GREENVILLE AREA ECONOMIC DEVELOPME… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

ELLEN PARDEE

Phone

7245881161

Tax Period

2024-01-01 to 2024-12-31

GREENVILLE AREA ECONOMIC DEVELOPMENT CORPORATION, founded in 1984, is a micro nonprofit that reported $63K in total revenue in fiscal year 2024. Expenses of $88K exceeded revenue, resulting in a 41% operating deficit.

Mission

SERVICES AND PROGRAMS DESIGNED TO FOSTER, ENHANCE, ATTRACT AND PROMOTE ECONOMIC DEVELOPMENT IN GREENVILLE, PA AND MERCER COUNTY, PA.

Program Service Accomplishments

Program 1

Expenses: $88,458 Revenue: $29,690

CONSULTING SERVICES TO EXISTING AND PROSPECTIVE BUSINESS ENTITIES

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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 $33,412

Program Service Revenue $20,001

Investment Income $9,189

Other Revenue $0

TOTAL REVENUE $62,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,458

Other Expenses $88,458

TOTAL EXPENSES $88,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,602	$60,081	+0.0%
Expenses	$88,458	$99,882	-0.1%
Net Income	$-25,856	$-39,801	-0.4%

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
ROBERTA LEONARD	CHAIRMAN	1.00	Officer	$0	$0	$0
ROD WILT	VICE-CHAIRMA	1.00	Officer	$0	$0	$0
JEAN CARR	SECRETARY	1.00	Officer	$0	$0	$0
SAMANTHA SNODGRASS	TREASURER	1.00	Officer	$0	$0	$0
ELLEN PARDEE	EXECUTIVE DI	35.00	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	$62,602	$88,458	$294,520	$-25,856
2023	$60,081	$99,882	$320,004	$-39,801
2022	$151,795	$92,158	$359,805	$59,637
2021	$27,810	$73,711	$300,168	$-45,901
2020	$54,178	$89,187	$346,069	$-35,009

GREENVILLE AREA ECONOMIC DEVELOPMENT CORPORATION