PHILADELPHIA SHIPYARD DEVELOPMENT CORPORATION (EIN 232939646) - 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

1997

Legal Domicile

Principal Officer

LISA CHAMBERS

Phone

2154652363

Tax Period

2024-01-01 to 2024-12-31

PHILADELPHIA SHIPYARD DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $298K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $253K left a modest 15% surplus.

Mission

PSDCS PRIMARY EXEMPT PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT FOR TWO GOVERNMENTAL ORGANIZATIONS: COMMONWEALTH OF PA (COMMONWEALTH)AND CITY OF PHILADELPHIA (CITY)

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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 $77,539

Program Service Revenue $0

Investment Income $19,515

Other Revenue $200,986

TOTAL REVENUE $298,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,200

Fundraising Expenses $0

Program Expenses $145,273

Other Expenses $123,226

TOTAL EXPENSES $253,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,040	$389,891	-0.2%
Expenses	$253,426	$227,780	+0.1%
Net Income	$44,614	$162,111	-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

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

$138,136

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MANUEL N STAMATAKIS	CHAIRPERSON	1.00	Director	$0	$0	$0
MICHAEL J ACKER	TREASURER	1.00	Director	$0	$0	$0
WILLIAM P HANKOWSKY	SECRETARY	1.00	Director	$0	$0	$0
JOHN SALER	MEMBER	1.00	Director	$0	$0	$0
JIM SNELL	MEMBER	1.00	Director	$0	$0	$0
LISA M CHAMBERS	EXEC DIR	40.00	Officer	$106,000	$32,136	$138,136

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	$298,040	$253,426	$954,566	$44,614
2023	$389,891	$227,780	$987,195	$162,111
2022	$392,103	$223,821	$994,472	$168,282
2021	$265,647	$192,390	$579,104	$73,257
2020	$146,626	$197,081	$505,847	$-50,455
2019	$3,380	$245,786	$296,302	$-242,406
2018	$6,755	$260,491	$538,708	$-253,736

PHILADELPHIA SHIPYARD DEVELOPMENT CORPORATION