MOHAWK VALLEY ECONOMIC DEVELOPMENT DISTRICT INC

EIN: 160926180 501(c)(3) Community Improvement

MOHAWK, NY

Total Revenue
$1,279,255
Total Expenses
$1,204,990
Total Assets
$2,472,201
Net Assets
$2,105,152
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NY
Principal Officer
STEPHEN R SMITH
Phone
3158664671
Tax Period
2025-01-01 to 2025-12-31

MOHAWK VALLEY ECONOMIC DEVELOPMENT DISTRICT INC, founded in 1966, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2025. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 6% surplus.

Mission

TO PROVIDE STAFF SUPPORT TO EXPAND REGION AND/OR RETAIN BUSINESS/INDUSTRY RELOCATION WITHIN THE REGION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $984,971
Program Service Revenue $235,000
Investment Income $58,276
Other Revenue $1,008
TOTAL REVENUE $1,279,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $657,280
Fundraising Expenses $0
Program Expenses $1,090,826
Other Expenses $547,710
TOTAL EXPENSES $1,204,990

Year-over-Year Comparison

2025 2024 Change
Revenue $1,279,255 $961,056 +0.3%
Expenses $1,204,990 $914,158 +0.3%
Net Income $74,265 $46,898 +0.6%
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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Governance

Voting Members
38
Independent Members
38
Employees
12
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
6
$141,983
Total Directors
38
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD PETERS DIRECTOR 0.50
Director
$0 $0 $0
JACK SPAETH PRESIDENT 0.50
Officer Director
$0 $0 $0
ALICE SAVINO SECOND VICE-PRESIDENT 0.50
Officer Director
$0 $0 $0
RICHARD PRESKY TREASURER 0.50
Officer Director
$0 $0 $0
DANIEL SULLIVAN SECRETARY 0.50
Officer Director
$0 $0 $0
DANNY LAPIN DIRECTOR 0.50
Director
$0 $0 $0
ANTHONY LUCENTI DIRECTOR 0.50
Director
$0 $0 $0
SAM RUSSO DIRECTOR 0.50
Director
$0 $0 $0
JAMES WALLACE JR DIRECTOR 0.50
Director
$0 $0 $0
JACK WILSON DIRECTOR 0.50
Director
$0 $0 $0
PETER ROVAZZI DIRECTOR 0.50
Director
$0 $0 $0
MARTIN BROCCOLI DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL CINQUANTI DIRECTOR 0.50
Director
$0 $0 $0
PETER JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
STEVE WILSON DIRECTOR 0.50
Director
$0 $0 $0
TAMMIE HARRIS DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM ROWBACK JR DIRECTOR 0.50
Director
$0 $0 $0
ANTHONY PICENTE DIRECTOR 0.50
Director
$0 $0 $0
BILL FEDERICE DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER TAGUE DIRECTOR 0.50
Director
$0 $0 $0
MARK GAWORECKI DIRECTOR 0.50
Director
$0 $0 $0
JULIE PACATTE DIRECTOR 0.50
Director
$0 $0 $0
KARL GUSTAFSON JR DIRECTOR 0.50
Director
$0 $0 $0
KENNETH ROSE FIRST VICE-PRESIDENT 0.50
Officer Director
$0 $0 $0
MARGARET KENNEDY DIRECTOR 0.50
Director
$0 $0 $0
VINCENZIO NICOSIA DIRECTOR 0.50
Director
$0 $0 $0
EDWARD WATT DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL GALIME DIRECTOR 0.50
Director
$0 $0 $0
JEFF LANIGAN DIRECTOR 0.50
Director
$0 $0 $0
RONALD FILMER JR DIRECTOR 0.50
Director
$0 $0 $0
JARED GODERIE DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER DONOVAN DIRECTOR 0.50
Director
$0 $0 $0
MARIE BORN DIRECTOR 0.50
Director
$0 $0 $0
RONALD BEACH DIRECTOR 0.50
Director
$0 $0 $0
PETER CAMPIONE DIRECTOR 0.50
Director
$0 $0 $0
PETER VROMAN DIRECTOR 0.50
Director
$0 $0 $0
MEAGHAN REMILLARD DIRECTOR 0.50
Director
$0 $0 $0
JAMES HALIOS DIRECTOR 0.50
Director
$0 $0 $0
STEPHEN SMITH EXECUTIVE DIRECTOR 35.00
Officer
$101,125 $40,858 $141,983
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 $1,279,255 $1,204,990 $2,472,201 $74,265
2024 No data No data No data No data
2023 $994,565 $914,134 $2,045,855 $80,431
2022 $761,195 $702,130 $1,949,860 $59,065
2021 $1,292,210 $1,260,915 $1,922,270 $31,295
2020 $2,885,553 $2,766,830 $1,844,963 $118,723
2019 $404,656 $441,003 $1,695,085 $-36,347
2018 $193,539 $212,270 $1,738,118 $-18,731
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