SCHUYLKILL RIVER DEVELOPMENT CORPORATION (EIN 232690558) - 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

1992

Legal Domicile

Principal Officer

HEATHER SAEGER

Phone

2153095523

Tax Period

2024-07-01 to 2025-06-30

SCHUYLKILL RIVER DEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $343K, a strong 17% operating margin.

Mission

REVITALIZE SCHUYLKILL RIVER CORRIDOR TO CONNECT NEIGHBORHOODS AND ENCOURAGE INVESTMENT.

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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 $1,707,947

Program Service Revenue $6,677

Investment Income $300,411

Other Revenue $0

TOTAL REVENUE $2,015,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $678,444

Fundraising Expenses $213,651

Program Expenses $1,190,421

Other Expenses $993,816

TOTAL EXPENSES $1,672,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,015,035	$2,082,403	0.0%
Expenses	$1,672,260	$1,705,111	0.0%
Net Income	$342,775	$377,292	-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

916

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

$263,485

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH R SYRNICK	PRESIDENT/CEO	52.0	Officer	$230,000	$33,485	$263,485
BLAISE SYRNYCK	OPERATIONS MANAGER	40.0	Highest	$107,500	$20,580	$128,080
HEATHER SAEGER	COO	40.0	Highest	$102,500	$16,086	$118,586
GERARD H SWEENEY	CHAIRMAN	1.5	Officer Director	$0	$0	$0
BRIAN KEECH	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
ANNE PAPAGEORGE	TREASURER	1.0	Officer Director	$0	$0	$0
MARC J ARMSTRONG	BOARD MEMBER	0.5	Director	$0	$0	$0
KATHY CACCIOLA	BOARD MEMBER	0.5	Director	$0	$0	$0
MICHAEL CARROLL PE	BOARD MEMBER	0.5	Director	$0	$0	$0
PAMELA CLARK	BOARD MEMBER	0.5	Director	$0	$0	$0
SCOTT COOPER	BOARD MEMBER	0.5	Director	$0	$0	$0
DAVID K CUFF	BOARD MEMBER	0.5	Director	$0	$0	$0
PASQUALE T DEON	BOARD MEMBER	0.5	Director	$0	$0	$0
KAREN FEGELY	BOARD MEMBER	0.5	Director	$0	$0	$0
JENNIFER HANNA	BOARD MEMBER	0.5	Director	$0	$0	$0
KEOLA HARRINGTON	BOARD MEMBER	0.5	Director	$0	$0	$0
JODIE HARRIS	BOARD MEMBER	0.5	Director	$0	$0	$0
EDWARD HAZZOURI ESQ	BOARD MEMBER	0.5	Director	$0	$0	$0
KENNETH E LAWRENCE	BOARD MEMBER	0.5	Director	$0	$0	$0
AMIE LEOPOLD	BOARD MEMBER	0.5	Director	$0	$0	$0
JOSEPH MCGINN	BOARD MEMBER	0.5	Director	$0	$0	$0
JOHN MONDLAK	BOARD MEMBER	0.5	Director	$0	$0	$0
DONALD MOORE	BOARD MEMBER	0.5	Director	$0	$0	$0
ROBERT NIX III ESQ	BOARD MEMBER	0.5	Director	$0	$0	$0
RODNEY J OGLESBY	BOARD MEMBER	0.5	Director	$0	$0	$0
AREN PLATT	BOARD MEMBER	0.5	Director	$0	$0	$0
SUSAN SLAWSON	BOARD MEMBER	0.5	Director	$0	$0	$0
KAREN SMITH	BOARD MEMBER	0.5	Director	$0	$0	$0
JOHN WESTRUM	BOARD MEMBER	0.5	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	$2,015,035	$1,672,260	$10,506,264	$342,775
2024	$2,082,403	$1,705,111	$10,174,623	$377,292
2023	$2,338,721	$3,069,841	$9,714,516	$-731,120
2022	$2,826,046	$2,606,789	$9,834,379	$219,257
2021	$6,965,044	$6,767,239	$9,926,359	$197,805
2020	$5,202,918	$4,526,328	$9,646,784	$676,590
2019	$5,358,138	$3,489,820	$9,138,716	$1,868,318
2018	$4,653,514	$4,481,269	$6,995,345	$172,245

SCHUYLKILL RIVER DEVELOPMENT CORPORATION