WAYNE ECONOMIC DEVELOPMENT CORP (EIN 246015814) - 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

1955

Legal Domicile

Principal Officer

WAYNE STEPHENS

Phone

5702535334

Tax Period

2023-01-01 to 2023-12-31

WAYNE ECONOMIC DEVELOPMENT CORP, founded in 1955, is a small nonprofit that reported $560K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 105% operating deficit.

Mission

PROMOTION OF ECONOMIC DEVELOPMENT IN AND THROUGHOUT THE COUNTY OF WAYNE PA

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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 (2023)

Revenue Breakdown

Contributions & Grants $468,636

Program Service Revenue $65,028

Investment Income $26

Other Revenue $26,670

TOTAL REVENUE $560,360

Expense Breakdown

Grants Paid $72,500

Salaries & Benefits $302,363

Fundraising Expenses $0

Program Expenses $1,141,748

Other Expenses $772,132

TOTAL EXPENSES $1,146,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$560,360	$768,643	-0.3%
Expenses	$1,146,995	$1,373,593	-0.2%
Net Income	$-586,635	$-604,950	0.0%

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

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

$101,199

Total Directors

$93,661

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY BETH WOOD	EXECUTIVE DIRECTOR	40.00	Officer	$91,828	$9,371	$101,199
TROY BYSTROM	DIRECTOR	1.000	Director	$93,661	$0	$93,661
MARY ELLEN BENTLER	DIRECTOR	1.000	Director	$0	$0	$0
PETER BOCHNOVICH	VICE PRESIDENT	2.000	Officer Director	$0	$0	$0
BONNIE BOND	DIRECTOR	1.000	Director	$0	$0	$0
LEWIS CRITELLI	DIRECTOR	1.000	Director	$0	$0	$0
TINA DIEHL	TREASURER	2.000	Officer Director	$0	$0	$0
ANTHONY HERZOG	SECRETARY	2.000	Officer Director	$0	$0	$0
JAMES LABAR	DIRECTOR	1.000	Director	$0	$0	$0
JAMES PETTINATO	DIRECTOR	1.000	Director	$0	$0	$0
CRAIG RICKARD	DIRECTOR	1.000	Director	$0	$0	$0
ALANA ROBERTS	DIRECTOR	1.000	Director	$0	$0	$0
KENNETH SHINO	DIRECTOR	1.000	Director	$0	$0	$0
BRIAN SMITH	DIRECTOR	1.000	Director	$0	$0	$0
WAYNE STEPHENS	PRESIDENT	2.000	Officer Director	$0	$0	$0
LUKE TURANO	DIRECTOR	1.000	Director	$0	$0	$0
LUCYANN VIERLING	DIRECTOR	1.000	Director	$0	$0	$0
JENNIFER WARGO	DIRECTOR	1.000	Director	$0	$0	$0
MICHAEL WOOD	DIRECTOR	1.000	Director	$0	$0	$0
THOMAS SHERIDAN	DIRECTOR	1.000	Director	$0	$0	$0
TOM SUNICK	DIRECTOR	1.000	Director	$0	$0	$0
BRIAN CHAPMAN	DIRECTOR	1.000	Director	$0	$0	$0
DANIEL CARD	DIRECTOR	1.000	Director	$0	$0	$0
TIMOTHY JAGGARS	DIRECTOR	1.000	Director	$0	$0	$0
MICHELLE FIRMSTONE	DIRECTOR	1.000	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	No data	No data	No data	No data
2023	$560,360	$1,146,995	$12,074,723	$-586,635
2022	$768,643	$1,373,593	$10,131,253	$-604,950
2021	$2,539,330	$2,931,153	$10,381,755	$-391,823
2020	$702,106	$954,524	$10,932,335	$-252,418
2019	$760,276	$1,071,551	$10,531,330	$-311,275
2018	$612,560	$999,860	$10,697,209	$-387,300

WAYNE ECONOMIC DEVELOPMENT CORP