Downtown Bedford Inc (EIN 251893465) - 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

2002

Legal Domicile

Principal Officer

Sherri Growden

Phone

8146230048

Tax Period

2023-01-01 to 2023-12-31

Downtown Bedford Inc, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $147K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $127K left a modest 13% surplus.

Mission

Promote business and activities in the business district of Bedford, PA.

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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 $52,731

Program Service Revenue $29,875

Investment Income $6,654

Other Revenue $57,766

TOTAL REVENUE $147,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,891

Fundraising Expenses $0

Program Expenses $121,148

Other Expenses $107,444

TOTAL EXPENSES $127,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,026	$177,192	-0.2%
Expenses	$127,335	$154,891	-0.2%
Net Income	$19,691	$22,301	-0.1%

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

115

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
Vicki Foor	Chairman	4.00	Officer	$0	$0	$0
Shaun Styer	Vice Chair	4.00	Officer	$0	$0	$0
Katie Fink	Secretary	4.00	Officer	$0	$0	$0
Sherri Growden	Treasurer	4.00	Officer	$0	$0	$0
Shelley Wertz	Board	1.00	Director	$0	$0	$0
Joe Black	Board	1.00	Director	$0	$0	$0
Allen Harr	Board	1.00	Director	$0	$0	$0
Michael Meehan	Board	1.00	Director	$0	$0	$0
Brian Jeffries	Board	1.00	Director	$0	$0	$0
Victoria Black	Board	1.00	Director	$0	$0	$0
Jennifer Carter	Board	1.00	Director	$0	$0	$0
Jennifer Blymier	Board	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
2024	No data	No data	No data	No data
2023	$147,026	$127,335	$207,106	$19,691
2022	$177,192	$154,891	$194,070	$22,301
2021	$201,914	$136,488	$170,081	$65,426
2020	$143,684	$112,168	$103,123	$31,516
2019	$166,895	$160,466	$69,718	$6,429
2018	$234,969	$249,244	$78,251	$-14,275

Downtown Bedford Inc