CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC (EIN 232978513) - 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

1994

Legal Domicile

Principal Officer

JAMES HAMMOND

Phone

6104585700

Tax Period

2023-07-01 to 2024-06-30

CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

ENGAGING IN TRAINING AND EDUCATIONAL ACTIVITIES PERTAINING TO ECONOMIC DEVELOPMENT. SERVICES INCLUDE EFFORTS TO RETAIN AND EXPAND BUSINESSES, WORKFORCE ETC. AND ALSO TO IMPROVE ECONOMIC CONDITIONS IN ECONOMICALLY DEPRESSED AREAS.

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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 $3,563,691

Program Service Revenue $205,060

Investment Income $2,185

Other Revenue $18,182

TOTAL REVENUE $3,789,118

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,658,013

Other Expenses $3,820,554

TOTAL EXPENSES $3,824,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,789,118	$2,317,273	+0.6%
Expenses	$3,824,554	$2,363,105	+0.6%
Net Income	$-35,436	$-45,832	-0.2%

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

834

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
BILL STEDMAN	CHAIR	0.30	Officer Director	$0	$0	$0
MICHAEL J HANKIN	FIRST VICE-CHAIR	0.30	Officer Director	$0	$0	$0
DR R LORRAINE BERNOTSKY	TREASURER	0.30	Officer Director	$0	$0	$0
ARTHUR A BERNARDON AIA	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
CONRAD M OLIE	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
EDWARD J BREINER	DIRECTOR EMERITUS	0.30	Director	$0	$0	$0
EDWIN A BROWNLEY JR	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
F WILLIAM BOGLE	DIRECTOR EMERTIUS	0.30	Director	$0	$0	$0
FRANK A PILIERO	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
HANNO SPRANGER	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
JIM READING	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
JOHN C SNYDER ESQUIRE	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
JOSH MAXWELL	EX-OFFICIO	0.30	Director	$0	$0	$0
MARIAN D MOSKOWITZ	DIRECTOR EMERITUS	0.30	Director	$0	$0	$0
ERIC ROE	EX-OFFICIO	0.30	Director	$0	$0	$0
NANCY R CORSON	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
R STANLEY SCHUCK	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
ROBERT F FISCHER CPA	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
ROGER N HUGGINS ESQUIRE	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
TIM PHELPS	EX-OFFICIO	0.30	Director	$0	$0	$0
A STEVEN KRUG	EX-OFFICIO	0.30	Director	$0	$0	$0
ALBERT D FULLER	BOARD MEMBER	0.30	Director	$0	$0	$0
ANAND SOLANKI	BOARD MEMBER	0.30	Director	$0	$0	$0
ANNETTE F FAVORITE	BOARD MEMBER	0.30	Director	$0	$0	$0
BILL HOSTETTER	BOARD MEMBER	0.30	Director	$0	$0	$0
BRIAN N O'LEARY AICP	GOVERNMENTAL DIRECTOR	0.30	Director	$0	$0	$0
DIANE M DISNEY PHD	HONORARY DIRECTOR	0.30	Director	$0	$0	$0
DR COLIN J NEILL	EX-OFFICIO	0.30	Director	$0	$0	$0
DWAYNE WALTON	BOARD MEMBER	0.30	Director	$0	$0	$0
