BEAVER COUNTY CORPORATION FOR ECONOMIC DEVELOPMENT (EIN 251450625) - 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

1983

Legal Domicile

Principal Officer

LEWIS VILLOTTI

Phone

7247288610

Tax Period

2024-07-01 to 2025-06-30

BEAVER COUNTY CORPORATION FOR ECONOMIC DEVELOPMENT, founded in 1983, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 63% operating margin.

Mission

CED'S MISSION IS TO ENCOURAGE JOB CREATION AND PRIVATE INVESTMENT IN BEAVER COUNTY BY: ASSISTING IN OR UNDERTAKING THE DEVELOPMENT OF SITES AND STRUCTURES IN STRATEGIC LOCATIONS FOR VALUE-ADDED COMPANIES; OPERATING OR ACCESSING FINANCING PROGRAMS FOR VALUE-ADDED COMPANIES; AND, ASSISTING IN OR UNDERTAKING SPECIAL INITIATIVES THAT HAVE A SIGNIFICANT COMMUNITY IMPACT.

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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 $398,440

Program Service Revenue $248,039

Investment Income $2,803,954

Other Revenue $-496,384

TOTAL REVENUE $2,954,049

Expense Breakdown

Grants Paid $274,799

Salaries & Benefits $515,046

Fundraising Expenses $0

Program Expenses $848,822

Other Expenses $305,778

TOTAL EXPENSES $1,095,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,954,049	$1,949,594	+0.5%
Expenses	$1,095,623	$1,911,348	-0.4%
Net Income	$1,858,426	$38,246	+47.6%

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

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

$181,866

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAREY MCDOUGALL	CHAIR	1.00	Officer Director	$0	$0	$0
CAROLYN RENNINGER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOE BEVEVINO	TREASURER	1.00	Officer Director	$0	$0	$0
DR MELVIN STEALS	DIRECTOR	1.00	Director	$0	$0	$0
JACK MANNING	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL CAMP III	DIRECTOR	1.00	Director	$0	$0	$0
TONY AMADIO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID O'LEARY	DIRECTOR	1.00	Director	$0	$0	$0
LARRY NELSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW DAWSON	DIRECTOR	1.00	Director	$0	$0	$0
ED DEMAILO	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LINCHECK	DIRECTOR	1.00	Director	$0	$0	$0
RENEE SUHR	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE SAVOLDI	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS VILLOTTI	PRESIDENT	40.00	Officer	$140,367	$41,499	$181,866

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	$2,954,049	$1,095,623	$32,361,510	$1,858,426
2024	$1,949,594	$1,911,348	$30,941,458	$38,246
2023	$750,100	$848,502	$31,351,175	$-98,402
2022	$833,799	$934,038	$31,687,413	$-100,239
2021	$3,136,339	$2,553,065	$31,859,873	$583,274
2020	$1,377,905	$775,826	$31,125,199	$602,079
2019	$1,788,468	$675,431	$30,123,585	$1,113,037

BEAVER COUNTY CORPORATION FOR ECONOMIC DEVELOPMENT