ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION (EIN 232101393) - 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

1979

Legal Domicile

Principal Officer

R SCOTT UNGER

Phone

6104358890

Tax Period

2024-07-01 to 2025-06-30

ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum.

Mission

TO PROACTIVELY IDENTIFY, ENCOURAGE, AND DEVELOP BUSINESS OPPORTUNITIES FOR THE LEHIGH VALLEY.

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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 $1,560,509

Program Service Revenue $1,909,473

Investment Income $187,826

Other Revenue $159,945

TOTAL REVENUE $3,817,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $952,395

Fundraising Expenses $0

Program Expenses $3,124,115

Other Expenses $2,958,864

TOTAL EXPENSES $3,911,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,817,753	$1,706,842	+1.2%
Expenses	$3,911,259	$2,157,250	+0.8%
Net Income	$-93,506	$-450,408	-0.8%

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

$191,587

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD M BERNHARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN G ENGLESSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MATTHEW B GREEN	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN E YOUNGS	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW TUERK	DIRECTOR	1.00	Director	$0	$0	$0
DON CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ROMA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID QUIER	DIRECTOR	1.00	Director	$0	$0	$0
VICKY KISTLER	DIRECTOR	1.00	Director	$0	$0	$0
DARYL HENDRICKS	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY J HOLT	DIRECTOR	1.00	Director	$0	$0	$0
DAN QUAY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES K HARBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
R SCOTT UNGER	EXECUTIVE DIRECTOR	40.00	Officer	$165,575	$26,012	$191,587

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	$3,817,753	$3,911,259	$12,107,342	$-93,506
2024	$1,706,842	$2,157,250	$11,184,689	$-450,408
2023	$-13,870,273	$1,967,055	$14,594,861	$-15,837,328
2022	$2,229,356	$1,882,934	$29,276,532	$346,422
2021	$1,731,246	$1,894,181	$28,611,870	$-162,935
2020	$1,730,835	$1,694,481	$28,881,129	$36,354
2019	$982,360	$1,752,558	$28,589,201	$-770,198
2018	$1,577,103	$1,775,878	$29,169,004	$-198,775

ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION