GRASSE RIVER HERITAGE AREA DEVELOPMENT CORPORATION (EIN 161567484) - 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

1999

Legal Domicile

Principal Officer

CONRAD STUNTZ

Phone

3152126188

Tax Period

2025-01-01 to 2025-12-31

GRASSE RIVER HERITAGE AREA DEVELOPMENT CORPORATION, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $32K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $1.1M represent 399 months of operating reserves.

Mission

THE GRASSE RIVER HERITAGE AREA DEVELOPMENT CORPORATION, SEEKS TO DEVELOP AND PROMOTE CULTURAL, ECONOMIC, EDUCATIONAL AND RECREATIONAL OPPORTUNITIES, AND TO IMPROVE THE AESTHETIC APPEARANCE AND ENVIRONMENTAL QUALITY WITHIN THE GRASSE RIVER CORRIDOR IN THE VILLAGE AND TOWN OF CANTON.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $23,919

Program Service Revenue $0

Investment Income $4,840

Other Revenue $3,200

TOTAL REVENUE $31,959

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $2,112

Program Expenses $27,107

Other Expenses $33,620

TOTAL EXPENSES $34,620

Year-over-Year Comparison

	2025	2024	Change
Revenue	$31,959	$42,303	-0.2%
Expenses	$34,620	$35,085	0.0%
Net Income	$-2,661	$7,218	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM LANGEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
PEGGY DECOOKE	VICE-PRESIDE	3.00	Officer Director	$0	$0	$0
CONRAD STUNTZ	TREASURER	3.00	Officer Director	$0	$0	$0
ROSEMARY PHILIPS	SECRETARY	3.00	Officer Director	$0	$0	$0
TRACEY THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
VARICK CHITTENDEN	DIRECTOR	2.00	Director	$0	$0	$0
LOUIS TREMAINE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN C PARCELL IV	DIRECTOR	1.00	Director	$0	$0	$0
DAN FRENCH	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDE ALDOUS	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY MOTT	DIRECTOR	1.00	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
2025	$31,959	$34,620	$1,062,674	$-2,661
2024	No data	No data	No data	No data
2023	$29,429	$23,884	$991,569	$5,545
2022	$29,744	$37,200	$974,619	$-7,456
2021	$33,302	$22,315	$1,009,359	$10,987
2020	$38,667	$37,830	$981,601	$837
2019	$33,802	$44,025	$941,426	$-10,223
2018	$80,104	$31,885	$951,505	$48,219

GRASSE RIVER HERITAGE AREA DEVELOPMENT CORPORATION