PHOENIXVILLE AREA ECONOMIC DEVELOP… - 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

1981

Legal Domicile

Principal Officer

KURT KUNSCH

Phone

6109333070

Tax Period

2022-07-01 to 2023-06-30

PHOENIXVILLE AREA ECONOMIC DEVELOPMENT CORPORATION, founded in 1981, is a micro nonprofit that reported $11K in total revenue in fiscal year 2022. Expenses of $57K exceeded revenue, resulting in a 443% operating deficit.

Mission

PROMOTE ECONOMIC DEVELOPMENT AND QUALITY OF LIFE IN PHOENIXVILLE THROUGH STRATEGIC INVESTMENTS.

Program Service Accomplishments

Program 1

Expenses: $54,850

MAINTAINED LOCAL PROPERTIES OF HISTORIC INTEREST, TO PROMOTE ECONOMIC DEVELOPMENT AND QUALITY OF LIFE IN PHOENIXVILLE, PA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $10,551

Other Revenue $0

TOTAL REVENUE $10,551

Expense Breakdown

Grants Paid $54,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,850

Other Expenses $2,458

TOTAL EXPENSES $57,308

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,551	$10,154	+0.0%
Expenses	$57,308	$83,926	-0.3%
Net Income	$-46,757	$-73,772	-0.4%

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
KURT KUNSCH	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREGORY CARE	TREASURER	1.00	Officer Director	$0	$0	$0
MITCHELL READING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SUE MEADOWS	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL POLIN	BOARD MEMBER	0.50	Director	$0	$0	$0
ADAM SUPLEE	BOARD MEMBER	0.50	Director	$0	$0	$0
ANNE CUMMINS	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL MURRAY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN COLLARUSSO	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE JARMON	BOARD MEMBER	0.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$10,551	$57,308	$841,111	$-46,757
2022	$10,154	$83,926	$888,187	$-73,772
2021	$13,386	$2,418	$965,786	$10,968
2020	$2,804	$3,630	$942,222	$-826
2019	$15,185	$999	$941,856	$14,186

PHOENIXVILLE AREA ECONOMIC DEVELOPMENT CORPORATION