ALTOONA-BLAIR COUNTY DEVELOPMENT C… - Form 990 Financial Data

🔒

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

1946

Legal Domicile

Principal Officer

STEPHEN MCKNIGHT

Phone

8149446113

Tax Period

2025-01-01 to 2025-12-31

ALTOONA-BLAIR COUNTY DEVELOPMENT CORP, founded in 1946, is a community nonprofit in the Community Improvement sector that reported $6.7M in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $6.0M left a modest 11% surplus.

Mission

TO ENSURE BLAIR COUNTY IS THE BEST AND MOST COMPETITIVE COMMUNITY IT CAN BE SO WE CAN ATTRACT AND RETAIN TALENT, INVESTMENT, AND JOB OPPORTUNITIES FOR FUTURE GENERATIONS TO COME.

Program Service Accomplishments

Program 1

Expenses: $5,424,961 Revenue: $4,414,973

CONTINUED FUNCTIONING AS A VECHICLE TO PROVIDE FINANCING,ETC. FOR INDUSTRIAL AND EMPLOYMENT EXPANSION IN THE AREA

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $2,318,789

Program Service Revenue $0

Investment Income $931,378

Other Revenue $3,483,595

TOTAL REVENUE $6,733,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,015,484

Fundraising Expenses $0

Program Expenses $5,424,961

Other Expenses $4,969,641

TOTAL EXPENSES $5,985,125

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,733,762	$5,142,989	+0.3%
Expenses	$5,985,125	$5,279,452	+0.1%
Net Income	$748,637	$-136,463	-6.5%

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

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

$355,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON MCCONNEL	CHAIRMAIN	3.00	Officer Director	$0	$0	$0
ANN BENZEL	1ST VICE CHAIR	3.00	Officer Director	$0	$0	$0
MARK RITCHEY	2ND VICE CHAIR	3.00	Officer Director	$0	$0	$0
MIKE SETTIMIO	SECRETARY	3.00	Officer Director	$0	$0	$0
TROY CAMPBELL	TREASURER	3.00	Officer Director	$0	$0	$0
JOSEPH SHEETZ	ASSISTANT SECRETARY/TREASU	3.00	Officer Director	$0	$0	$0
DAN HOOVER	ASSISTANT SECRETARY/TREASU	3.00	Officer Director	$0	$0	$0
PHILIP FREEMAN	ASSISTANT SECRETARY/TREASU	3.00	Officer Director	$0	$0	$0
JOSH BAKER	DIRECTOR	3.00	Director	$0	$0	$0
JOSH BARNHART	DIRECTOR	3.00	Director	$0	$0	$0
BOB BILGER	DIRECTOR	3.00	Director	$0	$0	$0
ANDREA COHEN	DIRECTOR	3.00	Director	$0	$0	$0
MIKE CORSO	DIRECTOR	3.00	Director	$0	$0	$0
DEREK COUGHENOUR	DIRECTOR	3.00	Director	$0	$0	$0
RON DARBEAU	DIRECTOR	3.00	Director	$0	$0	$0
BRUNO DEGOL III	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL DELGROSSO	DIRECTOR	3.00	Director	$0	$0	$0
JOE DIAMOND	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD FIORE JR	DIRECTOR	3.00	Director	$0	$0	$0
NICHOLAS GATES	DIRECTOR	3.00	Director	$0	$0	$0
BRAD HATCH	DIRECTOR	3.00	Director	$0	$0	$0
JOHN HORELL	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN IRWIN	DIRECTOR	3.00	Director	$0	$0	$0
JEFF LONG	DIRECTOR	3.00	Director	$0	$0	$0
FRANK MONTECALVO	DIRECTOR	3.00	Director	$0	$0	$0
MATT PACIFICO	DIRECTOR	3.00	Director	$0	$0	$0
BO PRATT	DIRECTOR	3.00	Director	$0	$0	$0
JOHN RUSSELL	DIRECTOR	3.00	Director	$0	$0	$0
KIRSTEN STRATTON	DIRECTOR	3.00	Director	$0	$0	$0
ADAM WARD	DIRECTOR	3.00	Director	$0	$0	$0
NICOLE ZERNICK	DIRECTOR	3.00	Director	$0	$0	$0
STEPHEN MCKNIGHT	PRESIDENT & CEO	40.00	Key Emp	$188,500	$0	$188,500
TOM SEASOLTZ	CHIEF FINANCIAL OFFICER	40.00	Key Emp	$166,500	$0	$166,500
MATTHEW FOX	DIRECTOR OF BUSINESS EXPAN	40.00	Highest	$135,500	$0	$135,500

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
2025	$6,733,762	$5,985,125	$115,906,832	$748,637
2024	$5,142,989	$5,279,452	$115,924,740	$-136,463
2023	$5,482,146	$5,287,740	$122,094,701	$194,406
2022	$33,416,279	$6,259,067	$122,969,142	$27,157,212
2021	$5,843,646	$8,581,347	$169,435,672	$-2,737,701
2020	$5,407,499	$8,189,882	$174,792,251	$-2,782,383
2020	$5,407,499	$8,189,882	$174,792,251	$-2,782,383
2019	$7,589,358	$11,157,860	$177,873,180	$-3,568,502
2019	$7,589,358	$11,157,860	$177,873,180	$-3,568,502
2018	$4,235,188	$6,386,239	$181,639,723	$-2,151,051

ALTOONA-BLAIR COUNTY DEVELOPMENT CORP