REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA (EIN 251636676) - 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

1990

Legal Domicile

Principal Officer

MARIAN D KURTA

Phone

4123156440

Tax Period

2024-01-01 to 2024-12-31

REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $324K in total revenue in fiscal year 2024. Revenue surged 672% from the prior year, signaling strong growth momentum. The organization ran a surplus of $290K, a strong 89% operating margin.

Mission

THE REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA WAS ESTABLISHED TO PROMOTE COMMUNITY DEVELOPMENT IN SOUTHWESTERN PENNSYLVANIA THROUGH THE CONDUCT OF A NUMBER OF ACTIVITIES, INCLUDING THE OPERATION OF A REVOLVING LOAN FUND.

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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 $75,000

Program Service Revenue $218,131

Investment Income $30,480

Other Revenue $0

TOTAL REVENUE $323,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,010

Other Expenses $34,010

TOTAL EXPENSES $34,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,611	$41,923	+6.7%
Expenses	$34,010	$32,100	+0.1%
Net Income	$289,601	$9,823	+28.5%

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

$1,994,360

Total Directors

$712,374

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SMITH DONALD F JR	PRESIDENT	0.50	Officer Director	$0	$67,544	$712,374
KURTZROCK MARK JAY	DIRECTOR/VICE CHAIRMAN	0.50	Director	$0	$0	$0
STEPHENSON SAMUEL J	CHAIRMAN/DIRECTOR	0.50	Officer Director	$0	$0	$0
HUNT WILLIAM	DIRECTOR/VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MCNULTY TIMOTHY P	DIRECTOR	0.50	Director	$0	$0	$0
GIOVANNITTI JENNIFER	DIRECTOR	0.50	Director	$0	$0	$0
RUSSO AUDREY	DIRECTOR	0.50	Director	$0	$0	$0
MONDI PATRICK	DIRECTOR	0.50	Director	$0	$0	$0
WHITE TIMOTHY F	SENIOR VP - DEVELOPMENT	0.50	Officer	$0	$50,493	$453,770
HOBBES JASON W	CORPORATE SECRETARY	0.50	Officer	$0	$41,417	$272,708
GOLDSTROM MICHAEL	SENIOR VP - REAL ESTATE	0.00	Officer	$0	$50,074	$382,083
KURTA MARIAN D	TREASURER	0.50	Officer	$0	$35,134	$173,425
HEINRICHER MICHAEL	DIRECTOR, ASSET MANAGEMENT	0.50	Highest	$0	$31,272	$203,017
PINELLI CHRISTOPHER	DIRECTOR, PROPERTY MGMT	0.00	Highest	$0	$22,460	$208,764
BUECHLI JOHN	CONSTRUCTION MANAGER	0.00	Highest	$0	$36,262	$188,571
MILLER KEITH	DIRECTOR OF SITE DEVELOPME	0.00	Highest	$0	$30,852	$188,548
COOPER JENI	DIRECTOR OF COMMUNITY INVE	0.00	Highest	$0	$31,534	$203,511

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	$323,611	$34,010	$5,771,426	$289,601
2023	$41,923	$32,100	$5,468,104	$9,823
2022	$2,533,737	$2,063,705	$4,351,429	$470,032
2021	$162,292	$4,511	$4,322,091	$157,781
2020	$31,792	$4,795	$4,165,751	$26,997
2019	$51,584	$3,535	$4,136,237	$48,049
2018	$39,453	$4,660	$4,088,908	$34,793

REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA