Enterprise Development Center of Erie County Inc (EIN 251524446) - 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

1988

Legal Domicile

Principal Officer

Jacob Rouch

Phone

8144800337

Tax Period

2023-07-01 to 2024-06-30

Enterprise Development Center of Erie County Inc, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $8.6M in total revenue in fiscal year 2023. Revenue surged 221% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 71% operating margin.

Mission

To facilitate retention and creation of jobs and increase prosperity in the Erie region while building the economic development infrastructure through the acquisition, development and redevelopment of real estate in Erie 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,888,747

Program Service Revenue $138,500

Investment Income $192,625

Other Revenue $373,568

TOTAL REVENUE $8,593,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,331,653

Other Expenses $2,488,853

TOTAL EXPENSES $2,488,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,593,440	$2,679,732	+2.2%
Expenses	$2,488,853	$935,558	+1.7%
Net Income	$6,104,587	$1,744,174	+2.5%

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
Laith Wardi	Vice Chairman	0.00	Officer Director	$0	$0	$0
Daryl Terella	Director	2.00	Director	$0	$0	$0
Jackie Spry	Director	2.00	Director	$0	$0	$0
David Tullio	Treasurer	2.00	Officer Director	$0	$0	$0
Jessica Horan-Kunco	Director	2.00	Director	$0	$0	$0
Jacob Rouch	Chairman	2.00	Officer Director	$0	$0	$0
Matt Zonno	Director	2.00	Director	$0	$0	$0
Kim Thomas	NonVotingMember	0.00	Director	$0	$0	$0
Jay Alberstadt Esq	Council	0.00	Director	$0	$0	$0
Harry Eighmy	Board Liaison	0.00	Director	$0	$0	$0
Leah Manino	Vice President	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	No data	No data	No data	No data
2024	$8,593,440	$2,488,853	$24,222,074	$6,104,587
2023	$2,679,732	$935,558	$8,043,049	$1,744,174
2022	$1,226,949	$431,196	$4,489,266	$795,753
2021	$3,188,944	$3,240,288	$1,164,868	$-51,344

Enterprise Development Center of Erie County Inc