ST MARYS AREA ECONOMIC DEVELOPMENT CORPORATION (EIN 251499253) - 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

1985

Legal Domicile

Principal Officer

TINA GRADIZZI

Phone

8143351848

Tax Period

2025-01-01 to 2025-12-31

ST MARYS AREA ECONOMIC DEVELOPMENT CORPORATION, founded in 1985, is a small nonprofit that reported $177K in total revenue in fiscal year 2025. Expenses of $438K exceeded revenue, resulting in a 148% operating deficit.

Mission

TO ASSIST ELK AND CAMERON COUNTIES BUSINESSES AND INDUSTRIES WITH THEIR FINANCIAL MEANS TO GROW AND SUSTAIN THEIR BUSINESS. TO PROVIDE ASSISTANCE TO BUSINESS AND INDUSTRY IN THE ELK AND CAMERON COUNTIES REGION THROUGH LOW INTEREST LOAN PROGRAMS, CREATED TO PROMOTE ECONOMIC GROWTH

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $146,867

Investment Income $10,666

Other Revenue $19,300

TOTAL REVENUE $176,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,100

Fundraising Expenses $0

Program Expenses $312,983

Other Expenses $349,955

TOTAL EXPENSES $438,055

Year-over-Year Comparison

	2025	2024	Change
Revenue	$176,833	N/A	N/A
Expenses	$438,055	N/A	N/A
Net Income	$-261,222	N/A	N/A

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
MICHAEL HAINES	DIRECTOR	2.00	Director	$0	$0	$0
ERIC WOLFE	PRESIDENT	3.00	Officer Director	$0	$0	$0
PROBERT OLEARY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
RODNEY ANDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH HAINES	TREASURER	5.00	Officer Director	$0	$0	$0
JAMES BABCOCK	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW NEDZINSKI	DIRECTOR	1.00	Director	$0	$0	$0
CLIFF CLARK	DIRECTOR	2.00	Director	$0	$0	$0
STEVE CLEVELAND	DIRECTOR	2.00	Director	$0	$0	$0
TINA GRADIZZI	EXECUTIVE DIRECTOR	7.00	Officer	$0	$0	$0
TIMOTHY PEARSON	OPERATIONS MANAGER	0.00	Officer	$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	$176,833	$438,055	$1,110,094	$-261,222
2024	$85,917	$150,617	$1,052,712	$-64,700
2020	$42,787	$36,934	$1,020,224	$5,853
2019	$36,771	$35,696	$1,014,371	$1,075

ST MARYS AREA ECONOMIC DEVELOPMENT CORPORATION