Pittsfield Center Development Corporation (EIN 020368627) - Form 990 Financial Analysis & Trantor Score

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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

Formation Year

1982

Legal Domicile

Principal Officer

CEDRIC DUSTIN III

Tax Period

2023-01-01 to 2023-12-31

Pittsfield Center Development Corporation, founded in 1982, is a small nonprofit that reported $557K in total revenue in fiscal year 2023. Revenue surged 391% from the prior year, signaling strong growth momentum. The organization ran a surplus of $469K, a strong 84% operating margin.

Mission

Development of the Town of Pittsfield. Maintains a community center and community volunteer newsletter.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,237

Program Service Revenue $15,679

Investment Income $526,699

Other Revenue $0

TOTAL REVENUE $556,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,127

Fundraising Expenses $0

Program Expenses $85,071

Other Expenses $84,619

TOTAL EXPENSES $87,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$556,615	$113,416	+3.9%
Expenses	$87,746	$180,835	-0.5%
Net Income	$468,869	$-67,419	-8.0%

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

N/A

Employees

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
William Elkins	President	002.00	Officer Director	$0	$0	$0
Cedric Dustin III	Treasurer	002.00	Officer Director	$0	$0	$0
Maryellen Plante	Secretary	001.00	Officer Director	$0	$0	$0
George Robbins	Director	000.25	Director	$0	$0	$0
David Stasiak	Director	000.25	Director	$0	$0	$0
Beatrice Douglas	Director	000.25	Director	$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
2024	No data	No data	No data	No data
2023	$556,615	$87,746	$558,570	$468,869

Pittsfield Center Development Corporation