FRANKLIN COUNTY AREA DEVELOPMENT CORPORATION (EIN 251453719) - 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

1960

Legal Domicile

Principal Officer

L MICHAEL ROSS

Phone

7172638282

Tax Period

2023-01-01 to 2023-12-31

FRANKLIN COUNTY AREA DEVELOPMENT CORPORATION, founded in 1960, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $390K, a strong 23% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT STRATEGIES FOR FRANKLIN COUNTY, PENNSYLVANIA

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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 $118,560

Program Service Revenue $1,163,409

Investment Income $367,688

Other Revenue $65,334

TOTAL REVENUE $1,714,991

Expense Breakdown

Grants Paid $10,652

Salaries & Benefits $707,265

Fundraising Expenses $0

Other Expenses $607,477

TOTAL EXPENSES $1,325,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,714,991	$1,648,304	+0.0%
Expenses	$1,325,394	$1,418,348	-0.1%
Net Income	$389,597	$229,956	+0.7%

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

$349,494

Total Directors

$349,494

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L MICHAEL ROSS	PRESIDENT	40.00	Officer Director	$288,650	$60,844	$349,494
JUDY EVANS	OPERATIONS MGR/ASST. SEC.	40.00	Highest	$107,919	$19,434	$127,353
CHARLES SIOBERG	CHAIR	1.00	Officer Director	$0	$0	$0
FRANK TRAVER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID KELLER	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS ARDINGER	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY BENEDICK	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FLANNERY	DIRECTOR	1.00	Director	$0	$0	$0
JIM JUNKIN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD KEARNS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MOSER	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE MOWEN	DIRECTOR	1.00	Director	$0	$0	$0
CHAD ROSENBERRY	DIRECTOR	1.00	Director	$0	$0	$0
BOB ZIOBROWSKI	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$1,714,991	$1,325,394	$15,731,833	$389,597
2022	$1,648,304	$1,418,348	$16,679,923	$229,956
2021	$1,910,543	$1,417,972	$18,136,833	$492,571
2020	$1,954,116	$1,504,581	$17,969,719	$449,535
2019	$2,101,062	$1,592,853	$19,229,840	$508,209
2018	$2,176,598	$1,965,984	$20,863,483	$210,614

FRANKLIN COUNTY AREA DEVELOPMENT CORPORATION