GAIL B DOOLEY LPN CDP	EX-OFFICIO IP CHAIR	0.30	Director	$0	$0	$0
GEORGE FIORE EDD	EX-OFFICIO	0.30	Director	$0	$0	$0
GREG NEWELL	EX-OFFICIO IP CHAIR	0.30	Director	$0	$0	$0
GREG VIETRI	BOARD MEMBER	0.30	Director	$0	$0	$0
GREGORY REAVES	BOARD MEMBER	0.30	Director	$0	$0	$0
JAMES E TURNER	BOARD MEMBER	0.30	Director	$0	$0	$0
JEANETTE ROMAN	GOVERNMENTAL DIRECTOR	0.30	Director	$0	$0	$0
JOHN J CAMERO	BOARD MEMBER	0.30	Director	$0	$0	$0
JOYCE CHESTER	BOARD MEMBER	0.30	Director	$0	$0	$0
JOSHUA SNYDER	BOARD MEMBER	0.30	Director	$0	$0	$0
LAURA MANION	EX-OFFICIO	0.30	Director	$0	$0	$0
LISA VAN ESS	EX-OFFICIO	0.30	Director	$0	$0	$0
LOUIS B KUPPERMAN ESQUIRE	GOVERNMENTAL DIRECTOR	0.30	Director	$0	$0	$0
MARC DAVIS	BOARD MEMBER	0.30	Director	$0	$0	$0
MATT ADAMS	BOARD MEMBER	0.30	Director	$0	$0	$0
MICHAEL A DEHAVEN CPA	GOVERNMENTAL DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL F MERLIE ESQUIRE	BOARD MEMBER	0.30	Director	$0	$0	$0
MICHAEL J KELLY	BOARD MEMBER	0.30	Director	$0	$0	$0
MICHAEL LONG	BOARD MEMBER	0.30	Director	$0	$0	$0
MICHAEL A BRAY	SECRETARY	0.30	Officer Director	$0	$0	$0
MIGUEL BAPTISTA	BOARD MEMBER	0.30	Director	$0	$0	$0
MICHAEL CAPPELLETTI	BOARD MEMBER	0.30	Director	$0	$0	$0
NABILA SAJID	BOARD MEMBER	0.30	Director	$0	$0	$0
PAUL TRUSKOLASKI	BOARD MEMBER	0.30	Director	$0	$0	$0
PERRY BENTLEY	BOARD MEMBER	0.30	Director	$0	$0	$0
PHILLIP EASTMAN	BOARD MEMBER	0.30	Director	$0	$0	$0
RACHEL ROBERTS	BOARD MEMBER	0.30	Director	$0	$0	$0
SASSAN HEJAZI PHD	BOARD MEMBER	0.30	Director	$0	$0	$0
STEVE FIGGATT	BOARD MEMBER	0.30	Director	$0	$0	$0
SUE WATRAS	EX-OFFICIO	0.30	Director	$0	$0	$0
THEO NOTARAS	EX-OFFICIO	0.30	Director	$0	$0	$0
THOMAS J BURKE	EX-OFFICIO	0.30	Director	$0	$0	$0
W PATRICK SCOTT ESQUIRE	BOARD MEMBER	0.30	Director	$0	$0	$0
W TODD POHLIG	EX-OFFICIO	0.30	Director	$0	$0	$0
HELEN J ESBENSHADE ESQUIRE	SOLICITOR FOR CCEDC	0.30	Director	$0	$0	$0
RICHARD FRAZIER ESQUIRE	SOLICITOR FOR CCEDF	0.30	Director	$0	$0	$0
CRAIG A STYER ESQUIRE	BOARD MEMBER	0.30	Director	$0	$0	$0
FAWN COLLINGWOOD	BOARD MEMBER	0.30	Director	$0	$0	$0
DR MARTA YERA CRONIN	BOARD MEMBER	0.30	Director	$0	$0	$0
DAVID DILWORTH	BOARD MEMBER	0.30	Director	$0	$0	$0
EILEEN PERPIGLIA	BOARD MEMBER	0.30	Director	$0	$0	$0
KARA RAHN	BOARD MEMBER	0.30	Director	$0	$0	$0
JANE TANG	BOARD MEMBER	0.30	Director	$0	$0	$0
GARY SMITH	CEO	10.00	Officer	$0	$0	$0
JAMES HAMMOND	VP OF FINANCE	10.00	Officer	$0	$0	$0
MICHAEL GRIGALONIS	COO	10.00	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
2025	No data	No data	No data	No data
2024	$3,789,118	$3,824,554	$3,274,820	$-35,436
2023	$2,317,273	$2,363,105	$2,992,328	$-45,832
2022	$1,959,714	$2,019,322	$3,055,585	$-59,608
2021	$1,542,888	$1,581,303	$2,809,306	$-38,415
2020	$2,201,686	$2,232,067	$2,979,155	$-30,381
2019	$1,602,604	$1,643,870	$2,688,708	$-41,266

CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC