GROWTH RESOURCES OF WELLSBORO FOUNDATION

EIN: 236297271

WELLSBORO, PA

Total Revenue
$434,068
Total Expenses
$181,304
Total Assets
$3,122,146
Net Assets
$3,122,146
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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
1956
Legal Domicile
PA
Principal Officer
THOMAS RUDY JR
Phone
5707240636
Tax Period
2024-07-01 to 2025-06-30

GROWTH RESOURCES OF WELLSBORO FOUNDATION, founded in 1956, is a small nonprofit that reported $434K in total revenue in fiscal year 2024. The organization ran a surplus of $253K, a strong 58% operating margin.

Mission

FOUNDATION THAT PROMOTES COMMERCIAL AND INDUSTRIAL GROWTH IN WELLSBORO, PA WITH THE PURPOSE OF CREATING AND MAINTAINING ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

CORPORATION IS AN ECONOMIC DEVELOPMENT BOARD THAT SERVES PRIMARILY WELLSBORO, PA AND SURROUNDING COMMUNITIES WHERE RAILROAD PROPERTY EXISTS. MAJOR ACTIVITY IS THE MONITORING OF CONTRACTED OPERATIONS...

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CORPORATION IS AN ECONOMIC DEVELOPMENT BOARD THAT SERVES PRIMARILY WELLSBORO, PA AND SURROUNDING COMMUNITIES WHERE RAILROAD PROPERTY EXISTS. MAJOR ACTIVITY IS THE MONITORING OF CONTRACTED OPERATIONS OF THE LOCAL RAIL LINE SERVICING LOCAL INDUSTRIES THROUGH AN OPERATING LEASE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,000
Program Service Revenue $339,568
Investment Income $87,459
Other Revenue $41
TOTAL REVENUE $434,068

Expense Breakdown

Grants Paid $79,450
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $101,854
TOTAL EXPENSES $181,304

Year-over-Year Comparison

2024 2023 Change
Revenue $434,068 $430,404 +0.0%
Expenses $181,304 $127,932 +0.4%
Net Income $252,764 $302,472 -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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
21

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
3
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS L RUDY JR PRESIDENT 2.00
Officer Director
$0 $0 $0
LORI BECKWITH VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JASON GEHMAN TREASURER 2.00
Officer Director
$0 $0 $0
SHAWN BRYANT DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW S DECAMP DIRECTOR 1.00
Director
$0 $0 $0
GLENN POIRIER DIRECTOR 1.00
Director
$0 $0 $0
CARL CHAMBERS DECEASED DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA VANDERGRIFT DIRECTOR 1.00
Director
$0 $0 $0
JANIE HILFIGER DIRECTOR 1.00
Director
$0 $0 $0
BYRON FARNSWORTH JR DIRECTOR 1.00
Director
$0 $0 $0
R ROBERT DECAMP DIRECTOR 1.00
Director
$0 $0 $0
RONALD J BUTLER DIRECTOR 1.00
Director
$0 $0 $0
RON KEMP DIRECTOR 1.00
Director
$0 $0 $0
FLORI PROUGH DIRECTOR 1.00
Director
$0 $0 $0
TAMMY MENGEE DIRECTOR 1.00
Director
$0 $0 $0
ALAN HUCK DIRECTOR 1.00
Director
$0 $0 $0
LOUIS RACHIELE DIRECTOR 1.00
Director
$0 $0 $0
K ROBERT CUNNINGHAM 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
2025 $434,068 $181,304 $3,122,146 $252,764
2024 $430,404 $127,932 $2,869,382 $302,472
2023 $1,477,460 $69,333 $2,566,910 $1,408,127
2022 $215,463 $77,624 $1,158,783 $137,839
2021 $239,353 $73,639 $1,020,944 $165,714
2020 $243,978 $147,825 $855,230 $96,153
2019 $221,875 $278,367 $775,084 $-56,492
2018 $264,690 $357,137 $843,912 $-92,447
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