FAY-PENN ECONOMIC DEVELOPMENT COUNCIL (EIN 251649514) - 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

1991

Legal Domicile

Principal Officer

GLENN A VALDISERRI

Phone

7244377913

Tax Period

2023-01-01 to 2023-12-31

FAY-PENN ECONOMIC DEVELOPMENT COUNCIL, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Net assets of $46.3M represent 131 months of operating reserves.

Mission

FAY-PENN ECONOMIC DEVELOPMENT COUNCIL ASSISTS IN GROWING AND DIVERSIFYING THE ECONOMY IN FAYETTE COUNTY, PENNSYLVANIA. FAY-PENN'S ULTIMATE OBJECTIVE IS TO SUSTAIN A SUPPORTIVE ENVIRONMENT FOR BUSINESS START-UP, EXPANSION, AND ATTRACTION. INTENDED TARGETS OF THIS APPROACH INCLUDE:-- RETAINING AND GROWING EXISTING BUSINESSES-- ADDING NEW BUSINESSES-- CREATING AND RETAINING JOBS-- DEVELOPING THE WORKFORCE-- GENERATING PRIVATE AND PUBLIC BUSINESS INVESTMENT-- ENHANCING QUALITY OF LIFE AMENITIES AND SERVICES

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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 $190,205

Program Service Revenue $3,346,705

Investment Income $590,430

Other Revenue $108,961

TOTAL REVENUE $4,236,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,302,447

Fundraising Expenses $23,664

Program Expenses $3,413,298

Other Expenses $2,858,662

TOTAL EXPENSES $4,161,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,236,301	$5,269,897	-0.2%
Expenses	$4,161,109	$4,155,247	+0.0%
Net Income	$75,192	$1,114,650	-0.9%

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

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

$336,834

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED BALLING	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM B BLANEY	ASSISTANT TREASURER	0.50	Officer Director	$0	$0	$0
TODD CASTEEL	2ND VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARK FIKE	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JAMES FOUTZ	PAST CHAIRMAN	0.50	Officer Director	$0	$0	$0
MICHAEL GEORGE	DIRECTOR	0.50	Director	$0	$0	$0
C J CALLAHAN	DIRECTOR AS OF 1/1/23	0.50	Director	$0	$0	$0
DAN GEARING	1ST VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MAX HOUSE	DIRECTOR	0.50	Director	$0	$0	$0
LAWRENCE J KIEFER	TREASURER	0.50	Officer Director	$0	$0	$0
STEPHEN M NEUBAUER	ASST SECRETARY	0.50	Officer Director	$0	$0	$0
GREGORY A PARSONS	SECRETARY	0.50	Officer Director	$0	$0	$0
RUSTY SMALLEY JR	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH FOX	DIRECTOR	0.50	Officer Director	$0	$0	$0
JUDY LYNN-CRAIG	DIRECTOR	0.50	Director	$0	$0	$0
JAMES STARK	DIRECTOR	0.50	Director	$0	$0	$0
TED STILGENBAUR	DIRECTOR	0.50	Director	$0	$0	$0
JAMES NICOLA	DIRECTOR	0.50	Director	$0	$0	$0
DEVAN WHITE	DIRECTOR	0.50	Director	$0	$0	$0
TIMOTHY FLECKER	INTERIM DIRECTOR AS OF 1/1/23	0.50	Director	$0	$0	$0
MELONY REED	CFO THRU 10/16/24	0.50	Officer	$53,971	$0	$53,971
BRENT FILAK	DIRECTOR THRU 05/31/23	40.00	Officer	$44,113	$2,190	$46,303
LAURA KURTZ KUHNS	EXECUTIVE DIRECTOR THRU 10/16/24	40.00	Officer	$135,000	$1,066	$136,066
JAMES GRAY	DIRECTOR	40.00	Officer	$96,872	$3,622	$100,494
GLENN A VALDISERRI	CFO AS OF 10/18/24	0.50	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	No data	No data	No data	No data
2023	$4,236,301	$4,161,109	$60,743,118	$75,192
2022	$5,269,897	$4,155,247	$57,122,133	$1,114,650
2021	$4,117,570	$3,828,104	$55,827,016	$289,466
2020	$4,163,921	$3,778,785	$51,521,881	$385,136
2019	$3,305,380	$3,677,448	$49,377,376	$-372,068
2018	$3,411,201	$3,421,424	$50,575,280	$-10,223

FAY-PENN ECONOMIC DEVELOPMENT COUNCIL