LEHIGH VALLEY INDUSTRIAL PARK INC

EIN: 240859713

BETHLEHEM, PA

Total Revenue
$4,503,836
Total Expenses
$1,685,672
Total Assets
$48,667,604
Net Assets
$48,471,546
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
PA
Principal Officer
KERRY A WROBEL
Phone
6108664600
Tax Period
2023-07-01 to 2024-06-30

LEHIGH VALLEY INDUSTRIAL PARK INC, founded in 1959, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 63% operating margin.

Mission

CREATE JOBS, EXPAND THE REGIONAL TAX BASE, DIVERSIFY THE LOCAL ECONOMY AND TO PROMOTE THE ECONOMIC VITALITY AND ENHANCE THE QUALITY OF LIFE IN THE LEHIGH VALLEY.

Program Service Accomplishments

Program 1
Expenses: $1,529,308 Revenue: $2,500,000

PROVIDE COMPETITIVE, WELL-DESIGNED INDUSTRIAL PARKS THAT ARE ATTRACTIVE TO A DIVERSE GROUP OF INDUSTRIES, WITH THE EMPHASIS ON JOB CREATION AND ENHANCING THE QUALITY OF LIFE IN THE LEHIGH VALLEY...

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PROVIDE COMPETITIVE, WELL-DESIGNED INDUSTRIAL PARKS THAT ARE ATTRACTIVE TO A DIVERSE GROUP OF INDUSTRIES, WITH THE EMPHASIS ON JOB CREATION AND ENHANCING THE QUALITY OF LIFE IN THE LEHIGH VALLEY. MAJOR ACCOMPLISHMENT FOR THE YEAR INCLUDE INVESTMENT OF $1,757,250 IN ADDITIONAL LAND DEVELOPMENT COSTS FOR LEHIGH VALLEY PARK VII.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,500,000
Investment Income $1,323,215
Other Revenue $680,621
TOTAL REVENUE $4,503,836

Expense Breakdown

Grants Paid $0
Salaries & Benefits $595,333
Fundraising Expenses $0
Program Expenses $1,529,308
Other Expenses $1,090,339
TOTAL EXPENSES $1,685,672

Year-over-Year Comparison

2023 2022 Change
Revenue $4,503,836 $2,268,782 +1.0%
Expenses $1,685,672 $1,426,986 +0.2%
Net Income $2,818,164 $841,796 +2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
18
Employees
3
Volunteers
23

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
4
$327,020
Total Directors
23
$327,020
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERRY WROBEL PRESIDENT, SECRETARY 40.00
Officer Director
$294,447 $32,573 $327,020
MICHAEL GAUSLING CHAIRMAN 5.00
Officer Director
$0 $0 $0
M ARIF FAZIL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL ALBARELL DIRECTOR 1.00
Director
$0 $0 $0
DAVID NEPERENY DIRECTOR 1.00
Director
$0 $0 $0
MARY JANE MCKEEVER TREASURER 4.00
Officer Director
$0 $0 $0
CURTIS BARNETTE DIRECTOR 1.00
Director
$0 $0 $0
JOHN D STANLEY VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JAN HELLER DIRECTOR 1.00
Director
$0 $0 $0
ANNE BAUM DIRECTOR 1.00
Director
$0 $0 $0
SANDRA BODNYK DIRECTOR 1.00
Director
$0 $0 $0
DAVID RUTH DIRECTOR 1.00
Director
$0 $0 $0
BRIAN CARR DIRECTOR 1.00
Director
$0 $0 $0
PATRICK CLASEN DIRECTOR 1.00
Director
$0 $0 $0
THE REVEREND JAMES GREENFIELD DIRECTOR 1.00
Director
$0 $0 $0
SILVIA HOFFMAN DIRECTOR 1.00
Director
$0 $0 $0
NEAL KOPLIN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MAGAZZU DIRECTOR 1.00
Director
$0 $0 $0
THOMAS MARCHOZZI DIRECTOR 1.00
Director
$0 $0 $0
ANDREW MCINTYRE DIRECTOR 1.00
Director
$0 $0 $0
J WILLIAM REYNOLDS DIRECTOR 1.00
Director
$0 $0 $0
SALVATORE VERRASTRO DIRECTOR 1.00
Director
$0 $0 $0
MARTIN C GILCHRIST DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN RYAN DIRECTOR OF BUSINESS DEVELOPMENT 40.00
Highest
$130,949 $17,997 $148,946
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 No data No data No data No data
2024 $4,503,836 $1,685,672 $48,667,604 $2,818,164
2023 $2,268,782 $1,426,986 $45,883,028 $841,796
2022 $4,896,006 $2,500,017 $44,988,623 $2,395,989
2021 $2,820,713 $676,009 $42,667,569 $2,144,704
2020 $4,015,772 $2,657,527 $40,551,324 $1,358,245
2019 $12,537,556 $6,014,964 $39,747,052 $6,522,592
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