MONADNOCK ECONOMIC DEVELOPMENT CORP (EIN 020395538) - 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

1986

Legal Domicile

Principal Officer

STEVEN SILVERSTEIN

Phone

6033521000

Tax Period

2024-07-01 to 2025-06-30

MONADNOCK ECONOMIC DEVELOPMENT CORP, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

PROMOTION OF BUSINESS DEVELOPMENT AND RELOCATIONS TO THE MONADNOCK REGION OF NEW HAMPSHIRE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,962,833

Program Service Revenue $1,252,277

Investment Income $-2,037,244

Other Revenue $51,475

TOTAL REVENUE $3,229,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,222

Fundraising Expenses $0

Program Expenses $3,386,296

Other Expenses $3,488,747

TOTAL EXPENSES $3,612,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,229,341	$5,279,361	-0.4%
Expenses	$3,612,969	$2,216,838	+0.6%
Net Income	$-383,628	$3,062,523	-1.1%

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

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

$98,359

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA LITTLETON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW RICHARDSON	TRUSTEE	1.00	Director	$0	$0	$0
DAN OSBORN	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE HANSEL	TRUSTEE	1.00	Director	$0	$0	$0
JULIANA BERGERON	TRUSTEE	1.00	Director	$0	$0	$0
RIK EKSTROM	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN BRAGDON	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SILVERSTEIN	TREASURER	2.00	Officer Director	$0	$0	$0
TODD HORNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
REBECCA LANDRY	TRUSTEE	1.00	Director	$0	$0	$0
EMILY BENSON	TRUSTEE	1.00	Director	$0	$0	$0
CODY MORRISON	EXECUTIVE DIRECTOR	40.00	Officer	$91,196	$7,163	$98,359

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
2025	$3,229,341	$3,612,969	$13,322,601	$-383,628
2024	No data	No data	No data	No data
2023	$1,706,004	$2,209,306	$41,455,854	$-503,302
2022	$1,917,108	$2,408,740	$42,887,115	$-491,632
2021	$2,525,403	$3,078,706	$44,564,780	$-553,303
2020	$1,834,195	$3,659,521	$46,243,648	$-1,825,326
2019	$2,760,918	$3,238,758	$51,280,304	$-477,840
2018	$3,787,749	$2,635,291	$53,247,862	$1,152,458

MONADNOCK ECONOMIC DEVELOPMENT CORP