Oil Region Alliance of Business Industry & Tourism

EIN: 251118284 501(c)(3) Community Improvement

Oil City, PA

Total Revenue
$1,520,411
Total Expenses
$2,350,188
Total Assets
$8,791,134
Net Assets
$2,489,042
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Phone
8004836264
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

MANAGE THE OIL REGION NATIONAL HERITAGE AREA IN NORTHWESTERN PENNSYLVANIA INCLUDING ECONOMIC AND COMMUNITY DEVELOPMENT, TOURISM AND RECREATION

Program Service Accomplishments

Program 1

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...

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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.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $999,719
Program Service Revenue $221,968
Investment Income $-33,521
Other Revenue $332,245
TOTAL REVENUE $1,520,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $802,984
Fundraising Expenses $89,567
Other Expenses $1,547,204
TOTAL EXPENSES $2,350,188

Year-over-Year Comparison

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%
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
15
Independent Members
15
Employees
20
Volunteers
120

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
5
$130,618
Total Directors
16
$130,618
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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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