ALLEGANY REGIONAL DEVELOPMENT CORP (EIN 161442959) - 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

1994

Legal Domicile

Principal Officer

MARI L HOWARD

Phone

7163754747

Tax Period

2023-01-01 to 2023-12-31

ALLEGANY REGIONAL DEVELOPMENT CORP, founded in 1994, is a small nonprofit in the Human Services sector that reported $216K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $265K exceeded revenue, resulting in a 23% operating deficit.

Mission

OUTREACH, BEHAVIOR, TRAINING AND ADVOCACY FOR INDIVIDUALS WITH DISABILITIES AND THEIR FAMILES.

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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 $215,662

Investment Income $0

Other Revenue $0

TOTAL REVENUE $215,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,665

Fundraising Expenses $0

Program Expenses $236,735

Other Expenses $56,226

TOTAL EXPENSES $264,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$215,662	$296,216	-0.3%
Expenses	$264,891	$332,444	-0.2%
Net Income	$-49,229	$-36,228	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK JOZWIAK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARY E SMITH	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JIM RIED	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS MAHAR	DIRECTOR	1.00	Director	$0	$0	$0
DR THOMAS DELANEY	DIRECTOR	1.00	Director	$0	$0	$0
MARI L HOWARD	PRESIDENT & CEO	1.00	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	No data	No data	No data	No data
2023	$215,662	$264,891	$71,519	$-49,229
2022	$296,216	$332,444	$162,943	$-36,228
2021	$146,872	$172,630	$207,914	$-25,758
2020	$223,743	$239,580	$243,842	$-15,837
2019	$345,261	$393,156	$193,369	$-47,895
2018	$378,831	$407,477	$235,971	$-28,646

ALLEGANY REGIONAL DEVELOPMENT CORP