SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION (EIN 231412034) - 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

1952

Legal Domicile

Phone

5706221943

Tax Period

2024-01-01 to 2024-12-31

SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION, founded in 1952, is a small nonprofit that reported $706K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $888K exceeded revenue, resulting in a 26% operating deficit.

Mission

PROMOTED INDUSTRIAL DEVELOPMENT IN SCHUYLKILL COUNTY, PA THROUGH LAND DEVELOPMENT, CONTRUCTION OF SHELL BUILDINGS, LOW-INTEREST LOANS

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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 $233,511

Program Service Revenue $127,491

Investment Income $344,706

Other Revenue $550

TOTAL REVENUE $706,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $463,484

Fundraising Expenses $0

Program Expenses $376,510

Other Expenses $424,220

TOTAL EXPENSES $887,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$706,258	$639,525	+0.1%
Expenses	$887,704	$892,122	0.0%
Net Income	$-181,446	$-252,597	-0.3%

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

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

$344,085

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK ZUKAS	President & CEO	40.00	Officer	$211,130	$46,548	$257,678
MARK MINNIG	ECONOMIC DEVELOPMENT MANAGER	40.00		$100,926	$24,253	$125,179
LETITIA RESIER	ASST SECRETARY	40.00	Officer	$70,521	$15,886	$86,407
KAREN KENDERDINE	PAST CHAIR	5.00	Director	$0	$0	$0
CHRISTINE VERDIER	VICE CHAIR	5.00	Director	$0	$0	$0
KIRK FANELLI	Secretary	5.00	Director	$0	$0	$0
DEMETRIUS KASMARI	Treasurer	5.00	Director	$0	$0	$0
BROCK STEIN	ASST TREASURER	5.00	Director	$0	$0	$0
KENNETH HUEBNER	Chairman	5.00	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
2024	$706,258	$887,704	$20,731,906	$-181,446
2023	$639,525	$892,122	$19,995,725	$-252,597
2022	$581,326	$712,943	$18,989,230	$-131,617
2021	$1,700,806	$671,393	$20,135,730	$1,029,413
2020	$653,891	$663,565	$24,936,172	$-9,674
2018	$784,820	$723,306	$21,287,681	$61,514

SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION