COLUMBIA ECONOMIC DEVELOPMENT CORP (EIN 201464297) - 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

2004

Legal Domicile

Principal Officer

MICHAEL REINER

Tax Period

2019-01-01 to 2019-12-31

COLUMBIA ECONOMIC DEVELOPMENT CORP, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $92K in total revenue in fiscal year 2019. The organization ran a surplus of $46K, a strong 50% operating margin.

Mission

ENSURING AND FACILITATING A HIGHER QUALITY OF LIFE FOR THE BOROUGH OF COLUMBIA, PENNSYLVANIA BY PROMOTING BUSINESS DEVELOPMENT AND EXPANSION WITHIN THE BOROUGH.

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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 (2019)

Revenue Breakdown

Contributions & Grants $26,269

Program Service Revenue $0

Investment Income $0

Other Revenue $65,663

TOTAL REVENUE $91,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,840

Fundraising Expenses $4,520

Program Expenses $32,250

Other Expenses $29,518

TOTAL EXPENSES $46,358

Year-over-Year Comparison

	2019	2018	Change
Revenue	$91,932	N/A	N/A
Expenses	$46,358	N/A	N/A
Net Income	$45,574	N/A	N/A

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

$16,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE NIKOLOFF	EXECUTIVE DI	15.00	Officer	$16,840	$0	$16,840
TOM ASLIN	MEMBER	1.00	Director	$0	$0	$0
CHRIS FREED	MEMBER	1.00	Director	$0	$0	$0
BEN GORMAN	MEMBER	1.00	Director	$0	$0	$0
WILLIAM KLOIDT JR	MEMBER	1.00	Director	$0	$0	$0
PAUL RESCH	MEMBER	1.00	Director	$0	$0	$0
KEITH LUTZ	PRESIDENT	1.00	Officer	$0	$0	$0
MIKE MARTINELLI	SECRETARY	1.00	Officer	$0	$0	$0
MICHAEL REINER	TREASURER	1.00	Officer	$0	$0	$0
JEFF SEIBERT	VICE PRESIDE	1.00	Officer	$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
2019	$91,932	$46,358	$219,755	$45,574

COLUMBIA ECONOMIC DEVELOPMENT CORP