CAPITAL REGION ECONOMIC DEVELOPMENT CORP (EIN 236291092) - 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

1984

Legal Domicile

Principal Officer

RYAN UNGER

Phone

7172324099

Tax Period

2023-01-01 to 2023-12-31

CAPITAL REGION ECONOMIC DEVELOPMENT CORP, founded in 1984, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Net assets of $4.2M represent 50 months of operating reserves.

Mission

THE MISSION OF THE CAPITAL REGION ECONOMIC DEVELOPMENT CORP. IS TO BE A CATALYST FOR POLICY CHANGE, FOR JOB CREATION AND FOR BUSINESS GROWTH IN CUMBERLAND, DAUPHIN AND PERRY COUNTIES THAT ENHANCES THE QUALITY OF LIFE IN OUR REGION.

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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 $621,669

Program Service Revenue $366,334

Investment Income $16,283

Other Revenue $0

TOTAL REVENUE $1,004,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $53,008

Program Expenses $614,470

Other Expenses $1,020,754

TOTAL EXPENSES $1,020,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,004,286	$624,391	+0.6%
Expenses	$1,020,754	$854,256	+0.2%
Net Income	$-16,468	$-229,865	-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

N/A

Volunteers

150

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

$340,870

Total Directors

$204,088

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN UNGER	PRESIDENT	18.00	Officer Director	$0	$12,145	$204,088
SCOTT ROGERS	VP, FINANCE	20.00	Officer	$0	$14,999	$136,782
MELISSA STONE	VP ECONOMIC	39.00	Highest	$0	$12,512	$126,001
KARA LUZIK CANALE	VP STRATEGY	3.00	Highest	$0	$8,755	$115,425
TJ ANDRISANO	DIRECTOR	1.00	Director	$0	$0	$0
WADE BECKER	CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KATIE CLARKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW CROCKER	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE DEARY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DECK	DIRECTOR	1.00	Director	$0	$0	$0
DON DEEGAN	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT DIFILIPPO	DIRECTOR	1.00	Director	$0	$0	$0
TIM EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
BETSY HAMM	SECRETARY	1.00	Director	$0	$0	$0
ANDY HETRICK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HICKEY	DIRECTOR	1.00	Director	$0	$0	$0
DENNISE L HILL	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HARTWICK III	DIRECTOR	1.00	Director	$0	$0	$0
WENDY JACKSON-DOWE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BOOK JR	DIRECTOR	1.00	Director	$0	$0	$0
BRIGID LANDY KHURI	DIRECTOR	1.00	Director	$0	$0	$0
CASEY KHURI	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
SHAWN LEPPO	2ND VICE CHA	1.00	Officer Director	$0	$0	$0
GIUSEPPINA MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
BETH PEIFFER	TREASURER	1.00	Officer Director	$0	$0	$0
ALEX REBER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SIDER	DIRECTOR	1.00	Director	$0	$0	$0
IQBAL SINGH	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA WATSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ZEEVAART	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$1,004,286	$1,020,754	$5,169,583	$-16,468
2022	$624,391	$854,256	$5,174,095	$-229,865
2021	$947,882	$1,042,276	$5,791,154	$-94,394
2020	$1,429,858	$1,222,542	$6,412,705	$207,316
2019	$1,445,506	$1,907,332	$7,430,638	$-461,826
2018	$795,258	$1,363,856	$7,667,676	$-568,598

CAPITAL REGION ECONOMIC DEVELOPMENT CORP