LUMBER CITY DEVELOPMENT CORPORATION

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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

2004

Legal Domicile

Principal Officer

LAURA KEE WILSON

Phone

7166958580

Tax Period

2025-01-01 to 2025-12-31

LUMBER CITY DEVELOPMENT CORPORATION, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2025. Revenue surged 382% from the prior year, signaling strong growth momentum. The organization ran a surplus of $485K, a strong 23% operating margin.

Mission

COMMUNITY DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $1,584,828 Revenue: $22,652

THE PRINCIPAL PURPOSE OF THE CORPORATION IS TO AID THE EFFORTS OF THE CITY OF NORTH TONAWANDA'S ECONOMIC DEVELOPMENT PROGRAM. THE CORPORATION ADMINISTERS LOANS PROGRAMS TO CREATE FAVORABLE CONDITIONS FOR CITY ENTERPRISES FOR THE EXPANSION OR LOCATION OF BUSINESS ENGAGED IN THE MANUFACTURE, ASSEMBLING, OR WHOLESALING OF GOODS OR ENGAGED IN THE RETAILING OF GOODS OR SERVICES. IT PROVIDES FOR THE FINANCING OF FIXED ASSETS OR WORKING CAPITAL, WHERE THE CAPITAL WILL ASSIST IN CREATING EMPLOYMENT OPPORTUNITIES FOR PERSONS OF LOW AND MODERATE INCOME.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,092,514

Program Service Revenue $14,744

Investment Income $413

Other Revenue $7,908

TOTAL REVENUE $2,115,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,133

Fundraising Expenses $0

Program Expenses $1,584,828

Other Expenses $1,539,002

TOTAL EXPENSES $1,630,135

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,115,579	$439,247	+3.8%
Expenses	$1,630,135	$403,946	+3.0%
Net Income	$485,444	$35,301	+12.8%

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

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

$16,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS P TAYLOR	CHAIRMAN	5.00	Officer Director	$0	$0	$0
DAVID E GROSS	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
ANDREA MOREAU	TREASURER	5.00	Officer Director	$0	$0	$0
GARRY KRAUSE	SECRETARY	5.00	Officer Director	$0	$0	$0
APRIL GAMPP	VICE-SECRETARY	5.00	Officer Director	$0	$0	$0
JOSEPH FONZI	DIRECTOR	5.00	Director	$0	$0	$0
ED JANULIONIS	DIRECTOR	5.00	Director	$0	$0	$0
AUSTIN TYLEC MAYOR	DIRECTOR	5.00	Director	$0	$0	$0
MITCHELL BANAS	DIRECTOR	5.00	Director	$0	$0	$0
AMY USIAK	DIRECTOR	5.00	Director	$0	$0	$0
KRISTEN FRANCEMONE	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS WALLAK	DIRECTOR	5.00	Director	$0	$0	$0
HILARY ROE	DIRECTOR	5.00	Director	$0	$0	$0
LAURA KEE WILSON	EXECUTIVE DIRECTOR	40.00	Officer	$16,800	$0	$16,800

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	$2,115,579	$1,630,135	$1,295,871	$485,444
2024	$439,247	$403,946	$811,926	$35,301
2023	$227,853	$637,976	$795,255	$-410,123
2022	$714,866	$356,907	$1,205,021	$357,959
2021	$218,460	$310,970	$832,750	$-92,510
2020	$72,400	$234,993	$923,089	$-162,593
2019	$447,642	$369,495	$1,083,343	$78,147
2018	$221,665	$317,146	$1,016,358	$-95,481