CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY (EIN 240819618) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

JOHN WIEDMAN

Phone

5704871520

Tax Period

2024-01-01 to 2024-12-31

CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY, founded in 1957, is a micro nonprofit that reported $41K in total revenue in fiscal year 2024. Revenue surged 138% from the prior year, signaling strong growth momentum. Expenses of $79K exceeded revenue, resulting in a 94% operating deficit.

Mission

COMMUNITY INDUSTRIAL DEVELOPMENT - THE COMPANY PROVIDES FUNDING IN THE FORM OF LOANS TO NEW OR EXISTING BUSINESS OWNERS IN VARIOUS INDUSTRIES LOCATED IN THE CITY OF CARBONDALE (LACKAWANNA COUNTY), PENNSYLVANIA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,982

Investment Income $15,943

Other Revenue $0

TOTAL REVENUE $40,925

Expense Breakdown

Grants Paid $71,228

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,750

Other Expenses $8,225

TOTAL EXPENSES $79,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,925	$17,187	+1.4%
Expenses	$79,453	$37,388	+1.1%
Net Income	$-38,528	$-20,201	+0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MATTHEW COLGAN	DIRECTOR	N/A	Director	$0	$0	$0
JEFFREY W NEPA ESQUIRE	DIRECTOR	N/A	Director	$0	$0	$0
DONALD HOYLE	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN KUNA	TREASURER	N/A	Officer Director	$0	$0	$0
JOHN WIEDMAN	SECRETARY	N/A	Officer 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
2024	$40,925	$79,453	$896,582	$-38,528
2023	$17,187	$37,388	$935,110	$-20,201
2022	$19,806	$40,778	$955,311	$-20,972
2021	$18,734	$8,335	$979,283	$10,399
2020	$22,328	$9,083	$971,249	$13,245
2019	$25,561	$37,823	$952,639	$-12,262
2018	$21,460	$39,530	$964,901	$-18,070

CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY