--$9,150
Insurance$4,404--$4,404
Other Expenses$102--$102
Total Functional Expenses$38,111$0$0$38,111

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$61,706
Expenses per Audited Statements$38,111
Total Expenses per Form 990$38,111
Expenses Not Reported on Form 990$23,595
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The organization's board will review the form 990. The release of the 990 for filing is approved by the director or designated person on the board.”

Form 990, Page 6, Part VI, Line 19

“These documents are avaible upon request.”

Form 990, Part VII

“The organization's director and staff are employees of rutherford county nc. There are no compensation costs included within the tax return due to this reason.”

Filing and Contact Details

Filer

Filer Name
Rutherford County Economic
EIN
81-5406671
Phone
8282876200
Address
142 E MAIN ST, FOREST CITY, NC 28043

Signing Officer

Name
Birgit Dilgert
Title
Director
Phone
8282876200
Signed
2025-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Birgit Dilgert
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Gould Killian CPA Group Pa
Address
100 COXE AVE, ASHEVILLE, NC 28801-2354
Preparer
Travis S Keever CPA
Phone
8282580363
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Consolidation of rutherford county edc (deemed non-sister) 169,843”

Schedule D, Page 4, Part XII, Line 2D

“Consolidation of rutherford county edc (deemed non-sister) 23,595”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONSOLIDATION OF RUTHERFORD COUNTY EDC (DEEMED NON-SISTER) 169,843
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONSOLIDATION OF RUTHERFORD COUNTY EDC (DEEMED NON-SISTER) 23,595
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD WILL REVIEW THE FORM 990. THE RELEASE OF THE 990 FOR FILING IS APPROVED BY THE DIRECTOR OR DESIGNATED PERSON ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THESE DOCUMENTS ARE AVAIBLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S DIRECTOR AND STAFF ARE EMPLOYEES OF RUTHERFORD COUNTY NC. THERE ARE NO COMPENSATION COSTS INCLUDED WITHIN THE TAX RETURN DUE TO THIS REASON.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VII
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IRS990/USAddress/CityNm0FOREST CITY
IRS990/USAddress/StateAbbreviationCd0NC
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0BIRGIT DILGERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08282876200
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RUTHERFORD COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0RUTH
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561042836
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOULD KILLIAN CPA GROUP PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 COXE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0288012354
ReturnHeader/PreparerPersonGrp/PhoneNum08282580363
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRAVIS S KEEVER CPA
ReturnHeader/ReturnTs02025-12-19T15:13:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$852,333
Liabilities
$10,875
Net assets
$841,458
Revenue
$128,547
Expenses
$38,111
Net income
$90,436
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.52$0.11$8.41$1.29$0.38$0.90
2024Detailed filing. Detailed filing data is available for this year.$7.71$0.20$7.51$1.27$0.29$0.98
2023Detailed filing. Detailed filing data is available for this year.$6.53$0.00$6.53$0.75$0.33$0.43
2022Detailed filing. Detailed filing data is available for this year.$6.17$0.07$6.10$1.31$0.30$1.01
2021Detailed filing. Detailed filing data is available for this year.$5.09$0.00$5.09$1.56$0.76$0.80
2020Detailed filing. Detailed filing data is available for this year.$4.29$0.00$4.29$2.02$0.39$1.63
2019Detailed filing. Detailed filing data is available for this year.$2.78$0.12$2.67$2.96$1.74$1.21
2018Detailed filing. Detailed filing data is available for this year.$1.50$0.04$1.45$3.15$1.70$1.45