MILLVALE BOROUGH DEVELOPMENT CORPORATION

EIN: 251823770 501(c)(3) Community Improvement

Millvale, PA

Total Revenue
$552,897
Total Expenses
$387,065
Total Assets
$1,236,533
Net Assets
$1,018,211
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
PA
Principal Officer
BRIAN WOLOVICH
Phone
4129777672
Tax Period
2023-01-01 to 2023-12-31

MILLVALE BOROUGH DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $553K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 30% operating margin.

Mission

The Mission of the Millvale Borough Development Corporation is ~ Active Sustainable Growth. The Millvale Borough Development Corporation is a non profit community development organization located in Millvale, Pennsylvania, and empowers residents and businesses to create the community of our dreams through programs and projects such as: Millvale Music Festival, Gardens of Millvale, Business Association of Millvale, Rivertown Kidz, Millvale Pride, Bike and Pedestrian Committee, Triboro Ecodistrict, and the Property Development Council.

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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 $501,803
Program Service Revenue $4,194
Investment Income $0
Other Revenue $46,900
TOTAL REVENUE $552,897

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $387,065
Other Expenses $387,065
TOTAL EXPENSES $387,065

Year-over-Year Comparison

2023 2022 Change
Revenue $552,897 $423,879 +0.3%
Expenses $387,065 $364,456 +0.1%
Net Income $165,832 $59,423 +1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
350

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
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN WOLOVICH PRESIDENT 15
Officer Director
$0 $0 $0
ABBEY NILSON VICE PRESIDENT 5
Officer Director
$0 $0 $0
SAM MCCOY SMITH TREASURER 5
Officer Director
$0 $0 $0
DEE SCHLOTTER SECRETARY 5
Officer Director
$0 $0 $0
PAUL BOSSUNG BOARD MEMBER 5
Director
$0 $0 $0
DENISE RUDAR BOARD MEMBER 2
Director
$0 $0 $0
PERRY REES BOARD MEMBER 3
Director
$0 $0 $0
TINA GALIOTO BOARD MEMBER 1
Director
$0 $0 $0
JANET ZIPF BOARD MEMBER 2
Director
$0 $0 $0
DANIELLE SPINOLA BOARD MEMBER 1
Director
$0 $0 $0
ATHENA FLINT BOARD MEMBER 1
Director
$0 $0 $0
GEORGIA ENGLISH BOARD MEMBER 3
Director
$0 $0 $0
JESS LANDOLINA BOARD MEMBER 10.00
Director
$0 $0 $0
EMILY POTOCZNY BOARD MEMBER 3
Director
$0 $0 $0
MELISSA MASON BOARD MEMBER 1
Director
$0 $0 $0
JACKIE MICHALIK BOARD MEMBER 1
Director
$0 $0 $0
JAIME HAHN BOARD MEMBER 1
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
2024 No data No data No data No data
2023 $552,897 $387,065 $1,236,533 $165,832
2022 $423,879 $364,456 $922,729 $59,423
2021 $190,471 $126,994 $875,583 $63,477
2020 $152,899 $141,384 $824,383 $11,515
2019 $39,173 $168,123 $793,084 $-128,950
2018 $254,887 $337,662 $1,192,727 $-82,775
2017 $80,502 $183,677 $1,381,029 $-103,175
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