SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 161585758) - 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

2000

Legal Domicile

Principal Officer

SARAH R DAVIS

Phone

3155391725

Tax Period

2024-01-01 to 2024-12-31

SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2000, is a micro nonprofit in the Community Improvement sector that reported $49 in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $15K exceeded revenue, resulting in a 30996% operating deficit.

Mission

PROMOTING EMPLOYMENT & ENCOURAGING DEVELOPMENT OF INDUSTRY.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $49

Other Revenue $0

TOTAL REVENUE $49

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,000

Fundraising Expenses $0

Other Expenses $12,237

TOTAL EXPENSES $15,237

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49	$56	-0.1%
Expenses	$15,237	$16,039	-0.1%
Net Income	$-15,188	$-15,983	0.0%

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

$109,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN BRUSSO	CHAIR	2.00	Officer Director	$0	$0	$0
THOMAS KIME	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JEFFREY SHIPLEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT KERNAN	CFO	2.00	Officer	$3,000	$0	$3,000
SARAH DAVIS	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$106,983

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	$49	$15,237	$117,142	$-15,188
2023	$56	$16,039	$132,330	$-15,983
2022	$600,160	$615,214	$148,313	$-15,054
2021	$7,874	$80,519	$163,367	$-72,645
2020	$23,632	$127,682	$236,151	$-104,050
2019	$19,587	$126,127	$340,397	$-106,540
2018	$33,950	$123,402	$450,183	$-89,452

SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION