ECONOMIC GROWTH CONNECTION OF WESTMORELAND (EIN 256076647) - 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

2000

Legal Domicile

Phone

7248303604

Tax Period

2024-01-01 to 2024-12-31

ECONOMIC GROWTH CONNECTION OF WESTMORELAND, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 547% from the prior year, signaling strong growth momentum. The organization ran a surplus of $276K, a strong 15% operating margin.

Mission

BUSINESS LEADERSHIP AND FINANCING - PROVIDE THE BUSINESS SECTOR LEADERSHIP TO DEVELOP BUSINESS OPPORTUNITIES AND FINANCING THAT CREATES AND RETAINS QUALITY JOBS IN WESTMORELAND COUNTY AND THE REGION. AS A LEADER, AND IN PARTNERSHIP WITH OTHERS,EGCW PROVIDES SUPPORT TO COUNTY COMPANIES TO HELP GROW & PROSPER.

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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 $1,350,605

Program Service Revenue $179,571

Investment Income $112,457

Other Revenue $189,147

TOTAL REVENUE $1,831,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $719,184

Fundraising Expenses $111,377

Program Expenses $1,219,095

Other Expenses $836,789

TOTAL EXPENSES $1,555,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,831,780	$283,209	+5.5%
Expenses	$1,555,973	$1,301,090	+0.2%
Net Income	$275,807	$-1,017,881	-1.3%

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

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

$291,167

Total Directors

Key Employees

$202,126

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES L SMITH	PRESIDENT/CEO	40.00	Officer Key Emp	$166,568	$35,558	$202,126
GEORGE APP	ACCOUNTANT	40.00	Officer	$68,414	$20,627	$89,041
MICHAEL PAULY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PETER COOPER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DR TUESDAY STANLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON RIGONE	TREASURER	2.00	Officer Director	$0	$0	$0
CHAD AMOND	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE CORNA	DIRECTOR	1.00	Director	$0	$0	$0
JASON CORNA	DIRECTOR	1.00	Director	$0	$0	$0
DR MARY FINGER	DIRECTOR	1.00	Director	$0	$0	$0
LISA FREDERICK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FRITZ	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT GREGERSON	DIRECTOR	1.00	Director	$0	$0	$0
CARL HELLER JR	DIRECTOR	1.00	Director	$0	$0	$0
AUDRA HIER	DIRECTOR	1.00	Director	$0	$0	$0
DR MATTHEW W JONES	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN KAIB	DIRECTOR	1.00	Director	$0	$0	$0
ED KILKEARY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN P KLINE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY KUKOVICH	DIRECTOR	1.00	Director	$0	$0	$0
RALPH LIBERATORE	DIRECTOR	1.00	Director	$0	$0	$0
JASON LUCIA	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT MAYFIELD	DIRECTOR	1.00	Director	$0	$0	$0
KYLE METSGER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MIELE	DIRECTOR	1.00	Director	$0	$0	$0
WALTER MOORHEAD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PEARCE	DIRECTOR	1.00	Director	$0	$0	$0
DR GENNARO PIRAINO JR	DIRECTOR	1.00	Director	$0	$0	$0
RANDY ROADMAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM SAMMARONE	DIRECTOR	1.00	Director	$0	$0	$0
D ROSS SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
MARK SMAIL	DIRECTOR	1.00	Director	$0	$0	$0
DR KEVIN SNIDER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT TARABEK	DIRECTOR	1.00	Director	$0	$0	$0
FR PAUL TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
STACEY WINFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH F WOLF	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
2024	$1,831,780	$1,555,973	$21,276,408	$275,807
2023	$283,209	$1,301,090	$20,324,181	$-1,017,881
2022	$3,019,666	$958,339	$20,902,241	$2,061,327
2021	$786,289	$857,113	$18,231,147	$-70,824
2020	$5,602,707	$999,676	$18,144,107	$4,603,031
2019	$1,427,184	$1,024,470	$13,868,220	$402,714
2018	$2,195,369	$694,821	$14,182,150	$1,500,548

ECONOMIC GROWTH CONNECTION OF WESTMORELAND