MERIDEN ECONOMIC DEVELOPMENT CORP (EIN 061007618) - 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

1979

Legal Domicile

Principal Officer

THOMAS J WELSH

Phone

2032357901

Tax Period

2019-07-01 to 2020-06-30

MERIDEN ECONOMIC DEVELOPMENT CORP, founded in 1979, is a small nonprofit that reported $220K in total revenue in fiscal year 2019. The organization ran a surplus of $68K, a strong 31% operating margin.

Mission

PROMOTE ECONOMIC HEALTH MERIDEN.

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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 (2019)

Revenue Breakdown

Contributions & Grants $213,129

Program Service Revenue $0

Investment Income $2,874

Other Revenue $4,204

TOTAL REVENUE $220,207

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $0

Fundraising Expenses $5,355

Program Expenses $125,931

Other Expenses $117,444

TOTAL EXPENSES $152,444

Year-over-Year Comparison

	2019	2018	Change
Revenue	$220,207	N/A	N/A
Expenses	$152,444	N/A	N/A
Net Income	$67,763	N/A	N/A

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

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
THOMAS J WELSH	President/Dir	1.00	Director	$0	$0	$0
IMRAN SAEED	Treasurer/Dir	1.00	Director	$0	$0	$0
FRANK W RIDLEY	Secretary/Dir	1.00	Director	$0	$0	$0
A LEE CAMPIONE	Director	0.50	Director	$0	$0	$0
JOHN AUGUSTYN	Director	0.50	Director	$0	$0	$0
KENNETH MANGO	Director	0.50	Director	$0	$0	$0
SEAN MOORE	Director	0.50	Director	$0	$0	$0
ROBERT CAPPELLETTI	Director	0.50	Director	$0	$0	$0
MARK D BENIGNI	Director	0.50	Director	$0	$0	$0
RIC SUZIO	Director	0.50	Director	$0	$0	$0
JULIET BURDELSKI	Director	0.50	Director	$0	$0	$0
KEVIN CURRY	Director	0.50	Director	$0	$0	$0
RICHARD PENDRED	Director	0.50	Director	$0	$0	$0
GEORGE MCGOLDRICK	Director	0.50	Director	$0	$0	$0
GLENN DAVIS	Director	0.50	Director	$0	$0	$0
SHERWIN BORSUK	Director	0.50	Director	$0	$0	$0
LYNN FARIA	Director	0.50	Director	$0	$0	$0
DAVID LOWELL	Director	0.50	Director	$0	$0	$0
RALPH MESITE	Director	0.50	Director	$0	$0	$0
MARC NEMETH	Director	0.50	Director	$0	$0	$0
EFRAIN VALENTIN	Director	0.50	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
2020	$220,207	$152,444	$500,380	$67,763

MERIDEN ECONOMIC DEVELOPMENT CORP