Bradford Economic Development Corporation (EIN 251121862) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Phone

8143687170

Tax Period

2024-01-01 to 2024-12-31

Bradford Economic Development Corporation, founded in 1951, is a micro nonprofit that reported $8K in total revenue in fiscal year 2024. Revenue surged 43383% from the prior year, signaling strong growth momentum. Expenses of $15K exceeded revenue, resulting in a 96% operating deficit.

Mission

The mission of the organization is to promote local economic and business development through the development of 71-acre industrial park.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,000

Investment Income $2,827

Other Revenue $0

TOTAL REVENUE $7,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $15,361

TOTAL EXPENSES $15,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,827	$18	+433.8%
Expenses	$15,361	$34,184	-0.6%
Net Income	$-7,534	$-34,166	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Norm Strotman	President	1	Officer Director	$0	$0	$0
Rick Esch	Vice-President	1	Officer Director	$0	$0	$0
Tim Asinger	Secretary	1	Officer Director	$0	$0	$0
Sherri Geary	Treasurer	1	Officer Director	$0	$0	$0
Mark Hollenbeck	Board member	1	Director	$0	$0	$0
Karen Costello-Pecht	Board member	1	Director	$0	$0	$0
Sara Andrews	Board member	1	Director	$0	$0	$0
Judy Bodamer	Board member	1	Director	$0	$0	$0
Bob Esch	Board member	1	Director	$0	$0	$0
Don Fredeen	Board member	1	Director	$0	$0	$0
Ron Orris	Board member	N/A	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	$7,827	$15,361	$1,959,685	$-7,534
2023	$18	$34,184	$1,957,319	$-34,166
2022	$18	$20,652	$1,991,485	$-20,634
2021	$28	$11,058	$2,029,419	$-11,030
2020	$4,175	$15,241	$2,038,479	$-11,066
2019	$58,339	$139,204	$2,034,215	$-80,865
2018	$172,052	$166,855	$3,044,415	$5,197

Bradford Economic Development Corporation