LOCAL DEVELOPMENT CORPORATION OF THE TOWN OF UNION (EIN 222855945) - 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

1982

Legal Domicile

Principal Officer

JOSEPH MOODY

Phone

6077862945

Tax Period

2025-01-01 to 2025-12-31

LOCAL DEVELOPMENT CORPORATION OF THE TOWN OF UNION, founded in 1982, is a small nonprofit that reported $283K in total revenue in fiscal year 2025. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $245K left a modest 13% surplus.

Mission

THE ORGANIZATION'S MISSION IS THER CREATION/RETENTION OF PERMANENT JOBS BY SUPPLEMENTING PRIME LENDER LOANS AND ENABLING PROJECTS THAT REQUIRE ADDITIONAL LOW-COST FUNDING THROUGH LOANS AND/OR GRANTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $241,494

Program Service Revenue $19,970

Investment Income $21,165

Other Revenue $0

TOTAL REVENUE $282,629

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $124,838

Fundraising Expenses $0

Program Expenses $188,238

Other Expenses $20,140

TOTAL EXPENSES $244,978

Year-over-Year Comparison

	2025	2024	Change
Revenue	$282,629	$758,021	-0.6%
Expenses	$244,978	$718,683	-0.7%
Net Income	$37,651	$39,338	0.0%

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

$127,723

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN TRICHKA	PRESIDENT	0.50	Officer Director	$0	$0	$0
TIMOTHY STRONG	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JEFFREY L'AMOREAUX	TREASURER	0.50	Officer Director	$0	$0	$0
GARY LEIGHTON	DIRECTOR	0.50	Director	$0	$0	$0
MARY O'MALLEY-TRUMBLE	DIRECTOR	0.50	Director	$0	$0	$0
JAMES PEDUTO	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLY WARD	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH MOODY	EXECUTIVE DIRECTOR	5.00	Officer	$0	$54,912	$127,723

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	$282,629	$244,978	$2,374,710	$37,651
2024	$758,021	$718,683	$2,428,677	$39,338
2023	$1,437,870	$1,390,674	$3,153,216	$47,196
2022	$149,358	$119,946	$3,544,533	$29,412
2021	$147,894	$668,834	$2,014,566	$-520,940
2020	$138,451	$136,749	$2,535,353	$1,702
2019	$141,359	$114,821	$2,530,926	$26,538
2018	$137,583	$114,801	$2,499,943	$22,782

LOCAL DEVELOPMENT CORPORATION OF THE TOWN OF UNION