WASHINGTON COUNTY LOCAL DEVELOPMENT CORP

EIN: 141676889

FORT EDWARD, NY

Total Revenue
$270,942
Total Expenses
$164,949
Total Assets
$5,227,216
Net Assets
$5,176,496
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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
1985
Legal Domicile
NY
Principal Officer
DEANNA DERWAY
Phone
5187462292
Tax Period
2024-01-01 to 2024-12-31

WASHINGTON COUNTY LOCAL DEVELOPMENT CORP, founded in 1985, is a small nonprofit that reported $271K in total revenue in fiscal year 2024. The organization ran a surplus of $106K, a strong 39% operating margin.

Mission

PROVIDE LOANS TO BUSINESSES WHO PROVIDE JOBS TO LOW-MIDDLE INCOME HOUSEHOLDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $80,000
Program Service Revenue $160,500
Investment Income $19,101
Other Revenue $11,341
TOTAL REVENUE $270,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,369
Fundraising Expenses $0
Program Expenses $108,506
Other Expenses $62,580
TOTAL EXPENSES $164,949

Year-over-Year Comparison

2024 2023 Change
Revenue $270,942 $265,174 +0.0%
Expenses $164,949 $166,794 0.0%
Net Income $105,993 $98,380 +0.1%
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
17
Independent Members
17
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
5
$74,792
Total Directors
21
$0
Key Employees
1
$74,792
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID O'BRIEN CHAIRMAN 5.00
Officer Director
$0 $0 $0
JAMES GIFFITH VICE-CHAIRMAN 5.00
Officer Director
$0 $0 $0
SUE CLARY SECRETARY 5.00
Officer Director
$0 $0 $0
BRIAN CAMPBELL TREASURER 5.00
Officer Director
$0 $0 $0
ROBERT HENKE ARGYLE, B.O.D. 5.00
Director
$0 $0 $0
CASSIE FEDLER CAMBRIDGE, B.O.D. 5.00
Director
$0 $0 $0
CHARLES TALL DRESDEN, B.O.D. 5.00
Director
$0 $0 $0
DAN SHAW EASTON, B.O.D. 5.00
Director
$0 $0 $0
SAMUEL HALL FORT ANN, B.O.D. 5.00
Director
$0 $0 $0
TIM FISHER FORT EDWARD, B.O.D. 5.00
Director
$0 $0 $0
NATE BAKER GRANVILLE, B.O.D. 5.00
Director
$0 $0 $0
JIM NOLAN GREENWICH, B.O.D 5.00
Director
$0 $0 $0
SCOTT HAHN HARTFORD 5.00
Director
$0 $0 $0
DAVE O'BRIEN HAMPTON, B.O.D. 5.00
Director
$0 $0 $0
BRIAN CAMPBELL HEBRON, B.O.D. 5.00
Director
$0 $0 $0
JAY SKELLIE JACKSON, B.O.D. 5.00
Director
$0 $0 $0
DANA HOGAN KINGSBURY, B.O.D. 5.00
Director
$0 $0 $0
DARRELL WILSON PUTNAM, B.O.D. 5.00
Director
$0 $0 $0
SUE CLARY SALEM, B.O.D. 5.00
Director
$0 $0 $0
JAMES GRIFFITH WHITE CREEK, B.O.D. 5.00
Director
$0 $0 $0
JOHN ROZELL WHITEHALL, B.O.D. 5.00
Director
$0 $0 $0
DEANNA DERWAY PRESIDENT 40.00
Officer Key Emp Highest
$74,792 $0 $74,792
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 $270,942 $164,949 $5,227,216 $105,993
2023 $265,174 $166,794 $5,136,662 $98,380
2022 $264,348 $162,523 $5,077,698 $101,825
2021 $442,708 $127,093 $4,987,753 $315,615
2020 $244,055 $127,210 $4,684,917 $116,845
2018 $295,262 $451,001 $4,549,792 $-155,739
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