HORNELL, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HORNELL INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1962, is a micro nonprofit in the Community Improvement sector that reported $413 in total revenue in fiscal year 2025. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $33K exceeded revenue, resulting in a 7859% operating deficit.
THE HORNELL INDUSTRIAL DEVELOPMENT CORPORATION WAS FORMED FOR THE PURPOSE OF ENCOURAGING FINANCIALLY SOUND COMPANIES TO ESTABLISH THEMSELVES AND PROSPER IN THE HORNELL, NEW YORK AREA.
PAYMENTS FOR PROMOTIONAL ACTIVITIES TO HIGHLIGHT ECONOMIC OPPORTUNITIES FOR COMPANIES IN THE HORNELL, NEW YORK AREA.
PROVIDED 23 HORNELL SMALL BUSINESSES WITH LOANS UP TO $10,000 FOR SHORT-TERM, WORKING CAPITAL NEEDS TO OFFSET LOSSES DUE TO THE COVID-19 CRISIS. LOAN TERMS SHALL BE 180 DAYS NO INTEREST THAN 1%...
PROVIDED 23 HORNELL SMALL BUSINESSES WITH LOANS UP TO $10,000 FOR SHORT-TERM, WORKING CAPITAL NEEDS TO OFFSET LOSSES DUE TO THE COVID-19 CRISIS. LOAN TERMS SHALL BE 180 DAYS NO INTEREST THAN 1% ANNUALIZED INTEREST WITH REPAYMENT OVER THIRTY THREE MONTH.
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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $413 | $229 | +0.8% |
| Expenses | $32,872 | $11,483 | +1.9% |
| Net Income | $-32,459 | $-11,254 | +1.9% |
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 |
|---|---|---|---|---|---|---|
| DAVID PARMLEY | BOARD CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ED FLAITZ | CFO, TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN CARBONE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN BUCKLEY | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD ANDOLINA JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL L NISBET | CEO | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $413 | $32,872 | $302,712 | $-32,459 |
| 2024 | No data | No data | No data | No data |
| 2023 | $73 | $19,046 | $346,425 | $-18,973 |
| 2022 | $1,543 | $9,830 | $365,398 | $-8,287 |
| 2021 | $2,157 | $23,624 | $373,685 | $-21,467 |
| 2020 | $251,556 | $45,540 | $395,152 | $206,016 |
Compare HORNELL INDUSTRIAL DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.