ESSEX COUNTY INDUSTRIAL DEVELOPMENT AGENCY INC

EIN: 141630643

ELIZABETHTOWN, NY

Total Revenue
$500,828
Total Expenses
$500,053
Total Assets
$7,166,074
Net Assets
$7,048,668
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Principal Officer
DARREN DARRAH
Phone
5188739114
Tax Period
2025-01-01 to 2025-12-31

ESSEX COUNTY INDUSTRIAL DEVELOPMENT AGENCY INC, founded in 1973, is a small nonprofit that reported $501K in total revenue in fiscal year 2025. Revenue surged 55% from the prior year, signaling strong growth momentum. Net assets of $7.0M represent 169 months of operating reserves.

Mission

OUR MISSION IS TO CREATE A VIABLE BUSINESS ATMOSPHERE THAT WILL ATTRACT COMPATIBLE AND DIVERSE SUSTAINABLE ECONOMIC DEVELOPMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $470,678

PRIMARY OBJECTIVES OF THE LOAN PROGRAM ARE TO FACILIATATE THE EXPANSION AND RETENTION OF BUSINESS ACTIVITY, CREATE EMPLOYMENT OPPORTUNITIES, AND EXPAND THE COUNTY'S INDUSTRIAL AND COMMERCIAL TAX BASE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $414,520
Program Service Revenue $86,308
Investment Income $0
Other Revenue $0
TOTAL REVENUE $500,828

Expense Breakdown

Grants Paid $0
Salaries & Benefits $253,278
Fundraising Expenses $0
Program Expenses $470,678
Other Expenses $246,775
TOTAL EXPENSES $500,053

Year-over-Year Comparison

2025 2024 Change
Revenue $500,828 $322,595 +0.6%
Expenses $500,053 $702,844 -0.3%
Net Income $775 $-380,249 -1.0%
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
7
Independent Members
7
Employees
3
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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BOWEN DIRECTOR N/A
Director
$0 $0 $0
JOHN BOYEA SECRETARY N/A
Officer Director
$0 $0 $0
MATTHEW COURTRIGHT DIRECTOR N/A
Director
$0 $0 $0
DARREN DARRAH CHAIRMAN N/A
Officer Director
$0 $0 $0
JAMES MOUNTY DIRECTOR N/A
Director
$0 $0 $0
JAMIE ROGERS DIRECTOR N/A
Director
$0 $0 $0
MATTHEW STANLEY 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
2025 $500,828 $500,053 $7,166,074 $775
2024 No data No data No data No data
2023 $839,644 $733,811 $7,609,612 $105,833
2022 $977,916 $423,992 $7,551,695 $553,924
2021 $680,003 $618,019 $6,993,712 $61,984
2020 $381,940 $555,081 $6,939,641 $-173,141
2019 $562,506 $690,708 $6,982,366 $-128,202
2018 $684,658 $757,195 $7,141,515 $-72,537
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