SYRACUSE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SYRACUSE ECONOMIC DEVELOPMENT CORP, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 87% operating margin.
THE GOAL OF THE SYRACUSE ECONOMIC DEVELOPMENT CORPORATION (SEDCO) IS TO PROVIDE TECHNICAL AND FINANCIAL ASSISTANCE TO BUSINESSES AND OTHER LOCAL ECONOMIC DEVELOPMENT ENTITIES THAT OPERATE IN THE CITY OF SYRACUSE, NEW YORK AS A MEANS OF SUPPORTING BUSINESS EXPANSION AND JOB CREATION.
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 | $1,463,585 | $2,139,272 | -0.3% |
| Expenses | $185,414 | $1,074,749 | -0.8% |
| Net Income | $1,278,171 | $1,064,523 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| SHEENA SOLOMON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW FISH | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ASHANTI DICKERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CALVIN CORRIDORS JR | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE GROSS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK BARBEE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RITA PANIAGUA | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK LANNON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KAROLINA MARCINKOWSKI | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC ENNIS | EXECUTIVE DIRECTOR | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,463,585 | $185,414 | $16,778,081 | $1,278,171 |
| 2023 | $2,139,272 | $1,074,749 | $16,382,909 | $1,064,523 |
| 2022 | $2,875,453 | $185,252 | $17,091,252 | $2,690,201 |
| 2021 | $520,837 | $395,377 | $12,748,845 | $125,460 |
| 2020 | $290,956 | $196,903 | $10,718,094 | $94,053 |
| 2019 | $247,800 | $42,432 | $10,543,812 | $205,368 |
| 2018 | $8,914,908 | $508,751 | $10,303,870 | $8,406,157 |
Compare SYRACUSE ECONOMIC DEVELOPMENT CORP with other nonprofits in New York and across the country.