CATTARAUGUS LOCAL DEVELOPMENT CORP… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

RICHARD LEFEBER

Phone

7162573237

Tax Period

2023-01-01 to 2023-12-31

CATTARAUGUS LOCAL DEVELOPMENT CORPORATION, founded in 1996, is a micro nonprofit in the Community Improvement sector that reported $16K in total revenue in fiscal year 2023. Revenue surged 2037% from the prior year, signaling strong growth momentum. Expenses of $78K exceeded revenue, resulting in a 377% operating deficit.

Mission

TO ENSURE LONG TERM VIABILITY OF THE AREA BY CREATING OPPORTUNITIES FOR ECONOMIC AND COMMUNITY DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $75,458

OPERATION AND MAINTENANCE OF ZAEPFEL NATURE CENTER, PAT MCGEE TRAIL SYSTEM, AND REVOLVING LOAN FUND.

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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 $3,394

Program Service Revenue $0

Investment Income $13,058

Other Revenue $0

TOTAL REVENUE $16,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,458

Other Expenses $78,458

TOTAL EXPENSES $78,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,452	$770	+20.4%
Expenses	$78,458	$77,479	+0.0%
Net Income	$-62,006	$-76,709	-0.2%

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
RICHARD LEFEBER	EXCUTIVE DIRECTOR	40.00	Director	$0	$0	$0
KAMERON BROOKS	TREASURER	10.00	Director	$0	$0	$0
LYNN LEFEBER	DIRECTOR	10.00	Director	$0	$0	$0
DAN MARTONIS	DIRECTOR	10.00	Director	$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	$16,452	$78,458	$1,562,506	$-62,006
2022	$770	$77,479	$1,577,760	$-76,709
2021	$531,095	$37,830	$1,654,469	$493,265
2020	$26,910	$53,194	$1,324,398	$-26,284
2018	$8,032	$26,268	$1,345,893	$-18,236

CATTARAUGUS LOCAL DEVELOPMENT CORPORATION