GREATER WILKES-BARRE INDUSTRIAL FUND INC

EIN: 246024395

WILKESBARRE, PA

Total Revenue
$3,076,691
Total Expenses
$3,111,150
Total Assets
$437,312
Net Assets
$-678,039
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
PA
Principal Officer
LINDSAY GRIFFIN
Phone
5708232101
Tax Period
2023-01-01 to 2023-12-31

GREATER WILKES-BARRE INDUSTRIAL FUND INC, founded in 1953, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

THE ENCOURAGEMENT AND IMPROVEMENT OF INDUSTRIAL AND ECONOMIC GROWTH AND DEVELOPMENT OF THOSE ADJACENT COMMUNITIES IN LUZERNE COUNTY, PENNSYLVANIA, WHICH ARE COLLECTIVELY KNOWN AS THE WYOMING VALLEY AND ITS GENERALLY RECOGNIZED SUBURBS. "CONTINUED ON SCH. O"IT SHALL ENGAGE IN ANY AND ALL ACTIVITIES NECESSARY AND INCIDENTAL TO ACCOMPLISHING THE FOREGOING OBJECTIVE.

Program Service Accomplishments

Program 1
Expenses: $3,086,550 Revenue: $0

ACTED AS AN AGENT TO OBTAIN LOW INTEREST FINANCING FROM LOCAL BANKS AND THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY (PIDA) FOR BUSINESS ENTERPRISES TO ACQUIRE OR CONSTRUCT PROPERTY. ALSO ACTED...

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ACTED AS AN AGENT TO OBTAIN LOW INTEREST FINANCING FROM LOCAL BANKS AND THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY (PIDA) FOR BUSINESS ENTERPRISES TO ACQUIRE OR CONSTRUCT PROPERTY. ALSO ACTED AS AN AGENT IN THE ISRP (INDUSTRIAL SITES REUSE PROGRAM) AND THE PENNDOT MULTIMODAL GRANTS.

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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 $3,066,579
Program Service Revenue $0
Investment Income $10,112
Other Revenue $0
TOTAL REVENUE $3,076,691

Expense Breakdown

Grants Paid $2,994,340
Salaries & Benefits $83,590
Fundraising Expenses $0
Program Expenses $3,086,550
Other Expenses $33,220
TOTAL EXPENSES $3,111,150

Year-over-Year Comparison

2023 2022 Change
Revenue $3,076,691 $2,473,653 +0.2%
Expenses $3,111,150 $2,552,143 +0.2%
Net Income $-34,459 $-78,490 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
12

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
6
$234,679
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL KEUP BOARD CHAIR 0.40
Officer Director
$0 $0 $0
TERI OOMS BOARD VICE CHAIR 0.40
Officer Director
$0 $0 $0
PHIL AMEND SECRETARY 0.40
Officer Director
$0 $0 $0
JOHN HENRY TREASURER 0.40
Officer Director
$0 $0 $0
DEREK ZAMBINO BOARD MEMBER 0.40
Director
$0 $0 $0
JOSEPH HADDOCK BOARD MEMBER 0.40
Director
$0 $0 $0
TODD MOULES BOARD MEMBER 0.40
Director
$0 $0 $0
CHRISTINE JENSEN BOARD MEMBER 0.40
Director
$0 $0 $0
MICHAEL LOMBARDO BOARD MEMBER 0.40
Director
$0 $0 $0
DOROTHY LANE BOARD MEMBER 0.40
Director
$0 $0 $0
CARL WITKOWSKI EX-OFFICIO (NON-VOTING) 0.40
Director
$0 $0 $0
TARA MUGFORD-WILSON EX-OFFICIO (NON-VOTING) 0.40
Director
$0 $0 $0
LINDSAY GRIFFIN PRESIDENT/CEO 7.50
Officer
$0 $11,124 $152,131
MATTHEW BICKERT CHIEF FINANCIAL OFFICER 7.50
Officer
$0 $15,262 $82,548
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 $3,076,691 $3,111,150 $437,312 $-34,459
2022 $2,473,653 $2,552,143 $985,942 $-78,490
2021 $7,409,722 $6,188,191 $1,685,287 $1,221,531
2020 $593,340 $510,599 $170,245 $82,741
2019 $5,003,448 $5,077,433 $125,206 $-73,985
2018 $144,731 $226,395 $89,763 $-81,664
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