Northumberland County Industrial Development Authority (EIN 232028312) - 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

1972

Legal Domicile

Principal Officer

Ned Sodrick

Phone

5709884279

Tax Period

2021-01-01 to 2021-12-31

Northumberland County Industrial Development Authority, founded in 1972, is a micro nonprofit that reported $7K in total revenue in fiscal year 2021. Revenue surged 111% from the prior year, signaling strong growth momentum. Expenses of $11K exceeded revenue, resulting in a 71% operating deficit.

Mission

NCIDA oversees and coordinates industrial development policy & activity for the County. Assists in site selection & development, marketing, financial packaging for industrial firms. Conduit for industrial revenue bonds. Runs the County Indstrl Revolving Loan Fund.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,000

Investment Income $1,568

Other Revenue $0

TOTAL REVENUE $6,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $11,258

TOTAL EXPENSES $11,258

Year-over-Year Comparison

	2021	2020	Change
Revenue	$6,568	$3,117	+1.1%
Expenses	$11,258	$14,214	-0.2%
Net Income	$-4,690	$-11,097	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ned Sodrick	Chairman	1.00	Officer Director	$0	$0	$0
Tom Rall	Board Member	1.00	Officer Director	$0	$0	$0
Todd Laudenslager	Board Member	1.00	Director	$0	$0	$0
Janice Kotwica	Vice Chair	1.00	Director	$0	$0	$0
Judy Surak	Board Member	1.00	Director	$0	$0	$0
Roger Wiest	Solicitor	1.00	Director	$0	$0	$0
Richard Robey	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
2021	$6,568	$11,258	No data	$-4,690
2020	$3,117	$14,214	$422,454	$-11,097
2019	$30,100	$7,964	$433,551	$22,136
2018	$13,109	$16,369	$411,415	$-3,260

Northumberland County Industrial Development Authority