ADAMS COUNTY ECONOMIC DEVELOPMENT … - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

ROBIN FITZPATRICK

Phone

7173340042

Tax Period

2025-01-01 to 2025-12-31

ADAMS COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1960, is a small nonprofit that reported $964K in total revenue in fiscal year 2025. Expenses of $839K left a modest 13% surplus.

Mission

THE ADAMS COUNTY ECONOMIC DEVELOPMENT CORPORATION IS A PRIVATE, NOT-FOR-PROFIT CORPORATION DEDICATED TO PROVIDING COUNTYWIDE ECONOMIC DEVELOPMENT SERVICES TO BENEFIT THE CITIZENS OF ADAMS COUNTY. THE ORGANIZATION'S PROGRAMS ARE DESIGNED TO ASSIST EXISTING EMPLOYERS AND ALSO TO ATTRACT NEW EMPLOYERS TO THE ADAMS COUNTY AREA. THE ORGANIZATION'S AIM IS TO ASSIST WITH JOB CREATION AND JOB SUSTAINING PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $440,678 Revenue: $437,008

THE ORGANIZATION'S AIM IS TO ASSIST WITH JOB CREATION AND JOB SUSTAINING PROJECTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $491,314

Program Service Revenue $437,008

Investment Income $11,493

Other Revenue $24,109

TOTAL REVENUE $963,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $587,812

Fundraising Expenses $0

Program Expenses $440,678

Other Expenses $251,391

TOTAL EXPENSES $839,203

Year-over-Year Comparison

	2025	2024	Change
Revenue	$963,924	$892,776	+0.1%
Expenses	$839,203	$799,804	+0.0%
Net Income	$124,721	$92,972	+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

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

$260,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE NACE	CHAIR	2.00	Officer Director	$0	$0	$0
SARAH MESSER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RONALD HANKEY	TREASURER - TO FEBRUARY	2.00	Officer Director	$0	$0	$0
ANDREA FOORE	TREASURER/SECRETARY - FROM FEBRUARY	2.00	Officer Director	$0	$0	$0
ISAAC BUCHER	DIRECTOR - FROM APRIL	2.00	Director	$0	$0	$0
EDITH CIMINO	DIRECTOR - FROM FEBRUARY	2.00	Director	$0	$0	$0
MICHAEL COGLIANO	DIRECTOR	2.00	Director	$0	$0	$0
CHAD COLLIE	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN ECKENRODE	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA HARTMAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LAUGHMAN	DIRECTOR	2.00	Director	$0	$0	$0
HARLAN LAWSON	DIRECTOR - FROM FEBRUARY	2.00	Director	$0	$0	$0
NED LEPPO	DIRECTOR	2.00	Director	$0	$0	$0
KARL PIETRZAK	DIRECTOR	2.00	Director	$0	$0	$0
MARTY QUALLY	DIRECTOR	2.00	Director	$0	$0	$0
JEFF TURNER	DIRECTOR - FROM DECEMBER	2.00	Director	$0	$0	$0
RALPH SERPE	DIRECTOR - FROM APRIL	2.00	Director	$0	$0	$0
SHANON TOAL	DIRECTOR	2.00	Director	$0	$0	$0
STEVE RASMUSSEN	DIRECTOR - THROUGH NOVEMBER	2.00	Director	$0	$0	$0
CARRIE STUART	DIRECTOR - THROUGH JANUARY	2.00	Director	$0	$0	$0
ROBIN FITZPATRICK	PRESIDENT	40.00	Officer	$131,356	$24,734	$156,090
KAYCEE KEMPER	VICE PRESIDENT	40.00	Officer	$91,280	$13,557	$104,837
THOMAS O'CONNOR	PADC EXECUTIVE DIRECTOR	40.00	Highest	$141,000	$16,074	$157,074

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	$963,924	$839,203	$2,760,633	$124,721
2024	$892,776	$799,804	$2,955,538	$92,972
2023	$667,695	$643,580	$3,073,988	$24,115
2022	$545,277	$567,040	$2,928,974	$-21,763
2021	$578,405	$498,579	$3,137,424	$79,826
2020	$569,432	$479,224	$3,230,343	$90,208
2019	$556,687	$492,115	$3,275,113	$64,572
2018	$576,099	$497,481	$3,391,947	$78,618

ADAMS COUNTY ECONOMIC DEVELOPMENT CORPORATION