Oil City, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Oil Region Alliance of Business Industry & Tourism, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 55% operating deficit.
MANAGE THE OIL REGION NATIONAL HERITAGE AREA IN NORTHWESTERN PENNSYLVANIA INCLUDING ECONOMIC AND COMMUNITY DEVELOPMENT, TOURISM AND RECREATION
IN 2024, THE OIL REGION ALLIANCE COMPLETED FINISHES AND FLOORING AT THE HISTORIC WILLIAM H SCHEIDE HOUSE TO READY IT FOR FIRST FLOOR OCCUPANCY; LEASED THE FIRST FLOOR OF THE DOWNS BUILDING AND...
IN 2024, THE OIL REGION ALLIANCE COMPLETED FINISHES AND FLOORING AT THE HISTORIC WILLIAM H SCHEIDE HOUSE TO READY IT FOR FIRST FLOOR OCCUPANCY; LEASED THE FIRST FLOOR OF THE DOWNS BUILDING AND SUBMITTED GRANTS FOR UPPER STORY AFFORDABLE RESIDENTISL HOUSING; ACQUIRED THE LEVI BUILDING, INCUBATING A RETAIL BUSINESS AND SECURING THE UPPER STORIES FOR DEVELOPMENT OF AFFORDABLE HOUSING; INVIGORATED PROGRAMMING AT THE TARBELL HOUSE AND INSTALLED A NEW HEATING SYSTEM TO IMPROVE SUSTAINABILITY; CONSTRUCTED A RAINGARDEN AND NATIVE POLLINATOR PROJECT AT THE COAL OIL JOHNNY HOUSE; COMPLETED DIVERSITY AND CULTURAL RESOURCES STUDIES; LAUNCHED A WAYFINDING STUDY OF THE OIL REGION NATIONAL HERITAGE AREA; ADVERTISED EXTENSIVELY THROUGH PRINT AND DIGITAL CAMPAIGNS; PRESENTED ANNUAL OIR REGION TOURISM AWARDS; SUPPORTED MARKETING AND HOSPITALITY FOR MULTIPLE CONFERENCES AND SPECIAL EVENTS IN THE OIL REGION; CONTINUED EFFORTS WITH A PROPERTY OWNER TO DEVELOP AND FUND A NEW ACCESS TO THE ALLEGHENY RIVER; CONTINUED TO DEVELOP ADDITIONAL MILEAGE ON THE EAST BRANCH AND ERIE TO PITTSBURGH TRAILS; CONTINUED MANAGEMENT OF THE ALLEGHENY WILD AND SCENIC RIVER PA WATER TRAIL; CONTINUED WORK ON THE ATV TRAIL FEASIBILITY STUDY, PARTNERED PA FISH AND BOAT COMMISION TO ASSUME CONTROL OF FISHERMAN'S COVE FOR MAINTENANCE AND OPGRADES;ASSESSED BROWNFIELDS IN TH OIL REGION UTILIZING A COMMUNITY-WIDE ASSESSMENT GRANT FROM THE EPA; RECEIVED AN EPA CLEAN-UP GTANT TO REMEDIATE THE KRAFT AND DAHLSTROM PROPERTIES; NEGOTIATED TO ACQUIRE THE JM EAGLE BROWNFIELD SITE FOR ASSESSMENT AND REDEVELOPMENT; POSTURED FROM ASSESSMENT TO REMEDIATION AT THE FUCH'S SITE USING INDUSTRIAL SITES REUSE PROGRAM FUNDING; JOINED WITH THE OIL CITY REDEVELOPMENT AUTHORITY IN A JOINT VENTURE TO DEMOLISH A BLIGHTED HOTEL AND PREPARE FOR A NEW DEVELOPMENT; SUPPORTED A NON=POFIT IN ITS EFFORT TO LAUNCH THE LYRIC THEATER RENOVATION PROJECT; LEASED (WITH THE GOAL OF TRANSFER IN 2025) THE PENNWEST-VENANGO CAMPUS WHICH CEASED OPERATIONS IN JUNE 2024, AND ACQUIRED THE ADJACENT STUDENT APARTMENTS TO SUPPORT EDUCATION, TRAINING, TOURISM, RECREATION AND HERITAGE PROGRAMMING; HOUSED THE OIL CITY MAIN STREET PROGRAM, INCLUDING INCLUDING THE ARTS OIL CITY REVITALIZATION EFFORT SND CONTINUED MANAGEMENT OF THE ARTS FLOOR LOCATED IN THE HISTORIC NATIONAL TRANSIT BUILDING WITH THE GOAL OF MAINTAINING AFFORDABLE STUDIO SPACE AND A DOWNTOWN ARTIST HUB.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,520,411 | $1,719,830 | -0.1% |
| Expenses | $2,350,188 | $1,572,803 | +0.5% |
| Net Income | $-829,777 | $147,027 | -6.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN PHILLIPS | PRESIDENT/COO | 40 |
Officer
Director
|
$130,618 | $0 | $130,618 |
| SAMUEL BREENE | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| MATT CRAIG | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| CHAD ELLIS | CHAIRPERSON | 0 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER FEEHAN | TREASURER | 0 |
Officer
Director
|
$0 | $0 | $0 |
| STACEY GINKEL | VICE CHAIRPERSON | 0 |
Officer
Director
|
$0 | $0 | $0 |
| RODNEY GRIFFIN | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| MAUREEN JAMES | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| JAMES JOHNSON | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| BETSY KELLNER | SECRETARY | 0 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL KNECT | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| MATT MCSPARREN | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| RHONDA CLARK | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| AMY WHITEHILL | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| GREG WILSON | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| VINCENT WITHERUP | DIRECTOR | 0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,520,411 | $2,350,188 | $8,791,134 | $-829,777 |
| 2023 | $1,719,830 | $1,572,803 | $6,452,177 | $147,027 |
| 2022 | $1,287,690 | $1,303,785 | $5,490,229 | $-16,095 |
| 2021 | $1,715,598 | $1,228,867 | $4,851,848 | $486,731 |
| 2020 | $1,012,777 | $1,076,721 | $4,511,732 | $-63,944 |
| 2019 | $1,496,190 | $1,355,705 | $4,035,044 | $140,485 |
| 2018 | $1,404,071 | $1,218,196 | $4,273,496 | $185,875 |
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