LUZERNE COUNTY RAIL CORPORATION CO… - 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

1996

Legal Domicile

Principal Officer

JOHN PEKAROVSKY

Tax Period

2023-01-01 to 2023-12-31

LUZERNE COUNTY RAIL CORPORATION CO REDEVELOPMENT AUTHORITY OF LUZ CTY, founded in 1996, is a small nonprofit that reported $234K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $268K exceeded revenue, resulting in a 15% operating deficit.

Mission

OPERATING RAIL SERVICE

Program Service Accomplishments

Program 1

Expenses: $268,026 Revenue: $233,603

TO PROMOTE THE DEVELOPMENT AND RETENTION OF INDUSTRY AND EMPLOYMENT IN LUZERNE COUNTY, PA BY OWNING, OPERATING, MANAGING AND MAINTAINING RAIL SERVICE TO THE AREA

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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 $233,603

Investment Income $424

Other Revenue $0

TOTAL REVENUE $234,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $268,026

Other Expenses $268,026

TOTAL EXPENSES $268,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,027	$302,499	-0.2%
Expenses	$268,026	$413,445	-0.4%
Net Income	$-33,999	$-110,946	-0.7%

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
VINCENT FAYOCK	ASST SECRETA	N/A	Officer Director	$0	$0	$0
JAMES HADDOCK	MEMBER	N/A	Director	$0	$0	$0
SCOTT LINDE	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
MIKE LYNN	MEMBER	N/A	Director	$0	$0	$0
JOHN PEKAROVSKY	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
STEPHEN PHILLIPS	VICE-CHAIRPE	N/A	Officer Director	$0	$0	$0
MARK RABO	SECRETARY/TR	N/A	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
2023	$234,027	$268,026	$856,636	$-33,999
2022	$302,499	$413,445	$900,637	$-110,946
2021	$199,227	$192,154	$874,777	$7,073
2020	$185,537	$189,461	$880,205	$-3,924
2019	$206,829	$223,512	$883,386	$-16,683
2018	$198,988	$181,420	$902,512	$17,568

LUZERNE COUNTY RAIL CORPORATION CO REDEVELOPMENT AUTHORITY OF LUZ CTY