Civic Intelligence

Rutherford County Economic Development Corporation

EIN 81-5460810 • 501(c)3 • Forest City, NC

Profile

To cultivate economic development opportunities for rutherford county.

142 East Main St Ste 100Forest City, NC 28043
Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

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

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

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

Net Margin

96th percentile

86%

Higher net margin than 96% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

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

Asset Growth

77th percentile

25%

Faster asset growth than 77% of similar nonprofits.

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

Revenue Growth

100th percentile

6142%

Faster revenue growth than 100% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$749,072

Up $147,762 (+25%) from 2024

Liabilities

Up

$1,513

Up $1,513 from 2024

Net Assets

Up

$747,559

Up $146,249 (+24%) from 2024

Operations
Liabilities / Revenue35th percentileNet Margin96th percentile

Revenue

Up

$169,843

Up $167,122 (+6142%) from 2024

Expenses

Up

$23,594

Up $14,497 (+159%) from 2024

Net Income

Up

$146,249

Up $152,625 (+2394%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

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

$800K$600K$400K$200K$0Assets 2018: $145,508Net Assets 2018: $145,5082018Assets 2019: $203,108Net Assets 2019: $203,1082019Assets 2020: $265,300Liabilities 2020: $116Net Assets 2020: $265,1842020Assets 2021: $358,147Liabilities 2021: $102Net Assets 2021: $358,0452021Assets 2022: $685,015Liabilities 2022: $0Net Assets 2022: $685,0152022Assets 2023: $608,695Liabilities 2023: $1,009Net Assets 2023: $607,6862023Assets 2024: $601,310Liabilities 2024: $0Net Assets 2024: $601,3102024Assets 2025: $749,072Liabilities 2025: $1,513Net Assets 2025: $747,5592025

Highlighted filing

2025

Assets$749,072
Liabilities$1,513
Net Assets$747,559
Open 2025 Filing

Operations Trend

Revenue Growth100th percentile

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

$400K$200K$0-$200KRevenue 2018: $145,5082018Revenue 2019: $57,6002019Revenue 2020: $72,000Expenses 2020: $9,924Net Income 2020: $62,0762020Revenue 2021: $97,000Expenses 2021: $4,139Net Income 2021: $92,8612021Revenue 2022: $332,403Expenses 2022: $5,433Net Income 2022: $326,9702022Revenue 2023: $2,526Expenses 2023: $79,855Net Income 2023: -$77,3292023Revenue 2024: $2,721Expenses 2024: $9,097Net Income 2024: -$6,3762024Revenue 2025: $169,843Expenses 2025: $23,594Net Income 2025: $146,2492025

Highlighted filing

2025

Revenue$169,843
Expenses$23,594
Net Income$146,249
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$749,072
Liabilities
$1,513
Net assets
$747,559
Revenue
$169,843
Expenses
$23,594
Net income
$146,249
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$0.02$7.48$1.70$0.24$1.46
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.01$0.00$6.01$0.03$0.09$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.09$0.01$6.08$0.03$0.80$0.77
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.85$0.00$6.85$3.32$0.05$3.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.58$0.00$3.58$0.97$0.04$0.93
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.65$0.00$2.65$0.72$0.10$0.62
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$2.03$0.58
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$1.46$1.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 18, 2025
Return Version
2024v5.0
Gross Receipts
$169,843
Mission and Program Overview

Mission

To cultivate economic development opportunities for rutherford county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$281,655$429,417▲ $147,762
Total Assets$601,310$749,072▲ $147,762
Other Assets Total$319,655$319,655→ $0
Liabilities
Accounts Payable and Accrued Expenses-$1,513-
Total Liabilities$0$1,513▲ $1,513
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$601,310$747,559▲ $146,249
Total Net Assets Fund Balance$601,310$747,559▲ $146,249
Total Liabilities and Net Assets / Fund Balance$601,310$749,072▲ $147,762

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$84,400--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Mike GavinChair
Mike WalkerChair
Thad HarrillVice Chair
Birgit DilgertDirector
Maria HunnicuttTreasurer
Terry HinesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,700
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,143
All Other Contributions
$167,700
Change in Net Assets
$146,249

Audited Revenue Reconciliation

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

Major Expense Lines

Line ItemAmount
Other Expenses$23,594
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
Other Expenses$1,034--$1,034
Total Functional Expenses$23,594$0$0$23,594

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$61,705
Expenses Not Reported on Form 990$38,111
Expenses per Audited Statements$23,594
Total Expenses per Form 990$23,594
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
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 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Form 990, Part VIII

“In december 2019, the association purchased various parcels of land within the riverstone business park located in rutherfordton, north carolina at a cost of 250,000. Riverstone is a shovel-ready development ideal for high quality advanced manufacturing and distribution opportunities. During the fiscal year ending june 30, 2022, the association sold parcel 1636892 for net proceeds of 286,675. The parcel had a basis of 37,145. During the fiscal year ended june 30, 2024, the association expended fund for land design and 401/404 permitting totaling 84,000. These costs were added to the capital cost of the land development. As of june 30, 2024, the association's total land development and parcel costs was 319,655.”

Filing and Contact Details

Filer

Filer Name
Rutherford County Economic
EIN
81-5460810
Phone
8282876200
Address
142 EAST MAIN ST STE 100, FOREST CITY, NC 28043

Signing Officer

Name
Birgit Dilgert
Title
Director
Phone
8282876200
Signed
2025-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Birgit Dilgert
Voting Board Members
6
Independent Board Members
6
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 eda (deemed non-sister) 128,547”

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

“Consolidation of rutherford county eda (deemed non-sister) 38,111”

Raw XML Appendix307 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/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN DECEMBER 2019, THE ASSOCIATION PURCHASED VARIOUS PARCELS OF LAND WITHIN THE RIVERSTONE BUSINESS PARK LOCATED IN RUTHERFORDTON, NORTH CAROLINA AT A COST OF 250,000. RIVERSTONE IS A SHOVEL-READY DEVELOPMENT IDEAL FOR HIGH QUALITY ADVANCED MANUFACTURING AND DISTRIBUTION OPPORTUNITIES. DURING THE FISCAL YEAR ENDING JUNE 30, 2022, THE ASSOCIATION SOLD PARCEL 1636892 FOR NET PROCEEDS OF 286,675. THE PARCEL HAD A BASIS OF 37,145. DURING THE FISCAL YEAR ENDED JUNE 30, 2024, THE ASSOCIATION EXPENDED FUND FOR LAND DESIGN AND 401/404 PERMITTING TOTALING 84,000. THESE COSTS WERE ADDED TO THE CAPITAL COST OF THE LAND DEVELOPMENT. AS OF JUNE 30, 2024, THE ASSOCIATION'S TOTAL LAND DEVELOPMENT AND PARCEL COSTS WAS 319,655.
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 VIII
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BIRGIT DILGERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08282876200
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RUTHERFORD COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0RUTH
ReturnHeader/Filer/EIN0815460810
ReturnHeader/Filer/PhoneNum08282876200
ReturnHeader/Filer/USAddress/AddressLine1Txt0142 EAST MAIN ST STE 100
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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
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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

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