STRAFFORD ECONOMIC DEVELOPMENT CORPORATION (EIN 043367947) - 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

1997

Legal Domicile

Principal Officer

TIMOTHY DARGAN

Phone

6037492211

Tax Period

2025-01-01 to 2025-12-31

STRAFFORD ECONOMIC DEVELOPMENT CORPORATION, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2025. The organization ran a surplus of $234K, a strong 21% operating margin.

Mission

THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $41,222

Program Service Revenue $1,044,749

Investment Income $41,107

Other Revenue $0

TOTAL REVENUE $1,127,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $542,766

Fundraising Expenses $0

Program Expenses $766,977

Other Expenses $350,676

TOTAL EXPENSES $893,442

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,127,078	$1,104,639	+0.0%
Expenses	$893,442	$939,762	0.0%
Net Income	$233,636	$164,877	+0.4%

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

$199,305

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS MCCANN	EXECUTIVE DI	50.00	Officer	$193,500	$5,805	$199,305
SUSANNAH CHANCE	DIRECTOR	5.00	Director	$0	$0	$0
TIMOTHY DARGAN	PRESIDENT	10.00	Officer Director	$0	$0	$0
THOMAS DUMAIS	SECRETARY/TR	10.00	Officer Director	$0	$0	$0
DANA LYNCH	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL NYE	DIRECTOR	5.00	Director	$0	$0	$0
MARCELLA PERRY	FORMER DIREC	5.00	Director	$0	$0	$0
SAMUEL REID	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
LISA STANLEY	DIRECTOR	5.00	Director	$0	$0	$0
HEATHER WARD	DIRECTOR	5.00	Director	$0	$0	$0
MARK WENTWORTH	DIRECTOR	5.00	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
2025	$1,127,078	$893,442	$17,454,468	$233,636
2024	$1,104,639	$939,762	$18,165,028	$164,877
2023	$2,431,823	$791,459	$17,556,099	$1,640,364
2022	$872,934	$674,069	$15,973,160	$198,865
2021	$2,860,903	$721,943	$13,973,125	$2,138,960
2020	$782,378	$746,262	$12,221,278	$36,116
2019	$807,348	$717,277	$12,775,252	$90,071
2018	$1,034,054	$711,278	$12,518,833	$322,776

STRAFFORD ECONOMIC DEVELOPMENT CORPORATION