INSTITUTE FOR ECONOMIC DEVELOPMENT (EIN 232843207) - 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

1996

Legal Domicile

Principal Officer

LISA GAFFNEY

Phone

6104477861

Tax Period

2024-07-01 to 2025-06-30

INSTITUTE FOR ECONOMIC DEVELOPMENT, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $273K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $65K, a strong 24% operating margin.

Mission

IMPLEMENT PROGRAMS TO PROMOTE THE DEVELOPMENT OF THE DELAWARE COUNTY WATERFRONT.

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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 $221,346

Program Service Revenue $0

Investment Income $51,543

Other Revenue $0

TOTAL REVENUE $272,889

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,117

Other Expenses $206,587

TOTAL EXPENSES $207,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,889	$729,503	-0.6%
Expenses	$207,587	$432,155	-0.5%
Net Income	$65,302	$297,348	-0.8%

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

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
ADAM KALINER	CHAIR/PRESIDENT	1.00	Officer Director	$0	$0	$0
DR STACEY ROBERTSON	VICE CHAIR/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA GAFFNEY	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
TIM MCDERMOTT	SECRETARY	1.00	Officer Director	$0	$0	$0
GERALD MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
JON COHN	DIRECTOR	1.00	Director	$0	$0	$0
VINCE DEL ROSSI	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE MCFALL	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES SHEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GOODRICH CAIRNS	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY BRANDON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TURNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
ZARA ALAYAN	DIRECTOR	1.00	Director	$0	$0	$0
VICKY PATEL	DIRECTOR	1.00	Director	$0	$0	$0
TODD STRINE	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN DUNN	DIRECTOR	1.00	Director	$0	$0	$0
SHEPARD GARNER	DIRECTOR	1.00	Director	$0	$0	$0
REGAN HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
MARTA YERA CRONIN	DIRECTOR	1.00	Director	$0	$0	$0
DR LATRICE MUMIN	DIRECTOR AS OF 12/1/24	1.00	Director	$0	$0	$0
CINDY THOMPSON	DIRECTOR AS OF 9/1/24	1.00	Director	$0	$0	$0
STEVEN FISCHER	DIRECTOR UNTIL 8/31/24	1.00	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	$272,889	$207,587	$1,701,013	$65,302
2024	$729,503	$432,155	$1,557,098	$297,348
2023	$889,100	$1,228,778	$1,642,013	$-339,678
2022	$960,990	$233,213	$1,642,197	$727,777
2021	$732,750	$410,920	$856,102	$321,830
2020	$657,766	$410,286	$585,223	$247,480
2019	$304,794	$228,862	$289,967	$75,932
2018	$239,035	$237,790	$202,546	$1,245

INSTITUTE FOR ECONOMIC DEVELOPMENT