Clearfield County Economic Development Corp (EIN 251846317) - 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

1999

Legal Domicile

Phone

8147687838

Tax Period

2024-01-01 to 2024-12-31

Clearfield County Economic Development Corp, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $763K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $924K exceeded revenue, resulting in a 21% operating deficit.

Mission

It is the mission of the organization to be the leading resource agency in economic developement throughout Clearfield County, PA relating to job creation and job retention.

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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 $244,138

Program Service Revenue $502,582

Investment Income $16,624

Other Revenue $0

TOTAL REVENUE $763,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,663

Fundraising Expenses $0

Program Expenses $710,499

Other Expenses $629,344

TOTAL EXPENSES $924,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$763,344	$1,079,442	-0.3%
Expenses	$924,007	$993,132	-0.1%
Net Income	$-160,663	$86,310	-2.9%

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

N/A

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
Greg Dixon	Director	5.00	Director	$0	$0	$0
Fred Redden	Director	5.00	Director	$0	$0	$0
Jeff Miller	Director	5.00	Director	$0	$0	$0
John Shimko	Director	5.00	Director	$0	$0	$0
William Shiner	Director	5.00	Director	$0	$0	$0
Ned Kendall III	Director	5.00	Director	$0	$0	$0
Jack Rumfola	Director	5.00	Director	$0	$0	$0
John Sobel	Director	5.00	Director	$0	$0	$0
Andrew Nedzinski	Treasurer	10.00	Officer	$0	$0	$0
Jeannine Swisher	Secretary	10.00	Officer	$0	$0	$0
Chris Bohley	Asst SecretaryDirector	10.00	Officer	$0	$0	$0
Nick Sidorick	Vice-Chairman	10.00	Officer	$0	$0	$0
Ron Thorp	Chairman	10.00	Officer	$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	$763,344	$924,007	$11,650,516	$-160,663
2023	$1,079,442	$993,132	$11,283,550	$86,310
2022	$-1,007,472	$1,010,808	$14,062,814	$-2,018,280
2021	$2,559,782	$1,226,428	$13,099,674	$1,333,354
2021	$1,785,295	$1,072,857	$15,304,983	$712,438
2020	$714,681	$912,175	$12,156,938	$-197,494
2019	$696,503	$910,036	$9,863,810	$-213,533
2018	$587,386	$877,182	$10,341,364	$-289,796

Clearfield County Economic Development Corp