WARREN COUNTY DEVELOPMENT ASSOCIATION (EIN 251461831) - 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

1957

Legal Domicile

Principal Officer

JAMES L DECKER

Phone

8147233050

Tax Period

2023-01-01 to 2023-12-31

WARREN COUNTY DEVELOPMENT ASSOCIATION, founded in 1957, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $670K, a strong 40% operating margin.

Mission

THE WARREN COUNTY DEVELOPMENT ASSOCIATION OPERATES AN INDUSTRIAL INCUBATOR TO PROVIDE SUPPORT FOR NEW BUSINESSES, ASSIST WITH SITE ACQUISITIONS FOR EXPANDING BUSINESSES, ASSIST WITH FACILITY RETENTION FOR THREATENED BUSINESSES AND PROMOTE ECONOMIC DEVELOPMENT.

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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 $733,650

Program Service Revenue $439,737

Investment Income $255

Other Revenue $501,967

TOTAL REVENUE $1,675,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $950,991

Other Expenses $1,005,962

TOTAL EXPENSES $1,005,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,675,609	$1,294,032	+0.3%
Expenses	$1,005,962	$913,741	+0.1%
Net Income	$669,647	$380,291	+0.8%

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

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

$117,007

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY LANG	EXECUTIVE CO	0.75	Officer Director	$0	$0	$0
MIKE BARRETT	DIRECTOR	0.75	Director	$0	$0	$0
SHAWN WALKER	VICE CHAIRMA	0.75	Officer Director	$0	$0	$0
PIPER VANORD	DIRECTOR	0.75	Director	$0	$0	$0
GREG AUSTIN	EXECUTIVE CO	0.75	Officer Director	$0	$0	$0
STEVEN ROTHENBERG	TREASURER	0.75	Officer Director	$0	$0	$0
RYAN STEFFAN	DIRECTOR	0.75	Director	$0	$0	$0
JOHN STEWART	DIRECTOR	0.75	Director	$0	$0	$0
MINDY LITTLEFIELD	DIRECTOR	0.75	Director	$0	$0	$0
HANK LEMEUR	CHAIRMAN	0.75	Officer Director	$0	$0	$0
WILL BUNK	EXECUTIVE CO	0.75	Officer Director	$0	$0	$0
SUSAN TECONCHUK	DIRECTOR	0.75	Director	$0	$0	$0
JEREMY SNELL	DIRECTOR	0.75	Director	$0	$0	$0
ROBERT KAEMMERER	DIRECTOR	0.75	Director	$0	$0	$0
RICK ALLEN	DIRECTOR	0.75	Director	$0	$0	$0
ANDY SOKOLSKI	EXECUTIVE CO	0.75	Officer Director	$0	$0	$0
CHAD BETTS	DIRECTOR	0.75	Director	$0	$0	$0
JAMES L DECKER	PRESIDENT/CE	20.00	Officer	$0	$11,334	$117,007

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	$1,675,609	$1,005,962	$4,884,788	$669,647
2022	$1,294,032	$913,741	$4,233,888	$380,291
2021	$668,742	$633,973	$4,073,318	$34,769
2020	$1,146,988	$722,621	$4,488,246	$424,367
2019	$1,150,981	$640,677	$3,993,230	$510,304
2018	$1,279,055	$541,310	$3,871,610	$737,745

WARREN COUNTY DEVELOPMENT ASSOCIATION