ECONOMIC DEVELOPMENT COMPANY OF LA… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

EZRA ROTHMAN

Phone

7173974046

Tax Period

2025-01-01 to 2025-12-31

ECONOMIC DEVELOPMENT COMPANY OF LANCASTER COUNTY, founded in 1960, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2025. Expenses of $2.1M left a modest 8% surplus.

Mission

ENHANCE THE ECONOMIC WELL-BEING OF LANCASTER COUNTY BY BRINGING TOGETHER BUSINESS RESOURCES, CAPITAL AND GOVERNMENT FOR SELECTIVE, MEASURABLE AND SUSTAINABLE GROWTH.

Program Service Accomplishments

Program 1

Expenses: $1,716,309 Revenue: $2,073,092

EDC ENHANCES THE ECONOMIC WELL-BEING OF LANCASTER COUNTY BY BRINGING TOGETHER BUSINESS, CAPITAL, AND GOVERNMENT RESOURCES FOR DATA-DRIVEN, SELECTIVE, AND SUSTAINABLE GROWTH. EDC'S CORE STRATEGIES ARE TO 1) EXPAND BUSINESS RETENTION AND EXPANSION EFFORTS, 2) GROW ECONOMIC DEVELOPMENT PROJECT FINANCING RESOURCES, TOOLS, AND EXPERTISE, 3) LEAD EFFECTIVE RESPONSES TO DISTINCT LOCAL/REGIONAL ECONOMIC OPPORTUNITIES OR CHALLENGES, AND 4) INTEGRATE THOUGHTFUL ANALYTICS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $83,463

Program Service Revenue $2,073,092

Investment Income $142,319

Other Revenue $0

TOTAL REVENUE $2,298,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,806,431

Fundraising Expenses $131,707

Program Expenses $1,716,309

Other Expenses $318,608

TOTAL EXPENSES $2,125,039

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,298,874	$2,200,087	+0.0%
Expenses	$2,125,039	$1,877,819	+0.1%
Net Income	$173,835	$322,268	-0.5%

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

$473,431

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EZRA ROTHMAN	PRESIDENT	33.50	Officer	$148,768	$26,984	$175,752
JESSICA HAMILTON	VICE PRESIDE	N/A	Officer	$144,326	$9,685	$154,011
JOHN BIEMILLER	TREASURER	37.50	Officer	$134,315	$9,353	$143,668
KALIOPI KAROMFILY	RELATIONSHIP	N/A	Highest	$114,032	$9,962	$123,994
KAREN BIONDOLILLO	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL W DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DREW	DIRECTOR	1.00	Director	$0	$0	$0
WENDY LANCE	DIRECTOR	1.00	Director	$0	$0	$0
LIZ MARTIN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KENDRA D MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS J MYERS	DIRECTOR	1.00	Director	$0	$0	$0
ANNA RAMOS	EX-OFFICIO D	1.00	Director	$0	$0	$0
MICHELLE RONDINELLI	BOARD VICE C	1.00	Officer Director	$0	$0	$0
NEIL SALERNO	DIRECTOR	1.00	Director	$0	$0	$0
MARK SAUDER	DIRECTOR	1.00	Director	$0	$0	$0
NATE SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER VALUDES	EX-OFFICIO D	1.00	Director	$0	$0	$0
SHANE ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ZUCKERMAN	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	$2,298,874	$2,125,039	$3,675,435	$173,835
2024	$2,200,087	$1,877,819	$3,391,607	$322,268
2023	$1,595,635	$1,721,797	$2,858,363	$-126,162
2022	$1,772,058	$1,966,920	$2,689,327	$-194,862
2021	$2,216,403	$1,854,722	$3,186,565	$361,681
2020	$2,399,989	$1,691,403	$3,006,581	$708,586
2019	$1,657,448	$1,618,643	$2,156,023	$38,805
2018	$1,544,611	$1,405,050	$1,966,861	$139,561

ECONOMIC DEVELOPMENT COMPANY OF LANCASTER COUNTY