SHIPPENSBURG AREA DEVELOPMENT CORPORATION (EIN 237177887) - 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

1968

Legal Domicile

Principal Officer

STEPHEN C OLDT

Phone

7175325509

Tax Period

2022-01-01 to 2022-12-31

SHIPPENSBURG AREA DEVELOPMENT CORPORATION, founded in 1968, is a micro nonprofit that reported $50K in total revenue in fiscal year 2022. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 80% operating margin.

Mission

TO STIMULATE INTEREST IN THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF THE BOROUGH OF SHIPPENSBURG.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $51,600

Other Revenue $-1,250

TOTAL REVENUE $50,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,354

Other Expenses $10,249

TOTAL EXPENSES $10,249

Year-over-Year Comparison

	2022	2021	Change
Revenue	$50,350	$21,000	+1.4%
Expenses	$10,249	$37,018	-0.7%
Net Income	$40,101	$-16,018	-3.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICKEY NYE	PRESIDENT	Officer Director	$0	$0	$0
PHILIP FAGUE	VICE PRESIDENT	Officer Director	$0	$0	$0
STEVE OLDT	TREASURER	Officer Director	$0	$0	$0
DUAINE COLLIER	DIRECTOR	Director	$0	$0	$0
DONALD FRY	DIRECTOR	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
2022	$50,350	$10,249	$232,594	$40,101

SHIPPENSBURG AREA DEVELOPMENT CORPORATION