DEVELOPMENT CHENANGO CORPORATION (EIN 161264689) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

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

PERFORMANCE GOALS:PROVIDE ASSISTANCE TO COMPANIES EXPANDING IN CHENANGO COUNTYPROVIDE ASSISTANCE TO COMPANIES LOCATING IN CHENANGO COUNTYPROVIDE ASSISTANCE TO COMPANIES TO RETAIN JOBS IN CHENANGO COUNTYSUPPORT PROJECTS THAT WILL INCREASE AVAILABLE EMPLOYMENT OPPORTUNITIES IN CHENANGO COUNTYFACILITATE AN INCREASE IN THE AVAILABILITY OF A WELL-TRAINED AND SKILLED WORKFORCE IN CHENANGO COUNTYPARTICIPATE IN DOWNTOWN REVITALIZATION EFFORTS THROUGHOUT CHENANGO COUNTYSUPPORT EFFORTS TO ATTAIN NECESSARY INFRASTRUCTURE TO SUSTAIN BUSINESS ACTIVITY THROUGHOUT CHENANGO COUNTYREDUCE THE NUMBER OF DILAPIDATED/BLIGHTED COMMERCIAL PROPERTIES THROUGHOUT CHENANGO COUNTY

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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%)

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

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$89,252

Total Directors

$89,252

Key Employees

Highest Compensated

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

DEVELOPMENT CHENANGO CORPORATION