SOUTH EASTERN ECONOMIC DEVELOPMENT… - 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

1983

Legal Domicile

Principal Officer

GARY SMITH

Phone

6104585700

Tax Period

2024-10-01 to 2025-09-30

SOUTH EASTERN ECONOMIC DEVELOPMENT COMPANY OF PENNSYLVANIA, founded in 1983, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $338K, a strong 16% operating margin.

Mission

FOSTER THE INDUSTRIAL AND COMMERCIAL GROWTH OF SOUTHEASTERN PENNSYLVANIA BY PROVIDING FINANCING AVAILABLE THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION LOAN PROGRAMS TO NEW, EXPANDED AND REHABILITATED INDUSTRIAL AND COMMERCIAL PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $1,617,288 Revenue: $1,754,742

ADMINISTRATION AND PROCESSING OF SBA 504 LOAN PROGRAMS AND ASSISTANCE TO SMALL BUSINESSES IN SOUTHEASTERN PA. IN ADDITION THE ORGANIZATION PROCESSES AND SERVICES SBA 7A LOANS FOR BANKS AS A LENDER...

ADMINISTRATION AND PROCESSING OF SBA 504 LOAN PROGRAMS AND ASSISTANCE TO SMALL BUSINESSES IN SOUTHEASTERN PA. IN ADDITION THE ORGANIZATION PROCESSES AND SERVICES SBA 7A LOANS FOR BANKS AS A LENDER SERVICE PROVIDER.

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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 $1,754,742

Investment Income $332,692

Other Revenue $0

TOTAL REVENUE $2,087,434

Expense Breakdown

Grants Paid $141,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,617,288

Other Expenses $1,608,406

TOTAL EXPENSES $1,749,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,087,434	$1,780,742	+0.2%
Expenses	$1,749,656	$1,671,646	+0.0%
Net Income	$337,778	$109,096	+2.1%

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

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

$771,605

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG S STYER ESQ	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
BILL STEDMAN	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL HANKIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
R LORRAINE BERNOSTSKY	TREASURER	1.00	Officer Director	$0	$0	$0
TERRY GRIER	DIRECTOR	0.50	Director	$0	$0	$0
JON SWEARER	DIRECTOR	0.50	Director	$0	$0	$0
BILL BOGLE	HONORARY DIRECTOR	0.50	Director	$0	$0	$0
ROGER HUGGINS	HONORARY DIRECTOR	0.50	Director	$0	$0	$0
MARIAN D MOSKOWITZ	DIRECTOR EMERITUS	0.50	Director	$0	$0	$0
EDWIN BROWNLEY	HONORARY DIRECTOR	0.50	Director	$0	$0	$0
NANCY R CORSON	HONORARY DIRECTOR	0.50	Director	$0	$0	$0
ROBERT F FISCHER	HONORARY DIRECTOR	0.50	Director	$0	$0	$0
LOUIS B KUPPERMAN	HONORARY DIRECTOR	0.50	Director	$0	$0	$0
CONRAD M OLIE	HONORARY DIRECTOR	0.50	Director	$0	$0	$0
JIM READING	HONORARY DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL BRAY	SECRETARY	0.50	Officer Director	$0	$0	$0
LISA DONNON	DIRECTOR	0.50	Director	$0	$0	$0
PHILIP EARLEY	DIRECTOR	0.50	Director	$0	$0	$0
RITCHIE FRANCIA	DIRECTOR	0.50	Director	$0	$0	$0
TIM JEFFERIS	DIRECTOR	0.50	Director	$0	$0	$0
ALIXANDRA OBENSKI	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD STIEBRITZ JR	DIRECTOR	0.50	Director	$0	$0	$0
ALYSON ZARRO	DIRECTOR	0.50	Director	$0	$0	$0
GARY SMITH	EXECUTIVE DIRECTOR	5.00	Officer	$0	$31,387	$236,855
MICHAEL GRIGALONIS	COO/ASSISTANT DIRECTOR	8.00	Officer	$0	$29,237	$215,503
SHERWOOD ROBBINS	MANAGING DIRECTOR	40.00	Officer	$0	$22,900	$186,990
JIM HAMMOND	CFO	8.00	Officer	$0	$29,237	$132,257

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	$2,087,434	$1,749,656	$4,343,347	$337,778
2024	$1,780,742	$1,671,646	$4,236,846	$109,096
2023	$1,638,016	$1,655,399	$4,280,310	$-17,383
2022	$1,651,017	$1,438,274	$4,125,560	$212,743
2021	$1,614,452	$1,386,940	$3,531,785	$227,512
2020	$1,830,848	$1,349,612	$2,885,740	$481,236
2019	$1,320,527	$1,329,769	$2,316,988	$-9,242
2018	$1,733,461	$1,387,755	$2,280,033	$345,706

SOUTH EASTERN ECONOMIC DEVELOPMENT COMPANY OF PENNSYLVANIA