EDC FINANCE CORPORATION (EIN 232491931) - 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

1987

Legal Domicile

Principal Officer

EZRA ROTHMAN

Phone

7173974046

Tax Period

2024-01-01 to 2024-12-31

EDC FINANCE CORPORATION, founded in 1987, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $738K, a strong 37% operating margin.

Mission

TO FACILITATE INDUSTRIAL AND ECONOMIC DEVELOPMENT THROUGH THE ADMINISTRATION OF LOANS. THE PRIMARY PURPOSE OF EDC FINANCE CORPORATION IS TO FACILITATE INDUSTRIAL AND ECONOMIC DEVELOPMENT THROUGH THE ORIGINATION AND ADMINISTRATION OF LOANS MADE BY THE PA INDUSTRIAL DEVELOPMENT AUTHORITY, THE SMALL BUSINESS FIRST FUND, AND THE SBA 504 PROGRAM. THESE LOANS ARE USED TO ASSIST IN THE START UP AND EXPANSION OF SMALL BUSINESSES IN LANCASTER COUNTY.

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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 $926,239

Program Service Revenue $1,035,094

Investment Income $50,918

Other Revenue $0

TOTAL REVENUE $2,012,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,132,405

Other Expenses $1,274,721

TOTAL EXPENSES $1,274,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,012,251	$1,293,667	+0.6%
Expenses	$1,274,721	$1,114,024	+0.1%
Net Income	$737,530	$179,643	+3.1%

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

N/A

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

$441,352

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EZRA ROTHMAN	PRESIDENT	2.40	Officer	$0	$23,734	$165,625
JESSICA HAMILTON	VICE PRESIDE	37.50	Officer	$0	$6,348	$145,163
JOHN BIEMILLER	VICE PRESIDE	0.00	Officer	$0	$8,100	$130,564
KIMBERLY J DECKER	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELIN EBY	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN M EBY	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN K FARRELL	BOARD VICE C	2.00	Officer Director	$0	$0	$0
KURT GROFF	DIRECTOR	2.00	Director	$0	$0	$0
ROGER M GUTTRIDGE	DIRECTOR THR	2.00	Director	$0	$0	$0
BRETT D JACKSON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SAM JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
JOSE R LOPEZ	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT C SHOEMAKER	DIRECTOR	2.00	Director	$0	$0	$0
TONY H SMITH	DIRECTOR	2.00	Director	$0	$0	$0
DAN YOUNGS	DIRECTOR	2.00	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
2024	$2,012,251	$1,274,721	$2,698,465	$737,530
2023	$1,293,667	$1,114,024	$2,779,760	$179,643
2022	$1,017,373	$950,774	$2,667,867	$66,599
2021	$1,153,460	$1,001,559	$1,159,058	$151,901
2020	$872,319	$865,203	$1,446,564	$7,116
2019	$1,077,581	$925,551	$3,291,753	$152,030
2018	$1,284,125	$948,535	$4,805,594	$335,590

EDC FINANCE CORPORATION