REDEC RELENDING CORPORATION (EIN 161433308) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

GEORGE E MINER

Phone

6079623021

Tax Period

2023-10-01 to 2024-09-30

REDEC RELENDING CORPORATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $358K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE ECONOMIC DEVELOPMENT LENDING CAPABILITY FOR BUSINESSES IN CHEMUNG, SCHUYLER, STEUBEN AND TIOGA COUNTIES, WHICH FULLY RESPONDS TO THE NEEDS OF THE REGION AND THE OBJECTIVES OF THE CORPORATION.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $162,065

Program Service Revenue $180,047

Investment Income $8,154

Other Revenue $7,500

TOTAL REVENUE $357,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $310,476

Fundraising Expenses $0

Program Expenses $369,021

Other Expenses $58,545

TOTAL EXPENSES $369,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,766	$393,283	-0.1%
Expenses	$369,021	$374,145	0.0%
Net Income	$-11,255	$19,138	-1.6%

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

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

$162,173

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN WARNER	CHAIR	0.50	Officer Director	$0	$0	$0
CHELSEA ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER BREWER	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER COLETTA	TREASURER	0.50	Officer Director	$0	$0	$0
CHRISTOPHER GIAMMICHELE	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN MONROE	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER MILLER	DIRECTOR	0.50	Director	$0	$0	$0
JILL KOSKI	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
JOSEPH ROMAN	DIRECTOR	0.50	Director	$0	$0	$0
JUDY MCKINNEY CHERRY	DIRECTOR	0.50	Director	$0	$0	$0
JULIE CHEVALIER	DIRECTOR	0.50	Director	$0	$0	$0
KELSEY KNOWLES	DIRECTOR	0.50	Director	$0	$0	$0
KAMALA KEELEY	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL J MANZARI	DIRECTOR	0.50	Director	$0	$0	$0
MIKE MCCUMISKEY	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEIGH MADISON	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN DOUGHERTY	DIRECTOR	0.50	Director	$0	$0	$0
TODD STRONG	DIRECTOR	0.50	Director	$0	$0	$0
GRACE DALTON	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL NISBET	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE MINER	PRESIDENT	14.00	Officer	$0	$9,491	$106,966
BRYANT MYERS	PRESIDENT	14.00	Officer	$0	$0	$55,207

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	$357,766	$369,021	$1,785,787	$-11,255
2023	$393,283	$374,145	$1,939,451	$19,138
2022	$400,791	$341,709	$1,860,719	$59,082
2021	$381,712	$312,460	$2,009,566	$69,252
2020	$564,280	$338,037	$2,132,432	$226,243
2019	$390,352	$325,896	$1,818,391	$64,456
2018	$322,454	$319,152	$1,528,927	$3,302

REDEC RELENDING CORPORATION