SPEDD INC (EIN 251188760) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

JEROME D LOMBARDI

Phone

7245684188

Tax Period

2024-07-01 to 2025-06-30

SPEDD INC, founded in 1967, is a community nonprofit in the Community Improvement sector that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 31% operating margin.

Mission

TO INCREASE EMPLOYMENT OPPORTUNITIES AND IMPROVE DETERIORATING NEIGHBORHOODS IN WESTERN PENNSYLVANIA THROUGH THE REHABILITATION OF NEGLECTED INDUSTRIAL AND COMMERCIAL PROPERTIES INTO BUSINESS INCUBATORS AND NEW VENTURE FACILITIES WHICH ASSIST SMALL BUSINESS IN GROWING AND CREATING JOBS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $75,622

Program Service Revenue $3,047,043

Investment Income $1,290,118

Other Revenue $0

TOTAL REVENUE $4,412,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $652,900

Fundraising Expenses $4,132

Program Expenses $2,641,209

Other Expenses $2,405,875

TOTAL EXPENSES $3,058,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,412,783	$3,987,457	+0.1%
Expenses	$3,058,775	$2,869,088	+0.1%
Net Income	$1,354,008	$1,118,369	+0.2%

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

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

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

$267,040

Total Directors

$594,784

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROME D LOMBARDI	PRESIDENT, C	50.00	Officer Director	$259,708	$7,332	$267,040
KIMBERLY AMENT	DIRECTOR	40.00	Director	$158,680	$13,618	$172,298
ELIZABETH MARTIN	DIRECTOR	40.00	Director	$142,435	$13,011	$155,446

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	$4,412,783	$3,058,775	$28,788,923	$1,354,008
2024	$3,987,457	$2,869,088	$28,631,323	$1,118,369
2023	$3,034,418	$2,751,614	$28,692,805	$282,804
2022	$4,019,412	$2,815,381	$27,841,148	$1,204,031
2021	$4,058,990	$2,838,976	$27,500,100	$1,220,014
2020	$3,387,014	$2,898,868	$27,256,788	$488,146
2019	$3,968,195	$3,008,730	$28,228,196	$959,465
2019	$3,968,195	$3,008,730	$28,228,196	$959,465
2018	$3,962,920	$2,954,172	$28,035,586	$1,008,748

SPEDD INC