MILLVALE BOROUGH DEVELOPMENT CORPO… - Form 990 Financial Data

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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

1999

Legal Domicile

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, which empowers residents and businesses to create the community of our dreams through projects and programs such as: Millvale Music Festival, Gardens of Millvale, Rivertown Kidz, Millvale Bike and Pedestrian Committee, Millvale Pride, Triboro Ecodistrict, and Property Development.

Program Service Accomplishments

Program 1

Expenses: $144,635 Revenue: $240,283

To mobilize the resources available in the community, in support of the revitalization of both commercial and residential property in the Borough of Millvale.

Program 2

Expenses: $115,906 Revenue: $110,873

The Millvale Music Festival creates community-organized events that support and showcase local music, art, and entertainment at the fun and unique venues of Millvale. Pride Millvale welcomes and...

The Millvale Music Festival creates community-organized events that support and showcase local music, art, and entertainment at the fun and unique venues of Millvale. Pride Millvale welcomes and celebrates Millvale's unique businesses, residents and community organizations

Program 3

Expenses: $31,513 Revenue: $47,881

The Gardens of Millvale is our community gardening program.

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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 $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

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

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

Total Directors

Key Employees

Highest Compensated

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

MILLVALE BOROUGH DEVELOPMENT CORPORATION