GREATER ALTOONA ECONOMIC DEVELOPMENT CORPORATION (EIN 251515053) - 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

STEPHEN MCKNIGHT

Phone

8149423484

Tax Period

2024-01-01 to 2024-12-31

GREATER ALTOONA ECONOMIC DEVELOPMENT CORPORATION, founded in 1985, is a micro nonprofit that reported $9K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $23K exceeded revenue, resulting in a 158% operating deficit.

Mission

ECONOMIC DEVELOPMENT WITHIN THE CITY OF ALTOONA.

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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 $6,579

Program Service Revenue $0

Investment Income $2,100

Other Revenue $193

TOTAL REVENUE $8,872

Expense Breakdown

Grants Paid $12,625

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,755

Other Expenses $10,285

TOTAL EXPENSES $22,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,872	$112,929	-0.9%
Expenses	$22,910	$124,780	-0.8%
Net Income	$-14,038	$-11,851	+0.2%

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
LARRY BILOTTO	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE BUTTERBAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
LA VONNE FALBO	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUISA LOBRE-RILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRI MCGREGOR	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MOSCHELLA JR	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT PACIFICO	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HORELL	CHAIRMAN	4.00	Officer	$0	$0	$0
RON MCCONNELL	FIRST VICE CHAIRMAN	4.00	Officer	$0	$0	$0
ANN BENZEL	SECRETARY	4.00	Officer	$0	$0	$0
STEPHEN MCKNIGHT	EXECUTIVE DIRECTOR	4.00	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
2024	$8,872	$22,910	$202,796	$-14,038
2023	$112,929	$124,780	$216,834	$-11,851
2022	$318,866	$314,247	$228,685	$4,619
2021	$283,807	$294,429	$224,066	$-10,622
2020	$306,545	$324,841	$239,688	$-18,296
2019	$287,260	$267,593	$252,984	$19,667
2018	$342,137	$367,449	$263,617	$-25,312

GREATER ALTOONA ECONOMIC DEVELOPMENT CORPORATION