LANSDOWNE ECONOMIC DEVELOPMENT CORP

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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

1998

Legal Domicile

Principal Officer

WILLIAM BROWN

Phone

6103949044

Tax Period

2024-01-01 to 2024-12-31

LANSDOWNE ECONOMIC DEVELOPMENT CORP, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $364K in total revenue in fiscal year 2024.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT WITHIN LANSDOWNE BOROUGH AND THE SURROUNDING COMMUNITIES AND NEIGHBORHOODS BORDERING LANDOWNE BOROUGH.

Program Service Accomplishments

Program 1

Expenses: $122,470

PROMOTED ECONOMIC ACTIVITY WITHIN LANSDOWNE BOROUGH THROUGH INCREASING THE NUMBER AND DIVERSITY OF RETAIL BUSINESSES, REDUCING STOREFRONT VACANCIES, ATTRACTING COMMERCIAL DEVELOPMENT AND BY PROMOTING...

Program 2

THROUGH LOCAL EVENTS AND SPONSORSHIPS, PROMOTE THE LANSDOWNE BUSINESS DISTRICT.

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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 $331,509

Program Service Revenue $32,946

Investment Income $6

Other Revenue $0

TOTAL REVENUE $364,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,257

Fundraising Expenses $0

Program Expenses $193,311

Other Expenses $205,841

TOTAL EXPENSES $366,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,461	$339,612	+0.1%
Expenses	$366,098	$353,522	+0.0%
Net Income	$-1,637	$-13,910	-0.9%

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
WILLIAM BROWN	BOARD CHAIR	5.00	Officer	$0	$0	$0
DR RYAN BATKIE	VICE CHAIR	5.00	Officer	$0	$0	$0
LOIS MARIE COOK	SECRETARY	5.00	Officer	$0	$0	$0
SKYLAR D BENTLEY	TREASURER	10.00	Officer	$0	$0	$0
REGINA KLINE COLBURN	BOARD MEMBER	5.00	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	$364,461	$366,098	$323,169	$-1,637
2023	$339,612	$353,522	$341,815	$-13,910
2022	$327,796	$357,879	$163,539	$-30,083
2021	$367,986	$237,362	$195,875	$130,624
2020	$213,707	$196,289	$85,180	$17,418
2019	$226,455	$252,861	$95,748	$-26,406
2018	$241,649	$204,933	$104,847	$36,716