POTTSTOWN AREA INDUSTRIAL DEVELOPMENT INC

EIN: 231878840 501(c)(3) Community Improvement

POTTSTOWN, PA

Total Revenue
$756,620
Total Expenses
$524,846
Total Assets
$354,223
Net Assets
$324,313
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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
1965
Legal Domicile
PA
Principal Officer
JOHN BOWN III
Phone
6103262900
Tax Period
2024-01-01 to 2024-12-31

POTTSTOWN AREA INDUSTRIAL DEVELOPMENT INC, founded in 1965, is a small nonprofit in the Community Improvement sector that reported $757K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $232K, a strong 31% operating margin.

Mission

PAID'S MISSION IS TO DEVELOP, COORDINATE AND IMPLEMENT AN OVERALL ECONOMIC DEVELOPMENT STRATEGY FOR THE BOROUGH OF POTTSTOWN DESIGNED TO STIMULATE INVESTMENT WHICH WILL MAINTAIN AND ENHANCE THE TAX BASE; RETAIN AND CREATE JOB OPPORTUNITIES; AND RESTORE AND UTILIZE OR REMOVE UNDER-UTILIZED BUILDINGS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $732,332
Program Service Revenue $24,107
Investment Income $181
Other Revenue $0
TOTAL REVENUE $756,620

Expense Breakdown

Grants Paid $0
Salaries & Benefits $299,957
Fundraising Expenses $0
Program Expenses $450,739
Other Expenses $224,889
TOTAL EXPENSES $524,846

Year-over-Year Comparison

2024 2023 Change
Revenue $756,620 $556,772 +0.4%
Expenses $524,846 $524,769 +0.0%
Net Income $231,774 $32,003 +6.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
3
Volunteers
15

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
4
$120,819
Total Directors
16
$120,819
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET LEE-CLARK EXECUTIVE DIR/ SECRETARY 40.00
Officer Director
$108,131 $12,688 $120,819
STEPHEN RODRIGUEZ PRESIDENT 1.00
Officer Director
$0 $0 $0
ALIYAH STRANGER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
EILEEN DAUTRICH TREASURER 1.00
Officer Director
$0 $0 $0
JUSTIN KELLER BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD MCLAUGLIN START 924 BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN JONES BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HEFFNER BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD NEWELL UNTIL 424 BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE KRAYBILL BOARD MEMBER 1.00
Director
$0 $0 $0
RICK WOOD BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN A BOWN III BOARD MEMBER 1.00
Director
$0 $0 $0
JON COHN BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL GLENNON BOARD MEMBER 1.00
Director
$0 $0 $0
CELESTE SCHWARTZ BOARD MEMBER 1.00
Director
$0 $0 $0
LOUIS RIEGER BOARD MEMBER 1.00
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 $756,620 $524,846 $354,223 $231,774
2023 $556,772 $524,769 $118,553 $32,003
2022 $325,420 $368,238 $86,550 $-42,818
2021 $425,642 $472,765 $129,368 $-47,123
2020 $254,433 $309,949 $176,491 $-55,516
2019 $279,399 $235,429 $232,007 $43,970
2018 $133,023 $194,282 $188,037 $-61,259
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