BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION (EIN 232211627) - 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

1982

Legal Domicile

Principal Officer

ALICIA MILLER KARNER

Phone

6108657056

Tax Period

2023-01-01 to 2023-12-31

BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION, founded in 1982, is a small nonprofit that reported $702K in total revenue in fiscal year 2023.

Mission

THE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ALL BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA, WITH AN EMPHASIS ON PROMOTING THE DEVELOPMENT OF MANUFACTURING, INDUSTRIAL, RESEARCH AND DEVELOPMENT ENTERPRISES; - TO COORDINATE A UNIFIED DOWNTOWN ORGANIZATION AND RETAIL STRATEGY; AND - TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL , STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNING, REPLANNING, DEVELOPMENT, RENEWAL , REDEVELOPMENT AND IMPROVEMENT OF BUSINESS IN THE CITY OF BETHLEHEM, LEHIGH AND NORTHAMPTON COUNTIES, PENNSYLVANIA, ALL FOR THE PRIMARY PURPOSE OF COMBAT

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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 $663,355

Investment Income $38,703

Other Revenue $0

TOTAL REVENUE $702,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $738,021

Other Expenses $744,760

TOTAL EXPENSES $744,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,058	$675,302	+0.0%
Expenses	$744,760	$715,255	+0.0%
Net Income	$-42,702	$-39,953	+0.1%

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

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
LAURA COLLINS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL COLON	DIRECTOR	1.00	Director	$0	$0	$0
DON CUNNINGHAM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ED DOUGHERTY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC EVANS	TREASURER	1.00	Officer Director	$0	$0	$0
ALICIA MILLER KARNER	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
BRETT LUDWIG	DIRECTOR	1.00	Director	$0	$0	$0
MAYOR J WILLIAM REYNOLDS	PRESIDENT	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$702,058	$744,760	$2,004,845	$-42,702
2022	$675,302	$715,255	$2,009,089	$-39,953
2021	$626,306	$682,445	$1,979,992	$-56,139
2020	$742,221	$712,465	$2,026,596	$29,756
2019	$845,241	$720,593	$1,857,751	$124,648
2018	$599,693	$693,066	$1,733,217	$-93,373

BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION