MCKEAN COUNTY INDUSTRIAL DEVELOPME… - 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

1968

Legal Domicile

Principal Officer

ALICIA DANKESREITER

Phone

8148872348

Tax Period

2021-07-01 to 2022-06-30

MCKEAN COUNTY INDUSTRIAL DEVELOPMENT COUNCIL INC, founded in 1968, is a micro nonprofit that reported $8K in total revenue in fiscal year 2021. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROMOTE DEVELOPMENT AND EXPANSION OF BUSINESSES, INDUSTRY, AND COMMERCE WITHIN MCKEAN COUNTY, PENNSYLVANIA.

Program Service Accomplishments

Program 1

TO PROMOTE THE DEVELOPMENT AND EXPANSION OF BUSINESS, INDUSTRY, AND COMMERCE WITHIN MCKEAN COUNTY, PENNYSLVANIA BY OFFERING LOW INTEREST RATE LOANS TO AREA BUSINESSES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,500

Program Service Revenue $4,575

Investment Income $752

Other Revenue $0

TOTAL REVENUE $7,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,837

TOTAL EXPENSES $9,837

Year-over-Year Comparison

	2021	2020	Change
Revenue	$7,827	$21,431	-0.6%
Expenses	$9,837	$10,790	-0.1%
Net Income	$-2,010	$10,641	-1.2%

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

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
ALICIA DANKESREITER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRYSTAL KOCJANCIC	SECRETARY	1.00	Officer Director	$0	$0	$0
DEVON KLOSS	MEMBER	1.00	Director	$0	$0	$0
ANITA HOLMAN	MEMBER	1.00	Director	$0	$0	$0
TIM ASINGER	MEMBER	1.00	Director	$0	$0	$0
JIM MASONE	MEMBER	1.00	Director	$0	$0	$0
RICK FRY	MEMBER	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
2022	$7,827	$9,837	$366,148	$-2,010
2021	$21,431	$10,790	$371,463	$10,641
2020	$16,017	$14,545	$357,517	$1,472
2019	$15,784	$9,899	$356,045	$5,885
2018	$17,571	$5,417	$350,909	$12,154

MCKEAN COUNTY INDUSTRIAL DEVELOPMENT COUNCIL INC