HARRISBURG ECONOMIC DEVELOPMENT CORPORATION (EIN 208719674) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

MARCUS MAHLEN

Phone

6054984940

Tax Period

2025-01-01 to 2025-12-31

HARRIBURG ECONOMIC DEVELOPMENT CORP, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $90K in total revenue in fiscal year 2020.

Mission

TO CREATE NEW POSSIBILITIES FOR COMMUNITY GROWTH

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $105,250

Program Service Revenue $0

Investment Income $91,447

Other Revenue $-14,247

TOTAL REVENUE $182,450

Expense Breakdown

Grants Paid $190,622

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $278,973

Other Expenses $104,823

TOTAL EXPENSES $295,445

Year-over-Year Comparison

	2025	2024	Change
Revenue	$182,450	$152,102	+0.2%
Expenses	$295,445	$134,275	+1.2%
Net Income	$-112,995	$17,827	-7.3%

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
MARCUS MAHLEN	HEDC CHAIR	1.00	Officer Director	$0	$0	$0
LEAP CHEAR	HEDC VICE CHAIR	1.00	Officer Director	$0	$0	$0
CORY VAN MAANEN	HEDC TREASURER	1.00	Officer Director	$0	$0	$0
ASHLEY MAYLAND	HEDC BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD MEYER	HEDC BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN RASMUSSEN	HEDC BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MANTZ	HEDC BOARD MEMBER	1.00	Director	$0	$0	$0
TINA HEEREN	HEDC BOARD MEMBER	1.00	Director	$0	$0	$0
JON ERICKSON	HEDC BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA MACK	HEDC BOARD MEMBER	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	$182,450	$295,445	$498,114	$-112,995
2024	$152,102	$134,275	$634,105	$17,827
2023	$317,410	$217,298	$736,688	$100,112
2022	$321,414	$219,093	$660,814	$102,321
2021	$181,583	$290,799	$677,199	$-109,216
2020	$89,824	$89,613	$552,521	$211

HARRISBURG ECONOMIC DEVELOPMENT CORPORATION