Vineland Development Corporation (EIN 205188780) - 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

2006

Legal Domicile

Principal Officer

Sandra Forosisky

Phone

8567944000

Tax Period

2024-07-01 to 2025-06-30

Vineland Development Corporation, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.0M, a strong 50% operating margin.

Mission

Assist in the revitalization and redevelopment of the City of Vineland, encourage private investment, and assist in economic development.

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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 $0

Program Service Revenue $2,915,155

Investment Income $709,612

Other Revenue $346,663

TOTAL REVENUE $3,971,430

Expense Breakdown

Grants Paid $267,646

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,827,791

Other Expenses $1,731,290

TOTAL EXPENSES $1,998,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,971,430	$5,209,328	-0.2%
Expenses	$1,998,936	$1,356,657	+0.5%
Net Income	$1,972,494	$3,852,671	-0.5%

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
Anthony Fanucci	Trustee	1.00	Director	$0	$0	$0
Cosmo Giovinazzi	Trustee	1.00	Director	$0	$0	$0
Paul Spinelli	Trustee	1.00	Director	$0	$0	$0
Donata Dalesandro	Trustee	1.00	Director	$0	$0	$0
Safee Chaudhri	Trustee	1.00	Director	$0	$0	$0
Victor Villar	Trustee	1.00	Director	$0	$0	$0
Praful Thakkar	Trustee	1.00	Director	$0	$0	$0
Nicholas Fiocchi	Trustee	1.00	Director	$0	$0	$0
Doug Stasuk	Trustee	1.00	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
2025	$3,971,430	$1,998,936	$91,720,264	$1,972,494
2024	$5,209,328	$1,356,657	$88,091,662	$3,852,671
2023	$5,230,999	$1,281,275	$81,251,438	$3,949,724
2022	$3,743,166	$1,816,020	$77,427,016	$1,927,146
2021	$3,700,485	$3,891,534	$75,597,070	$-191,049
2020	$4,186,267	$2,482,322	$76,442,159	$1,703,945
2019	$555,866	$358,032	$10,246,172	$197,834

Vineland Development Corporation