DELAWARE COUNTY ECONOMIC DEVELOPME… - 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

1990

Legal Domicile

Principal Officer

LAURA GOODRICH CAIRNS

Phone

6105662225

Tax Period

2023-01-01 to 2023-12-31

DELAWARE COUNTY ECONOMIC DEVELOPMENT OVERSIGHT BOARD, founded in 1990, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $302K, a strong 24% operating margin.

Mission

TO PROMOTE NEW BUSINESS AND ASSIST EXISTING BUSINESSES IN DELAWARE COUNTY, PA TO CREATE EMPLOYMENT OPPORTUNITIES

Program Service Accomplishments

Program 1

Expenses: $726,399

TO PROMOTE NEW BUSINESS AND ASSIST EXISTING BUSINESSES IN DELAWARE COUNTY, PA TO CREATE EMPLOYMENT OPPORTUNITIES

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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 $1,080,928

Program Service Revenue $115,681

Investment Income $45,446

Other Revenue $0

TOTAL REVENUE $1,242,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,029

Fundraising Expenses $0

Program Expenses $726,399

Other Expenses $644,503

TOTAL EXPENSES $940,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,242,055	$1,728,811	-0.3%
Expenses	$940,532	$1,388,623	-0.3%
Net Income	$301,523	$340,188	-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

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
JAMES HARPER JR	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANCES M SHEEHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER RYKARD	BOARD MEMBER	2.00	Director	$0	$0	$0
SEAN HAROLD MCINTOSH	TREASURER	2.00	Officer	$0	$0	$0
ELAINE PAUL SCHAEFER	CHAIRPERSON	2.00	Officer	$0	$0	$0
JAMAL O JOHNSON	VICE CHAIRMAN	2.00	Officer	$0	$0	$0
ANTHONY LUSI	ASSISTANT TREASURER	2.00	Officer	$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	$1,242,055	$940,532	$2,413,297	$301,523
2022	$1,728,811	$1,388,623	$2,260,035	$340,188
2021	$10,697,300	$10,499,671	$2,255,958	$197,629
2020	$12,649,452	$12,404,114	$1,314,007	$245,338
2019	$824,092	$1,102,685	$1,055,119	$-278,593
2018	$868,520	$728,876	$1,332,350	$139,644

DELAWARE COUNTY ECONOMIC DEVELOPMENT OVERSIGHT BOARD