LEBANON VALLEY ECONOMIC DEVELOPMENT CORPORATION

EIN: 251874441 501(c)(3) Community Improvement

LEBANON, PA

Total Revenue
$6,272,111
Total Expenses
$356,037
Total Assets
$13,919,076
Net Assets
$13,907,401
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
PA
Principal Officer
SUSAN EBERLY
Phone
7172743180
Tax Period
2024-07-01 to 2025-06-30

LEBANON VALLEY ECONOMIC DEVELOPMENT CORPORATION, founded in 1957, is a community nonprofit in the Community Improvement sector that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 227% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 94% operating margin.

Mission

STUDY OF ECONOMIC DEVELOPMENT, SITE IDENTIFICATION AND DEVELOPMENT, AND REVITALIZE LOCAL BUSINESS SECTOR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $72,276
Program Service Revenue $164,920
Investment Income $149,341
Other Revenue $5,885,574
TOTAL REVENUE $6,272,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $239,950
Fundraising Expenses $19,184
Program Expenses $264,288
Other Expenses $116,087
TOTAL EXPENSES $356,037

Year-over-Year Comparison

2024 2023 Change
Revenue $6,272,111 $1,920,152 +2.3%
Expenses $356,037 $394,365 -0.1%
Net Income $5,916,074 $1,525,787 +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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
4
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
4
$153,071
Total Directors
16
$153,071
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN EBERLY PRESIDENT 1.00
Officer Director
$133,125 $19,946 $153,071
MICHAEL BATTISTELLI CHAIRMAN 1.00
Officer Director
$0 $0 $0
LARRY D BOWMAN DIRECTOR 1.00
Director
$0 $0 $0
ERIC LONG SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
EDWIN KERCHER DIRECTOR 1.00
Director
$0 $0 $0
LEON ZIMMERMAN DIRECTOR 1.00
Director
$0 $0 $0
JULIA VINCENTE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FUNK DIRECTOR 1.00
Director
$0 $0 $0
FRANK KOCHER DIRECTOR 1.00
Director
$0 $0 $0
MARK CHAMBERLAIN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SHOTT DIRECTOR 1.00
Director
$0 $0 $0
PATRICK JUDD DIRECTOR 1.00
Director
$0 $0 $0
PAUL LUNDBERG DIRECTOR 1.00
Director
$0 $0 $0
RAFAEL TORRES DIRECTOR 1.00
Director
$0 $0 $0
JOE MALDA V CHAIRMAN 1.00
Officer Director
$0 $0 $0
RICHARD SCOTT DIRECTOR 1.00
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 $6,272,111 $356,037 $13,919,076 $5,916,074
2024 $1,920,152 $394,365 $8,008,180 $1,525,787
2023 $236,516 $292,209 $6,833,679 $-55,693
2022 $419,353 $311,912 $6,705,296 $107,441
2021 $971,398 $334,643 $6,906,262 $636,755
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