YORK COUNTY ECONOMIC DEVELOPMENT C… - 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

1958

Legal Domicile

Principal Officer

KEVIN SCHREIBER

Phone

7178468879

Tax Period

2024-01-01 to 2024-12-31

YORK COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1958, is a small nonprofit that reported $958K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $395K, a strong 41% operating margin.

Mission

YORK COUNTY ECONOMIC DEVELOPMENT CORPORATION IS ENGAGED IN THE PROMOTION OF INDUSTRIAL AND ECONOMIC DEVELOPMENT THROUGHOUT YORK COUNTY.

Program Service Accomplishments

Program 1

YCEDC OWNED THE INDUSTRIAL PLAZA OF YORK WHICH IS A MULTI-TENANT FACILITY OCCUPYING APPROXIMATELY 17 TENANTS IN 2024.

Program 2

YCEDC ENTERED INTO AN AGREEMENT WITH THE COMMONWEALTH OF PENNSYLVANIA, DEPARTRMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT, FOR FUNDING TO SUPPORT THE STATE SMALL BUSINESS CREDIT INITIATIVE. THE...

YCEDC ENTERED INTO AN AGREEMENT WITH THE COMMONWEALTH OF PENNSYLVANIA, DEPARTRMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT, FOR FUNDING TO SUPPORT THE STATE SMALL BUSINESS CREDIT INITIATIVE. THE ORGANIZATION GRANTS LOANS TO LOCAL BUSINESSES.

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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 $625,000

Program Service Revenue $288,433

Investment Income $44,714

Other Revenue $0

TOTAL REVENUE $958,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $563,573

TOTAL EXPENSES $563,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$958,147	$507,986	+0.9%
Expenses	$563,573	$529,268	+0.1%
Net Income	$394,574	$-21,282	-19.5%

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

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

$509,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BUCZKOWSKI	DIRECTOR	0.30	Director	$0	$0	$0
DR DAVID CHRISTIANSEN PHD	DIRECTOR	0.30	Director	$0	$0	$0
DR TODD DAVIES	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL GASKINS	DIRECTOR	0.30	Director	$0	$0	$0
TAYLOR GROFF	DIRECTOR	0.30	Director	$0	$0	$0
OLIVER HOAR	CHAIR	0.30	Officer Director	$0	$0	$0
DR REVEREND MARK KEARSE	DIRECTOR	0.30	Director	$0	$0	$0
BEV MACKERETH	DIRECTOR	0.30	Director	$0	$0	$0
BRUCE T NEWELL	DIRECTOR	0.30	Director	$0	$0	$0
SARA PARRISH	PRESIDENT	0.30	Officer Director	$0	$0	$0
ANEURY E PEREZ	DIRECTOR	0.30	Director	$0	$0	$0
GRACE T QUARTEY	TREASURER	0.30	Officer Director	$0	$0	$0
CASEY KAT ROSSUM	DIRECTOR	0.30	Director	$0	$0	$0
BARRY SCHOCH	DIRECTOR	0.30	Director	$0	$0	$0
JULIAN TOLBERT	DIRECTOR	0.30	Director	$0	$0	$0
JEFFREY VERMEULEN	IMMEDIATE PA	0.30	Officer Director	$0	$0	$0
RUBEN WARREN	V CHAIR/SECR	0.30	Officer Director	$0	$0	$0
JULIE WHEELER	DIRECTOR	0.30	Director	$0	$0	$0
KEVIN SCHREIBER	PRESIDENT &	5.00	Officer	$0	$33,715	$314,959
NANCY BARRY	VP OPERATION	5.00	Officer	$0	$30,562	$194,669
SILAS CHAMBERLIN	VP, EC. & CO	5.00	Highest	$0	$31,683	$232,420
KATIE MAHONEY	VP, MARKETIN	5.00	Highest	$0	$18,087	$177,196

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	$958,147	$563,573	$3,701,687	$394,574
2023	$507,986	$529,268	$4,011,144	$-21,282
2022	$350,179	$444,123	$4,317,112	$-93,944
2021	$402,126	$442,280	$3,039,476	$-40,154
2020	$432,344	$449,886	$3,268,741	$-17,542
2019	$837,334	$695,936	$5,007,718	$141,398
2018	$764,754	$1,429,311	$6,639,917	$-664,557

YORK COUNTY ECONOMIC DEVELOPMENT CORPORATION