SOMERSET COUNTY ECONOMIC DEVELOPMEN COUNCIL (EIN 256010909) - 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

1957

Legal Domicile

Principal Officer

CASSIE MOON

Phone

8144459655

Tax Period

2024-01-01 to 2024-12-31

Mission

THE ORGANIZATION WAS CREATED FOR THE ECONOMIC DEVELOPMENT OF SOMERSET COUNTY, PENNSYLVANIA, WITH IT'S MISSION TO PROMOTE INDUSTRIAL, COMMERCIAL AND RETAIL GROWTH IN THE COUNTY BY RECRUITING AND ASSISTING NEW FIRMS TO LOCATE IN THE COUNTY, WHILE HELPING EXISTING COMPANIES TO RETAIN OR EXPAND EMPLOYMENT.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,945

TOTAL EXPENSES $5,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$-1,541,086	-1.0%
Expenses	$5,945	$227,765	-1.0%
Net Income	N/A	$-1,768,851	N/A

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

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
KATHY BERKEBILE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
STEVEN BUNCICH	SEC/TREAS	N/A	Officer Director	$0	$0	$0
CHRIS BURTNER	DIRECTOR	N/A	Director	$0	$0	$0
J C DANHIRES	DIRECTOR	N/A	Director	$0	$0	$0
COLLEEN DAWSON	DIRECTOR	N/A	Director	$0	$0	$0
BRANDON HILLEGAS	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY HOOVER	DIRECTOR	N/A	Director	$0	$0	$0
NED KENDALL	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW LIVINGOOD	DIRECTOR	N/A	Director	$0	$0	$0
CASSIE MOON	PRESIDENT	N/A	Officer Director	$0	$0	$0
RUSTON OGBURN	DIRECTOR	N/A	Director	$0	$0	$0
PAMELA TOKAR-ICKES	DIRECTOR	N/A	Director	$0	$0	$0
GERALD WALKER	DIRECTOR	N/A	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	$5,945	$144,130	No data
2023	$-1,541,086	$227,765	$150,032	$-1,768,851
2022	$74,120	$24,776	$1,922,592	$49,344
2021	$93,709	$68,650	$1,874,127	$25,059
2020	$157,341	$167,887	$1,877,290	$-10,546
2019	$128,100	$151,039	$1,900,689	$-22,939
2018	$285,266	$295,271	$1,941,473	$-10,005

SOMERSET COUNTY ECONOMIC DEVELOPMEN COUNCIL