LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION (LVEDC) (EIN 232798276) - 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

1995

Legal Domicile

Principal Officer

DONALD T CUNNINGHAM JR

Phone

6102666775

Tax Period

2024-01-01 to 2024-12-31

LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION (LVEDC), founded in 1995, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION IS TO MARKET THE ECONOMIC ASSETS OF THE LEHIGH VALLEY AND TO CREATE PARTNERSHIPS TO SUPPORT THE RECRUITMENT, GROWTH, AND RETENTION OF EMPLOYERS AND THE CREATION OF JOBS FOR PEOPLE OF ALL SKILL AND EDUCATION LEVELS.

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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 $2,888,177

Program Service Revenue $324,998

Investment Income $123,690

Other Revenue $751

TOTAL REVENUE $3,337,616

Expense Breakdown

Grants Paid $32,000

Salaries & Benefits $2,117,884

Fundraising Expenses $62,245

Program Expenses $2,546,313

Other Expenses $1,197,084

TOTAL EXPENSES $3,346,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,337,616	$3,329,962	+0.0%
Expenses	$3,346,968	$3,111,526	+0.1%
Net Income	$-9,352	$218,436	-1.0%

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

$522,920

Total Directors

$339,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD T CUNNINGHAM JR	PRESIDENT/CEO	40.00	Officer Director	$303,117	$36,315	$339,432
EDWARD DOUGHERTY	CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN HOFF	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
DAN MCCARTHY	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL ANTHONY	BOARD MEMBER	1.00	Director	$0	$0	$0
HONORABLE PHILLIPS ARMSTRONG	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ANN D BIEBER	BOARD MEMBER	1.00	Director	$0	$0	$0
GUNNAR BRUNIUS	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM IKE	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM GALCZYNSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LISA GREENAWALT	BOARD MEMBER	1.00	Director	$0	$0	$0
REV JAMES GREENFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
HONORABLE DAN HARTZELL	BOARD MEMBER	1.00	Director	$0	$0	$0
T ANTHONY IANNELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
NEAL KOPLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LANDSBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN LARKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
HONORABLE LAMONT MCCLURE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE MCGRATH	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELLY MCWILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX MICHAELS	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND MIDLAM	BOARD MEMBER	1.00	Director	$0	$0	$0
HONORABLE SAL PANTO JR	BOARD MEMBER	1.00	Director	$0	$0	$0
HONORABLE J WILLIAM REYNOLDS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR TINA Q RICHARDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LOREN SPEZIALE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN STENNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
HONORABLE MATT TUERK	BOARD MEMBER	1.00	Director	$0	$0	$0
R SCOTT UNGER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKIE DOULE'	BOARD MEMBER	1.00	Director	$0	$0	$0
DREW LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD REYNOLDS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI HEFFNER VARGO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAIME M WHALEN	EXEC VP & CHIEF OF STAFF	40.00	Officer	$156,029	$27,459	$183,488
KARIANNE GELINAS	VP OF REG PTPS & TALENT ST	40.00	Highest	$130,682	$26,256	$156,938
KRISTIN CAHAYLA-HOFFMAN	VP OF BUS DVLPMT & ATTRACT	40.00	Highest	$129,347	$26,032	$155,379
NICOLE MERTZ	VP MKTG, COMM & RESEARCH	40.00	Highest	$132,675	$19,220	$151,895

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	$3,337,616	$3,346,968	$5,938,614	$-9,352
2023	$3,329,962	$3,111,526	$6,107,133	$218,436
2022	$3,199,006	$3,060,552	$6,009,502	$138,454
2021	$6,020,924	$4,985,298	$3,898,442	$1,035,626
2020	$4,906,265	$4,807,294	$2,734,506	$98,971
2019	$3,085,817	$2,987,612	$2,409,923	$98,205
2018	$3,051,975	$2,985,285	$2,441,280	$66,690

LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION (LVEDC)