KEYSTONE DEVELOPMENT CENTER INC

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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

NOEMI GISZPENC

Phone

7177922163

Tax Period

2024-01-01 to 2024-12-31

KEYSTONE DEVELOPMENT CENTER INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $525K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $507K left a modest 3% surplus.

Mission

WE ARE A NON-PROFIT CORPORATION DEDICATED TO PROVIDING TECHNICAL AND RESEARCH ASSISTANCE TO GROUPS WHO WISH TO ORGANIZE AS COOPERATIVES. THROUGH THIS WE MEET THE ECONOMIC AND BUSINESS DEVELOPMENT NEEDS TO RURAL AND NON-RURAL AREAS IN THE MULTI STATE AREA OF PENNSYLVANIA, MARYLAND, NEW JERSEY, AND DELAWARE.

Program Service Accomplishments

Program 1

Expenses: $348,199 Revenue: $66,151

PROVIDE TECHNICAL AND RESEARCH ASSISTANCE TO COOPERATIVELY OWNED BUSINESSES, AS WELL AS EDUCATIONAL PROGRAMMING.

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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 $458,288

Program Service Revenue $62,258

Investment Income $189

Other Revenue $3,893

TOTAL REVENUE $524,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386,489

Fundraising Expenses $42,125

Program Expenses $348,199

Other Expenses $120,463

TOTAL EXPENSES $506,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$524,628	$407,741	+0.3%
Expenses	$506,952	$443,684	+0.1%
Net Income	$17,676	$-35,943	-1.5%

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

$76,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLOTTE DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN LEDEWITZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAMI ODETOLA	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA SAVOIE	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICA THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
ROB WITHERELL	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY BROOMFIELD	DIRECTOR	1.00	Director	$0	$0	$0
KERSTIN AMS	DIRECTOR	1.00	Director	$0	$0	$0
NOEMI GISZPENC	EXECUTIVE DIRECTOR	40.00	Officer	$75,721	$1,000	$76,721

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	$524,628	$506,952	$376,357	$17,676
2023	$407,741	$443,684	$332,061	$-35,943
2022	$470,670	$383,771	$354,473	$86,899
2021	$419,199	$372,816	$263,624	$46,383
2020	$448,619	$395,462	$232,825	$53,157
2019	$244,619	$302,472	$115,025	$-57,853
2018	No data	No data	$172,878	No data