CARLISLE AREA ECONOMIC DEVELOPMENT CORPORATION INC (EIN 231702304) - 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

1961

Legal Domicile

Principal Officer

NICOLE DEARY

Phone

7172434515

Tax Period

2023-07-01 to 2024-06-30

CARLISLE AREA ECONOMIC DEVELOPMENT CORPORATION INC, founded in 1961, is a small nonprofit in the Community Improvement sector that reported $308K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $77K, a strong 25% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF CARRYING OUT AND SUPPORTING THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE GREATER CARLISLE AREA CHAMBER OF COMMERCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $106,754

Program Service Revenue $177,277

Investment Income $5,032

Other Revenue $19,154

TOTAL REVENUE $308,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,090

Fundraising Expenses $8,729

Program Expenses $159,970

Other Expenses $168,794

TOTAL EXPENSES $230,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,217	$385,675	-0.2%
Expenses	$230,884	$269,990	-0.1%
Net Income	$77,333	$115,685	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CURTIS	CHAIR	5.00	Officer Director	$0	$0	$0
BARRIE ANN GEORGE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JEFFREY GAYMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
HAROLD BRANDT	CHAMBER APPOINTEE	2.00	Director	$0	$0	$0
MICHELLE LISK	BUSINESS IN EDUCATION CHAI	4.00	Director	$0	$0	$0
LAURA POTTHOFF	CHAMBER APPOINTEE	3.00	Director	$0	$0	$0
BRADLEY GRIFFIE	CHAMBER APPOINTEE	2.00	Director	$0	$0	$0
ERIK OLSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
COLLEEN FRIEND	CHAMBER APPOINTEE	2.00	Director	$0	$0	$0
DICK MURPHY	CHAMBER APPOINTEE	2.00	Director	$0	$0	$0
NICOLE DEARY	SECRETARY	40.00	Officer	$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	No data	No data	No data	No data
2024	$308,217	$230,884	$666,455	$77,333
2023	$385,675	$269,990	$569,491	$115,685
2022	$110,554	$153,651	$514,463	$-43,097
2021	$107,722	$111,941	$524,629	$-4,219
2020	$122,172	$181,468	$523,376	$-59,296
2019	$90,427	$148,477	$563,395	$-58,050

CARLISLE AREA ECONOMIC DEVELOPMENT CORPORATION INC