JOHNSTOWN AREA REGIONAL INDUSTRIES

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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

1974

Legal Domicile

Principal Officer

LINDA THOMSON

Phone

8145358675

Tax Period

2023-01-01 to 2023-12-31

JOHNSTOWN AREA REGIONAL INDUSTRIES, founded in 1974, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 8% surplus.

Mission

CREATE & MAINTAIN JOBS

Program Service Accomplishments

Program 1

Expenses: $398,421

DEFENSE PROCUREMENT- A COST SHARING GRANT TO PROVIDE MARKETING AND TECHNICAL ASSISTANCE IN SELLING GOODS AND SERVICES TO THE DEPARTMENT OF DEFENSE

Program 2

Expenses: $379,988

WORKFORCE DEVELOPMENT TO PROVIDE FUNDING TO ENHANCE A SMALL BUSINESS'S WORKFORCE THROUGH CUSTOMIZED TRAINING PROGRAMS.

Program 3

Expenses: $454,895

SBA MICROLOAN- JARI LENDS SMALL BUSINESS ADMINISTRATION (SBA) LOAN FUNDS TO AREA BUSINESSES TO HELP PROMOTE BUSINESS GROWTH. JARI USES GRANT FUNDING FROM THE SBA TO PROVIDE TECHNICAL ASSISTANCE TO...

SBA MICROLOAN- JARI LENDS SMALL BUSINESS ADMINISTRATION (SBA) LOAN FUNDS TO AREA BUSINESSES TO HELP PROMOTE BUSINESS GROWTH. JARI USES GRANT FUNDING FROM THE SBA TO PROVIDE TECHNICAL ASSISTANCE TO MICROLOAN BORROWERS AND POTENTIAL BORROWERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,434,274

Program Service Revenue $329,411

Investment Income $74,518

Other Revenue $0

TOTAL REVENUE $1,838,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,103,988

Fundraising Expenses $0

Program Expenses $1,633,136

Other Expenses $586,824

TOTAL EXPENSES $1,690,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,838,203	$1,565,309	+0.2%
Expenses	$1,690,812	$1,628,611	+0.0%
Net Income	$147,391	$-63,302	-3.3%

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

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

$428,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY GLOSSER	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM LOCHER	CHAIRMAN	0.25	Officer Director	$0	$0	$0
ADAM MURPHY	DIRECTOR	0.25	Director	$0	$0	$0
AMY M NIELSEN	SECOND VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
WILLIAM POLACEK	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY STOPKO	FIRST VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
GREGORY WINGER	TREASURER	0.25	Officer Director	$0	$0	$0
JOHN MCKEEGAN	DIRECTOR	0.25	Director	$0	$0	$0
MATTHEW JOHNSON	SECRETARY	0.25	Officer Director	$0	$0	$0
CHRISTOPHER OVERDORFF	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM CALDWELL	ASSISTANT TREASURER	0.25	Officer Director	$0	$0	$0
STEVEN NUNEZ	DIRECTOR	0.25	Director	$0	$0	$0
JOHN KLEIN	DIRECTOR	0.25	Director	$0	$0	$0
KYLE KUNKLE	DIRECTOR	0.25	Director	$0	$0	$0
LINDA THOMSON	PRESIDENT, CEO	40.00	Officer	$172,190	$26,948	$199,138
MICHELE CLAPPER	VICE PRESIDENT	40.00	Officer	$102,160	$28,483	$130,643
BRENDA FIKE	CFO	40.00	Officer	$81,527	$17,554	$99,081

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	No data	No data	No data	No data
2023	$1,838,203	$1,690,812	$2,754,387	$147,391
2022	$1,565,309	$1,628,611	$2,137,238	$-63,302
2021	$1,504,902	$1,517,849	$2,147,775	$-12,947
2020	$1,387,488	$1,367,533	$2,486,033	$19,955
2019	$1,498,692	$1,439,407	$2,225,287	$59,285
2018	$1,351,969	$1,438,451	$2,067,375	$-86,482