SOUTHERN TIER ENTERPRISE DEVELOPMENT ORGANIZATION INC (EIN 161270729) - 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

1984

Legal Domicile

Principal Officer

RICHARD ZINK

Phone

7169455301

Tax Period

2023-10-01 to 2024-09-30

SOUTHERN TIER ENTERPRISE DEVELOPMENT ORGANIZATION INC, founded in 1984, is a micro nonprofit in the Community Improvement sector that reported $85K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 32% operating margin.

Mission

TO PROMOTE THE GENERAL BUSINESS AND ECONOMIC ENVIRONMENT OF ALLEGANY, CHAUTAUQUA, AND CATTARAUGUS COUNTIES OF NEW YORK STATE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $84,861

Investment Income $0

Other Revenue $0

TOTAL REVENUE $84,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,615

Other Expenses $57,714

TOTAL EXPENSES $57,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,861	$410,101	-0.8%
Expenses	$57,714	$177,208	-0.7%
Net Income	$27,147	$232,893	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRYSTAL ABERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BOZA	SECRETARY	1.00	Officer Director	$0	$0	$0
GRETCHEN COPELLA	TREASURER	1.00	Officer Director	$0	$0	$0
DENISE DAMONTI-WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DOMAGOLA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID VAN LIESHOUT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF STAGER	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY LAMENDOLA	ADMINISTRATO	10.00	Officer	$0	$0	$0
RICHARD ZINK	ADMINISTRATO	10.00	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
2024	$84,861	$57,714	$2,491,106	$27,147
2023	$95,840	$109,646	$2,463,959	$-13,806
2022	$410,101	$177,208	$2,660,294	$232,893
2021	$128,624	$166,706	$2,463,853	$-38,082
2020	$198,450	$59,709	$2,286,275	$138,741
2019	$319,371	$116,442	$2,015,097	$202,929

SOUTHERN TIER ENTERPRISE DEVELOPMENT ORGANIZATION INC