DEVELOPMENT CHENANGO CORPORATION

EIN: 161264689 501(c)(3) Community Improvement

NORWICH, NY

Total Revenue
$115,140
Total Expenses
$430,931
Total Assets
$3,470,517
Net Assets
$3,300,322
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NY
Principal Officer
MIKE FLANAGAN
Phone
6073341400
Tax Period
2025-01-01 to 2025-12-31

DEVELOPMENT CHENANGO CORPORATION, founded in 1966, is a small nonprofit in the Community Improvement sector that reported $115K in total revenue in fiscal year 2025. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $431K exceeded revenue, resulting in a 274% operating deficit.

Mission

To promote and coordinate economic development in Chenango County through education and technical assistance, business investment, downtown revitalization, and by attracting funding to Chenangos businesses and communities.

Program Service Accomplishments

Program 1
Expenses: $303,054 Revenue: $130,111

DIRECT EXPENDITURES MADE FOR THE PROMOTION OF ECONOMIC DEVELOPMENT IN CHENANGO COUNTY, NEW YORK.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $164,000
Program Service Revenue $130,111
Investment Income $-163,205
Other Revenue $-15,766
TOTAL REVENUE $115,140

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $303,054
Other Expenses $430,931
TOTAL EXPENSES $430,931

Year-over-Year Comparison

2025 2024 Change
Revenue $115,140 $273,121 -0.6%
Expenses $430,931 $300,858 +0.4%
Net Income $-315,791 $-27,737 +10.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
4
$89,252
Total Directors
17
$89,252
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALVATORE TESTANI Executive Dir. 40.00
Officer Director
$0 $0 $89,252
RC WOODFORD Director 0.50
Director
$0 $0 $0
ERIK SCRIVENER Secretary 0.50
Officer Director
$0 $0 $0
KURT EDWARDS Treasurer 0.50
Officer Director
$0 $0 $0
ADAM SPENCE Director 0.50
Director
$0 $0 $0
SARAH CASSCLES Director 0.50
Director
$0 $0 $0
MARK SILVANIC Director 0.50
Director
$0 $0 $0
PHIL WADE Director 0.50
Director
$0 $0 $0
DIANE SCALZO Director 0.50
Director
$0 $0 $0
JULIA MILLER Director 0.50
Director
$0 $0 $0
ED COATES Director 0.50
Director
$0 $0 $0
CHRIS KISACKY Director 0.50
Director
$0 $0 $0
JARED BARTLE Director 0.50
Director
$0 $0 $0
LUKE MURPHY Director 0.50
Director
$0 $0 $0
KECIA BURTON Director 0.50
Director
$0 $0 $0
JEFFERY BLANCHARD Director 0.50
Director
$0 $0 $0
GRANT BRIGHTMAN Director 0.05
Director
$0 $0 $0
MIKE FLANAGAN Chairman 0.50
Officer
$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 $115,140 $430,931 $3,470,517 $-315,791
2024 No data No data No data No data
2023 $252,762 $332,940 $3,655,209 $-80,178
2022 $254,174 $232,978 $3,593,362 $21,196
2021 $365,430 $275,437 $3,843,057 $89,993
2020 $278,340 $263,945 $3,723,989 $14,395
2019 $287,983 $343,925 $3,597,170 $-55,942
2018 $283,196 $229,968 $3,508,401 $53,228
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare DEVELOPMENT CHENANGO CORPORATION with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.