OTSEGO COUNTY DEVELOPMENT CORPORATION (EIN 166051473) - 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

1959

Legal Domicile

Phone

6074320400

Tax Period

2020-06-01 to 2021-05-31

OTSEGO COUNTY DEVELOPMENT CORPORATION, founded in 1959, is a small nonprofit that reported $139K in total revenue in fiscal year 2020. Revenue surged 1097% from the prior year, signaling strong growth momentum. Expenses of $130K left a modest 6% surplus.

Mission

ECONOMIC DEVELOPMENT FOR THE COUNTY OF OTSEGO, NEW YORK

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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 (2020)

Revenue Breakdown

Contributions & Grants $125,400

Program Service Revenue $0

Investment Income $13,395

Other Revenue $0

TOTAL REVENUE $138,795

Expense Breakdown

Grants Paid $117,032

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,132

Other Expenses $12,764

TOTAL EXPENSES $129,796

Year-over-Year Comparison

	2020	2019	Change
Revenue	$138,795	$11,593	+11.0%
Expenses	$129,796	$13,035	+9.0%
Net Income	$8,999	$-1,442	-7.2%

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
JOSEPH POTRIKUS	Director	1.00	Director	$0	$0	$0
CAROLYN LEWIS	Director	1.00	Director	$0	$0	$0
JAMIE REYNOLDS	Secretary	1.00	Officer Director	$0	$0	$0
JAMES M JORDAN	President	1.00	Officer Director	$0	$0	$0
LEN MARSH	Vice President	1.00	Officer Director	$0	$0	$0
LEN CARSON	Director	1.00	Director	$0	$0	$0
KYLE LINER	Director	1.00	Director	$0	$0	$0
GEORGE ALLEN	Treasurer	1.00	Officer 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
2021	$138,795	$129,796	$754,049	$8,999
2020	$11,593	$13,035	$995,050	$-1,442
2019	$9,277	$15,245	$996,892	$-5,968

OTSEGO COUNTY DEVELOPMENT CORPORATION