LYONS, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WAYNE ECONOMIC DEVELOPMENT CORPORATION, founded in 1968, is a small nonprofit in the Community Improvement sector that reported $708K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $663K left a modest 6% surplus.
THE CORPORATION WAS FORMED TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST; TO FACILITATE ECONOMIC ACTIVITIES THROUGHOUT WAYNE COUNTY, NY INCLUDING THE LOCATION AND EXPANSION OF CIVIC, INDUSTRIAL AND COMMERCIAL FACILITIES, THE CREATION OF NEW AND IMPROVED JOB OPPORTUNITIES, THE REDUCTION OF UNEMPLOYMENT AND THE IMPROVEMENT OF THE WELL-BEING OF ITS COMMUNITIES AND RESIDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $707,846 | $1,042,464 | -0.3% |
| Expenses | $663,364 | $996,615 | -0.3% |
| Net Income | $44,482 | $45,849 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SCOTT JOHNSON | CHAIRMAN | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY VERNO | VICE CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| KAYE STONE-GANSZ | SECRETARY | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| JULIE DILELLA | TREASURER | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| PAMELA HEALD | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| AMANDA MCDONALD | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| KEN VANFLEET | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| BRIAN PINCELLI | EXECUTIVE DIRECTOR/CEO | 0.20 |
Officer
|
$0 | $8,048 | $143,040 |
| JAMIE CORTEVILLE | FISCAL OFFICER/CFO | 0.20 |
Officer
|
$0 | $17,862 | $92,386 |
| KATHLEEN BRONSON | DEPUTY DIRECTOR/COO | 0.20 |
Officer
|
$0 | $28,534 | $122,078 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $707,846 | $663,364 | $7,230,680 | $44,482 |
| 2023 | $1,042,464 | $996,615 | $7,532,198 | $45,849 |
| 2022 | $1,076,909 | $968,408 | $7,486,392 | $108,501 |
| 2021 | $993,614 | $996,865 | $7,385,608 | $-3,251 |
| 2020 | $3,890,182 | $938,449 | $7,391,672 | $2,951,733 |
| 2019 | $1,066,440 | $941,818 | $4,436,273 | $124,622 |
| 2018 | $939,680 | $883,403 | $4,361,121 | $56,277 |
Compare WAYNE ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.