JOHNSTOWN INDUSTRIAL DEVELOPMENT C… - 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

1950

Legal Domicile

Principal Officer

JEFFRY CRAMER

Phone

8145358675

Tax Period

2024-01-01 to 2024-12-31

JOHNSTOWN INDUSTRIAL DEVELOPMENT CORPORA, founded in 1950, is a small nonprofit in the Community Improvement sector that reported $300K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $453K exceeded revenue, resulting in a 51% operating deficit.

Mission

PROMOTION OF ECONOMIC DEVELOPMENT IN THE REGION

Program Service Accomplishments

Program 1

Expenses: $243,189

INCUBATOR/JARI CENTER/RENTAL PROPERTIES- PROVIDES OFFICE SPACE TO QUALIFYING BUSINESSES AT BELOW MARKET RATES.

Program 2

Expenses: $23,510

JOHNSTOWN BUSINESS PARK- A PROGRAM ESTABLISHED TO PURCHASE AND SUBSEQUENTLY DEVELOP LAND AS AN EXPANSION OF THE JOHNSTOWN INDUSTRIAL PARK. THIS EXPANSION LAND IS ALSO TO BE SOLD TO COMPANIES AT...

JOHNSTOWN BUSINESS PARK- A PROGRAM ESTABLISHED TO PURCHASE AND SUBSEQUENTLY DEVELOP LAND AS AN EXPANSION OF THE JOHNSTOWN INDUSTRIAL PARK. THIS EXPANSION LAND IS ALSO TO BE SOLD TO COMPANIES AT REASONABLE PRICES, TO ENABLE THEM TO GROW AND CREATE NEW JOBS IN THE AREA.

Program 3

Expenses: $15,659

RACP - JARI PROVIDES SUPPORT SERVICES AS PART OF THEIR SERVICE AGREEMENT WITH JIDC FOR THE REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM (RACP).

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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 $45,418

Program Service Revenue $201,368

Investment Income $53,371

Other Revenue $10

TOTAL REVENUE $300,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $376,688

Other Expenses $453,338

TOTAL EXPENSES $453,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,167	$2,296,067	-0.9%
Expenses	$453,338	$2,501,999	-0.8%
Net Income	$-153,171	$-205,932	-0.3%

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

$263,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFRY D CRAMER	CHAIRMAN	0.25	Officer Director	$0	$0	$0
MICHAEL PAULMAN	VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
ROBERT J CABALA	DIRECTOR	0.25	Director	$0	$0	$0
ETHAN STEWART	DIRECTOR	0.25	Director	$0	$0	$0
DAVID J MROZOWSKI	DIRECTOR	0.25	Director	$0	$0	$0
LISA SHIRT	DIRECTOR	0.25	Director	$0	$0	$0
CHARITY VOLAND	DIRECTOR	0.25	Director	$0	$0	$0
REGINA COUGHENOUR	DIRECTOR	0.25	Director	$0	$0	$0
MELISSA MENIE	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN VOLK	TREASURER	0.25	Officer Director	$0	$0	$0
VINCENT P STRUGALA II	SECRETARY	0.25	Officer Director	$0	$0	$0
MICHELE CLAPPER	ASST SECRETARY	1.00	Officer	$0	$38,596	$149,666
BRENDA FIKE	ASST SECRETARY	1.00	Officer	$0	$25,542	$113,913
LINDA THOMSON	FORMER PRESIDENT, CEO	1.00		$0	$41,441	$212,264

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	$300,167	$453,338	$5,397,945	$-153,171
2023	$2,296,067	$2,501,999	$5,457,862	$-205,932
2022	$193,085	$433,220	$5,623,166	$-240,135
2021	$3,050,286	$3,267,860	$5,749,369	$-217,574
2020	$1,519,262	$1,357,219	$6,141,751	$162,043
2019	$465,588	$542,655	$6,254,069	$-77,067
2018	$422,063	$521,911	$6,238,743	$-99,848

JOHNSTOWN INDUSTRIAL DEVELOPMENT CORPORA