Easton Redevelopment Corporation (EIN 141861533) - 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

1998

Legal Domicile

Principal Officer

Don Bibb

Phone

4107455121

Tax Period

2023-07-01 to 2024-06-30

Easton Redevelopment Corporation, founded in 1998, is a small nonprofit that reported $119K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $28K, a strong 24% operating margin.

Mission

To assist various government entities in providing and developing housing opportunities for the low income population.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,726

Program Service Revenue $102,605

Investment Income $6

Other Revenue $0

TOTAL REVENUE $119,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,588

Other Expenses $90,886

TOTAL EXPENSES $90,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,337	$103,414	+0.2%
Expenses	$90,886	$100,057	-0.1%
Net Income	$28,451	$3,357	+7.5%

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
Carlene Phoenix	Director	1	Director	$0	$0	$0
Carolyn Jaffe	Director	10	Director	$0	$0	$0
Don Bibb	CEO	5	Officer	$0	$0	$0
Lorraine McClanahan	Accountant/Executive Assistant	3	Key Emp	$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	$119,337	$90,886	$545,555	$28,451
2023	$103,414	$100,057	$546,055	$3,357
2022	$108,619	$95,088	$566,835	$13,531
2021	$113,000	$90,302	$583,138	$22,698

Easton Redevelopment Corporation