JOHNSTOWN BUSINESS DISTRICT DEVELOPMENT (EIN 251809898) - 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

2000

Legal Domicile

Principal Officer

SHARON HONKUS

Phone

8142624141

Tax Period

2024-07-01 to 2025-06-30

JOHNSTOWN BUSINESS DISTRICT DEVELOPMENT, founded in 2000, is a micro nonprofit that reported $542 in total revenue in fiscal year 2024. Expenses of $1K exceeded revenue, resulting in a 121% operating deficit.

Mission

REAL ESTATE DEVELOPMENT

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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 $0

Program Service Revenue $0

Investment Income $542

Other Revenue $0

TOTAL REVENUE $542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100

Other Expenses $1,200

TOTAL EXPENSES $1,200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$542	$533	+0.0%
Expenses	$1,200	$3,040	-0.6%
Net Income	$-658	$-2,507	-0.7%

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

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
CHERYL IZING	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
CHAD MCCLAREN	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
SHARON HONKUS	PRESIDENT	2.00	Officer Director	$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	$542	$1,200	$49,430	$-658
2024	$533	$3,040	$50,088	$-2,507
2023	$8,893	$2,357	$52,595	$6,536
2022	$1,856	$900	$46,059	$956
2021	$252	$6,032	$45,103	$-5,780
2020	$368	$7,479	$50,883	$-7,111
2019	$470	$10,343	$57,994	$-9,873
2018	$1,781	$11,617	$67,867	$-9,836

JOHNSTOWN BUSINESS DISTRICT DEVELOPMENT