WARREN COUNTY LOCAL DEVELOPMENT CORP (EIN 141681502) - 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

1986

Legal Domicile

Principal Officer

DIANE DUMOUCHEL

Phone

5187616007

Tax Period

2024-01-01 to 2024-12-31

WARREN COUNTY LOCAL DEVELOPMENT CORP, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $143K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 51% operating margin.

Mission

PROVIDE HOME SITE ASSISTANCE TO LOW INCOME HOMEOWNERS AND LOANS TO SMALL BUSINESSES WHO EMPLOY LOW TO MIDDLE INCOME INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $60,000

Program Service Revenue $17,628

Investment Income $65,356

Other Revenue $0

TOTAL REVENUE $142,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,509

Other Expenses $69,509

TOTAL EXPENSES $69,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,984	$113,972	+0.3%
Expenses	$69,509	$134,667	-0.5%
Net Income	$73,475	$-20,695	-4.6%

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

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
MICHAEL WILD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
NATHAN ETU	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
EUGENE MERLINO	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT LANDRY	SECRETARY	1.00	Officer Director	$0	$0	$0
NANCY TURNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STRAINER	DIRECTOR	1.00	Director	$0	$0	$0
MARK SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DIANE DUMOUCHEL	CHIEF FINANCIAL OFFICER	15.00	Officer	$0	$0	$0
JIM SIPLON	CHIEF EXECUTIVE OFFICER	5.00	Officer	$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	No data	No data	No data	No data
2024	$142,984	$69,509	$1,589,351	$73,475
2023	$113,972	$134,667	$1,522,714	$-20,695
2022	$70,364	$249,349	$1,536,460	$-178,985
2021	$71,479	$58,534	$1,715,445	$12,945
2020	$73,631	$58,096	$1,710,833	$15,535
2019	$85,466	$69,696	$1,736,965	$15,770

WARREN COUNTY LOCAL DEVELOPMENT CORP