CORTLAND COUNTY BUSINESS DEVELOPMENT CORP (EIN 161461027) - 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

1992

Legal Domicile

Principal Officer

MIKE MCMAHON

Phone

6077565005

Tax Period

2024-01-01 to 2024-12-31

CORTLAND COUNTY BUSINESS DEVELOPMENT CORP, founded in 1992, is a small nonprofit that reported $646K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $135K, a strong 21% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE IN CORTLAND COUNTY BY RETAINING AND EXPANDING EXISTING JOB OPPORTUNITIES, ATTRACTING NEW JOBS, AND STIMULATING THE INVESTMENT OF CAPITAL IN THE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $588,833

Investment Income $30,491

Other Revenue $26,905

TOTAL REVENUE $646,229

Expense Breakdown

Grants Paid $17,968

Salaries & Benefits $354,943

Fundraising Expenses $0

Other Expenses $138,534

TOTAL EXPENSES $511,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$646,229	$777,252	-0.2%
Expenses	$511,445	$734,038	-0.3%
Net Income	$134,784	$43,214	+2.1%

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

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

$160,903

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCMAHON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEPHEN COMPAGNI	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CLINT BROOKS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHANNA AMES	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DRIES	DIRECTOR	1.00	Director	$0	$0	$0
JASON HAGE	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN BURKE	DIRECTOR	1.00	Director	$0	$0	$0
GERALD CONTENTO JR	DIRECTOR	1.00	Director	$0	$0	$0
DON RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
AMY KREMENEK	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH HAYDEN	TREASURER	1.00	Officer Director	$0	$0	$0
RENEE NEIDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN O'BRYAN	EXECUTIVE DIRECTOR	40.00	Officer	$120,065	$40,838	$160,903

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	$646,229	$511,445	$1,342,764	$134,784
2023	$777,252	$734,038	$1,240,629	$43,214
2022	$959,128	$1,022,300	$1,368,610	$-63,172
2021	$520,349	$457,921	$1,225,363	$62,428
2020	$508,838	$515,304	$1,164,048	$-6,466
2019	$489,380	$442,159	$1,174,535	$47,221
2018	$475,609	$452,972	$1,121,027	$22,637

CORTLAND COUNTY BUSINESS DEVELOPMENT CORP