Armstrong County Industrial Development Council (EIN 251452351) - 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

1968

Legal Domicile

Principal Officer

Darin Alviano

Phone

7245481500

Tax Period

2024-07-01 to 2025-06-30

Armstrong County Industrial Development Council, founded in 1968, is a small nonprofit that reported $686K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 64% operating deficit.

Mission

Provide help for the development of the community

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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 $311,545

Program Service Revenue $0

Investment Income $54,017

Other Revenue $320,773

TOTAL REVENUE $686,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $994,813

Other Expenses $1,127,835

TOTAL EXPENSES $1,127,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$686,335	$1,898,709	-0.6%
Expenses	$1,127,835	$607,806	+0.9%
Net Income	$-441,500	$1,290,903	-1.3%

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

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
Darin Alviano	Exec Director	0.00	Officer 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
2025	$686,335	$1,127,835	$4,736,598	$-441,500
2024	$1,898,709	$607,806	$5,198,031	$1,290,903
2023	$2,336,199	$436,152	$3,953,416	$1,900,047
2022	$734,767	$727,609	$7,174,983	$7,158
2021	$384,736	$882,085	$7,451,819	$-497,349
2020	$685,377	$650,119	$8,137,886	$35,258
2019	$561,240	$682,204	$8,172,701	$-120,964
2018	$2,156,220	$2,124,184	$9,298,829	$32,036

Armstrong County Industrial Development Council