ESSEX COUNTY INDUSTRIAL DEVELOPMENT AGENCY INC (EIN 141630643) - 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

1973

Legal Domicile

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.

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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

ESSEX COUNTY INDUSTRIAL DEVELOPMENT AGENCY INC