HARRISTOWN DEVELOPMENT CORPORATION (EIN 231929262) - 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

1974

Legal Domicile

Principal Officer

BRADLEY JONES

Phone

7172365061

Tax Period

2023-01-01 to 2023-12-31

HARRISTOWN DEVELOPMENT CORPORATION, founded in 1974, is a mid-sized nonprofit that reported $18.7M in total revenue in fiscal year 2023.

Mission

COMBAT URBAN DETERIORATION AND ENHANCE THE QUALITY OF THE SOCIAL, CULTURAL, AND ECONOMIC LIFE OF THE COMMUNITY.

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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 $0

Program Service Revenue $17,559,970

Investment Income $327,649

Other Revenue $815,429

TOTAL REVENUE $18,703,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,323,341

Fundraising Expenses $0

Program Expenses $16,659,893

Other Expenses $16,876,764

TOTAL EXPENSES $18,200,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,703,048	$18,623,535	+0.0%
Expenses	$18,200,105	$18,013,888	+0.0%
Net Income	$502,943	$609,647	-0.2%

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

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

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

$1,323,342

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID E BLACK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
J MARC KUROWSKI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL J ALDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN O CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
CAROL P COCHERES ESQUIRE	DIRECTOR	1.00	Director	$0	$0	$0
JULIA COELHO ESQUIRE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN GUNNISON ESQUIRE	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND B HARRIS III	DIRECTOR	1.00	Director	$0	$0	$0
KURT KNAUS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MOREFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA RITCHIE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS B SCHMIDT III ESQUIRE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SIDER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE WASHKO	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN WEBER	DIRECTOR	1.00	Director	$0	$0	$0
MARY WEBBER WESTON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN C YARRISH ESQUIRE	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY R JONES	PRESIDENT & CEO	30.00	Officer	$0	$33,673	$326,050
HANNAH DOWD MCPHELIN START 11822	VP & GENERAL COUNSEL	30.00	Officer	$0	$12,921	$222,524
JULIEN GAUDION	VICE PRESIDENT	10.00	Officer	$0	$14,400	$200,542
ANDREW S MCCLEAF	VP, TREASURER, CFO	30.00	Officer	$0	$25,825	$202,925
CAROL G ROSSI	VICE- PRESIDENT	10.00	Officer	$0	$5,656	$173,026
JULIE SHADE	ASST SECRETARY	30.00	Officer	$0	$10,659	$76,229
ASHLEY JAMES	ASST SECRETARY	30.00	Officer	$0	$10,360	$63,212
DENISE TREASTER	ASST SECRETARY	10.00	Officer	$0	$10,208	$58,834
NEAL S WEST	SENIOR VP & GENERAL COUNSE	30.00		$0	$8,019	$154,354

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	No data	No data	No data	No data
2023	$18,703,048	$18,200,105	$36,935,825	$502,943
2022	$18,623,535	$18,013,888	$35,734,091	$609,647
2021	$19,028,512	$17,201,888	$29,766,695	$1,826,624
2020	$18,204,179	$16,700,331	$28,322,689	$1,503,848
2019	$17,816,451	$17,186,478	$25,881,661	$629,973
2018	$17,563,700	$17,006,482	$24,649,071	$557,218

HARRISTOWN DEVELOPMENT CORPORATION