CARBON CHAMBER AND ECONOMIC DEVELO… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

KYLIE ADAMS WEISS

Phone

6013795000

Tax Period

2024-01-01 to 2024-12-31

CARBON CHAMBER AND ECONOMIC DEVELOPMENT CORPORATION, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $341K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $309K left a modest 9% surplus.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND OPERATE A CHAMBER OF COMMERCE FOR BUSINESSES LOCATED IN CARBON COUNTY PENNSYLVANIA.

Program Service Accomplishments

Program 1

Expenses: $91,222 Revenue: $29,998

TO BRING TOGETHER BUSINESS OWNERS AND BUSINESS PROFESSIONALS IN CARBON COUNTY TO PROVIDE OPPORTUNITIES FOR NETWORKING, CONDUCTING BUSINESS, AND COMMUNICATION.

Program 2

Expenses: $41,693 Revenue: $26,000

TO PROMOTE THE ECONOMIC DEVELOPMENT AND STABILITY OF BUSINESSES IN CARBON COUNTY THROUGH LOANMAKING.

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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 $199,703

Program Service Revenue $55,998

Investment Income $33,011

Other Revenue $52,346

TOTAL REVENUE $341,058

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $11,686

Program Expenses $132,915

Other Expenses $299,141

TOTAL EXPENSES $309,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$341,058	$501,748	-0.3%
Expenses	$309,141	$395,711	-0.2%
Net Income	$31,917	$106,037	-0.7%

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
MAUREEN DONOVAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JARED MC EVOY	BOARD SECRET	N/A	Officer Director	$0	$0	$0
JANE GEORGE	BOARD MEMBER	N/A	Director	$0	$0	$0
BARBARA GREEN	BOARD TREASU	N/A	Officer Director	$0	$0	$0
SAMUEL HELLEN	BOARD MEMBER	N/A	Director	$0	$0	$0
GIRVIN JANICKI	BOARD MEMBER	N/A	Director	$0	$0	$0
MARLYN KISSNER	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN NESPOLI	BOARD MEMBER	N/A	Director	$0	$0	$0
WAYNE NOTHSTEIN	BOARD MEMBER	N/A	Director	$0	$0	$0
TERRENCE J PURCELL	BOARD MEMBER	N/A	Director	$0	$0	$0
PATRICK REILLY	BOARD PRES/C	N/A	Officer Director	$0	$0	$0
JOE RUSSO	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK SVERCHEK	BOARD MEMBER	N/A	Director	$0	$0	$0
RONALD TIRPAK	BOARD VP/CHA	N/A	Officer Director	$0	$0	$0
MARSHALL WALTERS	BOARD MEMBER	N/A	Director	$0	$0	$0
JESSICA ODONNELL GOWER	EXEC. VICE P	N/A	Officer	$0	$0	$0
KYLIE ADAMS WEISS	SENIOR VP	N/A	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
2024	$341,058	$309,141	$1,272,449	$31,917
2023	$468,748	$395,711	$1,184,669	$73,037
2022	$370,512	$439,570	$1,114,535	$-69,058
2021	$633,247	$346,560	$1,190,642	$286,687
2020	$455,898	$391,297	$1,357,702	$64,601
2018	$500,785	$500,482	$1,246,551	$303

CARBON CHAMBER AND ECONOMIC DEVELOPMENT CORPORATION