STEEL VALLEY ENTERPRISE ZONE CORPO… - 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

1985

Legal Domicile

Principal Officer

DAN KELLY

Phone

4124699331

Tax Period

2023-01-01 to 2023-12-31

STEEL VALLEY ENTERPRISE ZONE CORPORATION, founded in 1985, is a micro nonprofit in the Community Improvement sector that reported $54K in total revenue in fiscal year 2023. Revenue surged 292% from the prior year, signaling strong growth momentum. Expenses of $69K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROMOTE ECONOMIC FURTHERANCE OF THE COMMUNITY THROUGH ASSISTANCE INCLUDING: LOW INTEREST LOANS, COMMUNITY ENHANCEMENTS, AND TECHNICAL ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $63,508 Revenue: $3,299

BUSINESS DEVELOPMENT LOAN PROGRAM--THE ORGANIZATION PROVIDES ASSISTANCE THROUGH LOW INTEREST LOANS, COMMUNITY ENHANCEMENTS, AND TECHNICAL ASSISTANCE TO PROMOTE THE ECONOMIC FURTHERANCE OF THE...

BUSINESS DEVELOPMENT LOAN PROGRAM--THE ORGANIZATION PROVIDES ASSISTANCE THROUGH LOW INTEREST LOANS, COMMUNITY ENHANCEMENTS, AND TECHNICAL ASSISTANCE TO PROMOTE THE ECONOMIC FURTHERANCE OF THE COMMUNITY.

Program 2

Expenses: $3,400 Revenue: $8,612

MAIN STREET DEVELOPMENT/TIF PROGRAM--LOW INTEREST LOANS, INVESTMENT IN PROPERTIES, AND MAIN STREET INFRASTRUCTURE ENHANCEMENTS ARE ALL USED TO PROMOTE ECONOMIC DEVELOPMENT IN THE COMMUNITY.

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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 $11,912

Investment Income $41,960

Other Revenue $0

TOTAL REVENUE $53,872

Expense Breakdown

Grants Paid $1,700

Salaries & Benefits $7,181

Fundraising Expenses $0

Program Expenses $66,908

Other Expenses $60,509

TOTAL EXPENSES $69,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,872	$13,738	+2.9%
Expenses	$69,390	$55,506	+0.3%
Net Income	$-15,518	$-41,768	-0.6%

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
DAN KELLY	President	2.00	Officer	$0	$0	$0
STEVEN KOVACIK	Vice President	2.00	Officer	$0	$0	$0
JAMIE DUCAR	Secretary	2.00	Officer	$0	$0	$0
CHARLES BENNETT	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	$53,872	$69,390	$1,782,164	$-15,518
2023	$52,270	$62,081	$1,787,871	$-9,811
2022	$13,738	$55,506	$1,797,682	$-41,768
2021	$14,305	$49,934	$1,839,450	$-35,629
2020	$28,976	$101,812	$1,875,079	$-72,836

STEEL VALLEY ENTERPRISE ZONE CORPORATION