FRANKLIN COUNTY AREA DEVELOPMENT CORPORATION

EIN: 251453719

CHAMBERSBURG, PA

Total Revenue
$1,642,514
Total Expenses
$1,609,660
Total Assets
$16,359,008
Net Assets
$11,655,143
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
PA
Principal Officer
L MICHAEL ROSS
Phone
7172638282
Tax Period
2025-01-01 to 2025-12-31

FRANKLIN COUNTY AREA DEVELOPMENT CORPORATION, founded in 1960, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $11.7M represent 85 months of operating reserves.

Mission

TO FORMULATE, IMPLEMENT, AND PROMOTE ECONOMIC DEVELOPMENT STRATEGIES FOR FRANKLIN COUNTY, PENNSYLVANIA AND THE ENHANCEMENT OF JOB OPPORTUNITIES THEREIN.

Program Service Accomplishments

Program 1

ECONOMIC DEVELOPMENT PROGRAM:DURING 2025 FCADC WAS INVOLVED IN NUMEROUS DEVELOPMENT PROJECTS ACROSS THE COUNTY THAT REPRESENT ROUGHLY $214 MILLION OF NEW CAPITAL INVESTMENTS WHICH HAS...

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ECONOMIC DEVELOPMENT PROGRAM:DURING 2025 FCADC WAS INVOLVED IN NUMEROUS DEVELOPMENT PROJECTS ACROSS THE COUNTY THAT REPRESENT ROUGHLY $214 MILLION OF NEW CAPITAL INVESTMENTS WHICH HAS CREATED/RETAINED MORE THAN 750 JOBS. THE FCADC AVAILED $7.3+ MILLION OF ECONOMIC DEVELOPMENT RESOURCES IN SUPPORT OF THOSE PROJECTS. IN ADDITION FCADC PARTICIPATED IN MORE THAN 125 EVENTS THAT HIGHLIGHTED ECONOMIC DEVEOPMENT ACCOMPLISHMENTS ACROSS THE COUNTY.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $305,127
Program Service Revenue $1,259,292
Investment Income $66,734
Other Revenue $11,361
TOTAL REVENUE $1,642,514

Expense Breakdown

Grants Paid $148,789
Salaries & Benefits $774,666
Fundraising Expenses $0
Other Expenses $686,205
TOTAL EXPENSES $1,609,660

Year-over-Year Comparison

2025 2024 Change
Revenue $1,642,514 $1,400,344 +0.2%
Expenses $1,609,660 $1,308,771 +0.2%
Net Income $32,854 $91,573 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
4
Volunteers
20

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
4
$375,760
Total Directors
15
$375,760
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
L MICHAEL ROSS PRESIDENT 40.00
Officer Director
$311,659 $64,101 $375,760
CHARLES SIOBERG CHAIR 1.00
Officer Director
$0 $0 $0
JIM JUNKIN VICE CHAIR 1.00
Officer Director
$0 $0 $0
BOB MOSER SECRETARY/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
DEAN HORST DIRECTOR 1.00
Director
$0 $0 $0
BRAD KEARNS DIRECTOR 1.00
Director
$0 $0 $0
WENDY KIPE 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
KENDRA THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
BOB ZIOBROWSKI DIRECTOR 1.00
Director
$0 $0 $0
JUDY EVANS OPERATIONS MGR/ASST. SEC. 40.00
Highest
$119,630 $21,889 $141,519
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 $1,642,514 $1,609,660 $16,359,008 $32,854
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
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