EDGEWOOD CORNERS INC

EIN: 061464648 501(c)(3) Community Improvement

NEW HAVEN, CT

Total Revenue
$23,759
Total Expenses
$27,200
Total Assets
$127,904
Net Assets
$127,904
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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
1996
Legal Domicile
CT
Principal Officer
DANIEL GREER
Tax Period
2023-01-01 to 2023-12-31

EDGEWOOD CORNERS INC, founded in 1996, is a micro nonprofit in the Community Improvement sector that reported $24K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $27K exceeded revenue, resulting in a 14% operating deficit.

Mission

SUPPORT OF LOCAL CHARITABLE ORGANIZATIONS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $23,759
TOTAL REVENUE $23,759

Expense Breakdown

Grants Paid $27,200
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,200
Other Expenses $0
TOTAL EXPENSES $27,200

Year-over-Year Comparison

2023 2022 Change
Revenue $23,759 $27,327 -0.1%
Expenses $27,200 $35,500 -0.2%
Net Income $-3,441 $-8,173 -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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL GREER PRESIDENT N/A
Officer Director
$0 $0 $0
SARAH GREER SECRETARY/DI N/A
Officer Director
$0 $0 $0
JEAN LEDBURY DIRECTOR N/A
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 $23,759 $27,200 $127,904 $-3,441
2022 $27,327 $35,500 $131,345 $-8,173
2020 $-5,639 No data $259,751 No data
2018 $62,460 $42,000 $158,641 $20,460
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