CHAMBERSBURG AREA DEVELOPMENT CORPORATION (EIN 256063943) - 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

1960

Legal Domicile

Principal Officer

WILLIAM EVERLY JR

Phone

7172647101

Tax Period

2023-01-01 to 2023-12-31

CHAMBERSBURG AREA DEVELOPMENT CORPORATION, founded in 1960, is a small nonprofit that reported $888K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $426K, a strong 48% operating margin.

Mission

FACILITATE ECONOMIC DEVELOPMENT IN THE CHAMBERSBURG AREA

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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 $0

Program Service Revenue $19,211

Investment Income $460,134

Other Revenue $408,709

TOTAL REVENUE $888,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $251,753

Other Expenses $461,814

TOTAL EXPENSES $461,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$888,054	$3,203,154	-0.7%
Expenses	$461,814	$428,729	+0.1%
Net Income	$426,240	$2,774,425	-0.8%

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
ANDY BARNES	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOSH BLANKENSHIP	DIRECTOR	0.50	Director	$0	$0	$0
RAY CULLEN	DIRECTOR	0.50	Director	$0	$0	$0
ERIC FOREMAN	DIRECTOR	0.50	Director	$0	$0	$0
TROY GARMAN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID GRANT	DIRECTOR	0.50	Director	$0	$0	$0
TIM HENRY	ASST TRES	2.00	Officer Director	$0	$0	$0
JIM HILL	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM EVERLY JR	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE KALATHAS	DIRECTOR	0.50	Director	$0	$0	$0
LANCE KEGERREIS	DIRECTOR	0.50	Director	$0	$0	$0
LUKE MARTIN	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN MASSIMILLA	DIRECTOR	0.50	Director	$0	$0	$0
JOE MCDOWELL	DIRECTOR	0.50	Director	$0	$0	$0
GREG MEYERS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN NICKLAS	DIRECTOR	0.50	Director	$0	$0	$0
TANYA NITTERHOUSE	DIRECTOR	0.50	Director	$0	$0	$0
TONY PANANES	DIRECTOR	0.50	Director	$0	$0	$0
CHAD ROSENBERRY	DIRECTOR	0.50	Director	$0	$0	$0
MATT RUNYON	DIRECTOR	0.50	Director	$0	$0	$0
JACK SHARPE	SECRETARY	2.00	Officer Director	$0	$0	$0
BRANDON STOUFFER	DIRECTOR	0.50	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	$888,054	$461,814	$26,310,426	$426,240
2022	$3,203,154	$428,729	$18,940,526	$2,774,425
2021	$915,984	$395,127	$16,114,179	$520,857
2019	$1,658,203	$476,313	$15,988,272	$1,181,890
2018	$1,026,543	$569,343	$21,586,272	$457,200

CHAMBERSBURG AREA DEVELOPMENT CORPORATION