TWIN TIERS ECONOMIC DEVELOPMENTINC (EIN 161598005) - 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

2000

Legal Domicile

Principal Officer

VAN DEN BLINK ARIE J

Phone

6077336513

Tax Period

2024-01-01 to 2024-12-31

TWIN TIERS ECONOMIC DEVELOPMENTINC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $103K in total revenue in fiscal year 2024. The organization ran a surplus of $39K, a strong 38% operating margin.

Mission

TO RELIEVE AND REDUCE UNEMPLOYMENT, TO PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, TO BETTER AND MAINTAIN JOB OPPORTUNITIES, AND LESSEN THE BURDENS OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST, THUS PERFORMING AN ESSENTIAL GOVERNMENT FUNCTION.

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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 $103,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $103,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $64,092

TOTAL EXPENSES $64,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,000	$103,000	N/A
Expenses	$64,092	$61,125	+0.0%
Net Income	$38,908	$41,875	-0.1%

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

N/A

Volunteers

N/A

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
VAN DEN BLINK ARIE J	PRESIDENT	0.25	Officer Director	$0	$0	$0
GENSEL JAMES	VP / TREASUR	0.25	Officer Director	$0	$0	$0
BEECHER WILLIAM	SECRETARY	0.25	Officer Director	$0	$0	$0
COLLINS MICHAEL	DIRECTOR	0.25	Director	$0	$0	$0
COOK SCOTT	DIRECTOR	0.25	Director	$0	$0	$0
HAYDEN CARL	DIRECTOR	0.25	Director	$0	$0	$0
LOCKER DR ROBERT	DIRECTOR	0.25	Director	$0	$0	$0
MOSS CHRISTOPHER	DIRECTOR	0.25	Director	$0	$0	$0
ROMAN JOSPEH	DIRECTOR	0.25	Director	$0	$0	$0
WINNER GEORGE	DIRECTOR	0.25	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	$103,000	$64,092	$1,080,897	$38,908
2023	$103,000	$61,125	$1,128,136	$41,875
2022	$103,000	$63,182	$1,173,074	$39,818
2021	$103,000	$65,179	$1,215,826	$37,821
2020	$-944,298	$67,048	$1,256,497	$-1,011,346
2019	$85,649	$68,728	$2,342,486	$16,921
2018	$85,649	$75,468	$2,379,346	$10,181

TWIN TIERS ECONOMIC DEVELOPMENTINC