EMERALD CORPORATE CENTER ECONOMIC DEVELOPMENT CORPORATION (EIN 141826969) - 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

2000

Legal Domicile

Principal Officer

HEATHER BROWN

Phone

8458070527

Tax Period

2024-01-01 to 2024-12-31

EMERALD CORPORATE CENTER ECONOMIC DEVELOPMENT CORPORATION, founded in 2000, is a micro nonprofit in the Community Improvement sector that reported $50K in total revenue in fiscal year 2024. Revenue surged 359% from the prior year, signaling strong growth momentum. Expenses of $58K exceeded revenue, resulting in a 16% operating deficit.

Mission

OVERSEEING, MANAGING & DEVELOPING CORPORATE PARK. PROMOTING & PROVIDING EMPLOYMENT.

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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 $50,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $50,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,237

Other Expenses $58,077

TOTAL EXPENSES $58,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,000	$10,882	+3.6%
Expenses	$58,077	$63,782	-0.1%
Net Income	$-8,077	$-52,900	-0.8%

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
NADIA RAJSZ	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN KONEFAL	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH PERRELLO	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA POTOSEK	COUNTY MANAGER	1.00	Director	$0	$0	$0
GERALD SKODA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY WEINSTEIN	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN ELLSWEIG	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MCPHILLIPS	VICE PRESIDENT	1.00	Officer 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	$50,000	$58,077	$1,449,463	$-8,077
2023	$10,882	$63,782	$1,449,475	$-52,900
2022	$65,000	$78,768	$1,476,132	$-13,768
2021	$55,369	$60,212	$1,490,520	$-4,843
2020	$55,677	$410,795	$1,149,159	$-355,118
2019	$60,401	$57,155	$1,512,978	$3,246
2018	$91,444	$86,630	$1,520,288	$4,814

EMERALD CORPORATE CENTER ECONOMIC DEVELOPMENT CORPORATION