Economic Alliance Foundation Inc

EIN: 251657575 501(c)(3) Community Improvement

Meadville, PA

Total Revenue
$70,021
Total Expenses
$163,085
Total Assets
$815,674
Net Assets
$795,281
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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
PA
Principal Officer
Joseph C Ledford
Phone
8143332299
Tax Period
2023-01-01 to 2023-12-31

Economic Alliance Foundation Inc, founded in 1991, is a micro nonprofit in the Community Improvement sector that reported $70K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $163K exceeded revenue, resulting in a 133% operating deficit.

Mission

The Economic Alliance Foundation, Inc. promotes programs to combat community deterioration in the Crawford County Pennsylvania geographical area.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,430
Other Revenue $68,591
TOTAL REVENUE $70,021

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $61,581
Other Expenses $163,085
TOTAL EXPENSES $163,085

Year-over-Year Comparison

2023 2022 Change
Revenue $70,021 $203,006 -0.7%
Expenses $163,085 $110,004 +0.5%
Net Income $-93,064 $93,002 -2.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
16

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James T Cessna Director 1.00
Director
$0 $0 $0
Timothy J Bracken Director 1.00
Director
$0 $0 $0
Thomas R Stanton Director 1.00
Director
$0 $0 $0
Brian T Gildea Director 1.00
Director
$0 $0 $0
Deborah P Pipp Treasurer 2.00
Officer Director
$0 $0 $0
Jeffrey J Passilla Secretary 2.00
Officer Director
$0 $0 $0
Paul L Huber Vice President 2.00
Officer Director
$0 $0 $0
Philip E Pandolph Director 1.00
Director
$0 $0 $0
Bonnie S Kuhn Director 1.00
Director
$0 $0 $0
Joseph C Ledford President 2.00
Officer Director
$0 $0 $0
Nicola Dent-Fisher Director 1.00
Director
$0 $0 $0
J Christopher Soff Asst. Sec/Treas 1.00
Director
$0 $0 $0
James J Becker Executive Director 0.00
$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 $70,021 $163,085 $815,674 $-93,064
2022 $203,006 $110,004 $899,311 $93,002
2021 $68,132 $83,191 $816,284 $-15,059
2020 $70,116 $70,112 $827,979 $4
2019 $62,977 $77,500 $846,695 $-14,523
2018 $57,509 $78,099 $838,076 $-20,590
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