SLIBCO (SCR LACK IND BLDG CO)

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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

1945

Legal Domicile

Principal Officer

ROBERT F DURKIN

Phone

5703427711

Tax Period

2024-07-01 to 2025-06-30

SLIBCO (SCR LACK IND BLDG CO), founded in 1945, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $4.3M exceeded revenue, resulting in a 32% operating deficit.

Mission

PROMOTE ECONOMIC GROWTH IN LACKAWANNA COUNTY.

Program Service Accomplishments

Program 1

Expenses: $3,501,302 Revenue: $3,210,633

ADMINISTERED INCENTIVE FINANCING PROGRAMS AND PROVIDED ECONOMIC ASSISTANCE TO INDUSTRY IN AN EFFORT TO ATTRACT, SUSTAIN AND GROW BUSINESS IN LACKAWANNA COUNTY.

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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 $405,033

Program Service Revenue $1,986,077

Investment Income $819,523

Other Revenue $0

TOTAL REVENUE $3,210,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $57,709

Program Expenses $3,501,302

Other Expenses $4,251,128

TOTAL EXPENSES $4,251,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,210,633	$4,854,536	-0.3%
Expenses	$4,251,128	$4,007,140	+0.1%
Net Income	$-1,040,495	$847,396	-2.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT F DURKIN	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD A BROMINSKI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH FERRETTI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALANA ROBERTS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT C MARKOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
HEATHER KUBIC SKAPYAK	SECRETARY	1.00	Officer Director	$0	$0	$0
CARL R BEARDSLEY	DIRECTOR	1.00	Director	$0	$0	$0
KARLA CARLUCCI	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP P CONDRON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER L DIMATTIO	DIRECTOR	1.00	Director	$0	$0	$0
JESSE J ERGOTT	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE EVANS	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN FOTTA	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE GILMARTIN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
TOM JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE C MALSKI ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DONALD MAMMANO	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MCCORMACK	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH G OKREPKIE	DIRECTOR	1.00	Director	$0	$0	$0
DR ERICA BARONE PRICCI	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS J REILLY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL RICKARD	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN SULLA	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	$3,210,633	$4,251,128	$53,103,410	$-1,040,495
2024	$4,854,536	$4,007,140	$53,633,507	$847,396
2023	$2,242,473	$3,590,159	$51,603,059	$-1,347,686
2022	$2,314,668	$3,287,104	$52,576,495	$-972,436
2021	$2,077,364	$3,170,004	$54,547,863	$-1,092,640
2020	$2,953,276	$3,080,934	$55,884,594	$-127,658
2019	$8,625,870	$2,944,791	$56,837,969	$5,681,079