VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION (EIN 020707982) - 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

2003

Legal Domicile

Principal Officer

CHARLES MILLER

Phone

7249811152

Tax Period

2023-01-01 to 2023-12-31

VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $863K in total revenue in fiscal year 2023. Revenue surged 205% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 23% operating margin.

Mission

THE ORGANIZATION IS A PA NOT-FOR-PROFIT ECONOMIC DEVELOPMENT CORPORATION. ITS PURPOSE IS TO ATTRACT BUSINESS TO THE WINNER INDUSTRIAL PARK & TO RENOVATE THE FORMER WESTINGHOUSE PROPERTY.

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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 $549,257

Program Service Revenue $314,177

Investment Income $0

Other Revenue $0

TOTAL REVENUE $863,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $663,842

Other Expenses $663,842

TOTAL EXPENSES $663,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$863,434	$282,783	+2.1%
Expenses	$663,842	$375,983	+0.8%
Net Income	$199,592	$-93,200	-3.1%

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

N/A

Volunteers

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
CLANCY ATKINSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES MILLER	TREASURER AND SECRETARY	1.00	Officer Director	$0	$0	$0
AMY ATKINSON	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MANTZELL	DIRECTOR	1.00	Director	$0	$0	$0
FRANK GARGIULO	DIRECTOR	1.00	Director	$0	$0	$0
TOM ROSKOS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KETTERING	DIRECTOR	1.00	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	$863,434	$663,842	$7,917,632	$199,592
2022	$282,783	$375,983	$7,296,515	$-93,200
2022	$799,319	$390,348	$6,251,673	$408,971
2021	$799,472	$389,757	$5,842,702	$409,715
2020	$151,750	$347,764	$4,749,520	$-196,014
2019	$144,148	$368,590	$4,109,749	$-224,442
2018	$125,383	$441,623	$2,756,093	$-316,240

VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION