Coastal Economic Development Corporation (EIN 020511564) - 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

1998

Legal Domicile

Principal Officer

Daniel Gray

Phone

6039299244

Tax Period

2020-07-01 to 2021-06-30

Coastal Economic Development Corporation, founded in 1998, is a small nonprofit that reported $312K in total revenue in fiscal year 2020. Revenue decreased 14% compared to the prior year. Expenses of $292K left a modest 6% surplus.

Mission

To encourage and foster regional economic development by providing gap financing & technical assistance to businesses so that they may expand or retain employment, primarily for the benefit of employees from low to moderate-income households.

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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 (2020)

Revenue Breakdown

Contributions & Grants $77,562

Program Service Revenue $218,437

Investment Income $2,213

Other Revenue $13,960

TOTAL REVENUE $312,172

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $160,211

Fundraising Expenses $0

Program Expenses $205,042

Other Expenses $130,688

TOTAL EXPENSES $291,899

Year-over-Year Comparison

	2020	2019	Change
Revenue	$312,172	$362,521	-0.1%
Expenses	$291,899	$309,215	-0.1%
Net Income	$20,273	$53,306	-0.6%

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

$157,059

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Noonis	Board Member	1.00	Director	$0	$0	$0
Steve Witt	Board Member	1.00	Director	$0	$0	$0
Stephen Falzone	Board Member	1.00	Director	$0	$0	$0
Charles Withee	Board Member	1.00	Director	$0	$0	$0
John Grandmaison	Board Member	1.00	Director	$0	$0	$0
Nina Cutts	Board Member	1.00	Director	$0	$0	$0
Ed Hayes	Board Member	1.00	Director	$0	$0	$0
Ellen Lavin	Treasurer	1.00	Officer Director	$0	$0	$0
Daniel Dolan	Vice Chair	1.00	Officer Director	$0	$0	$0
Anne Russell	Chair	1.00	Officer Director	$0	$0	$0
Daniel Gray	Executive Director	40.00	Officer	$119,794	$37,265	$157,059

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
2021	$312,172	$291,899	$4,541,991	$20,273
2021	$189,241	$150,713	No data	$38,528

Coastal Economic Development Corporation