ARDEN LOCAL DEVELOPMENT CORPORATION C/O J ANESI ORMC (EIN 261190656) - 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

2007

Legal Domicile

Principal Officer

JOSEPH M ANESI

Phone

8455655400

Tax Period

2023-01-01 to 2023-03-31

Mission

FACILITATES THE CHARITABLE AND PUBLIC PURPOSES FOR WHICH THE CORPORATION WAS FORMED BY AIDING AND SUPPORTING A REGIONAL MEDICAL CENTER PROJECT AND UNDERTAKING WITHIN THE COMMUNITY OF ORANGE COUNTY, NEW YORK, AND SERVES TO ATTRACT AND ENCOURAGE THE DEVELOPMENT OF BUSINESS AND INDUSTRY IN THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $61,660

TOTAL EXPENSES $161,660

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$1,200	-1.0%
Expenses	$161,660	$4,923,107	-1.0%
Net Income	N/A	$-4,921,907	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	Role	Reportable Comp	Other Comp	Total
JOSEPH M ANESI	PRESIDENT	Officer Director	$0	$0	$0
JAMES GRIGG	TREASURER & CFO	Officer Director	$0	$0	$0
GERARD DUNLAVEY	SECRETARY & DIRECTOR	Director	$0	$0	$0
RICHARD ROWLEY	DIRECTOR	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
2023	No data	$161,660	No data	No data
2022	$1,200	$4,923,107	$161,910	$-4,921,907
2021	$416,959	$467,867	$5,083,817	$-50,908
2020	$499,511	$664,357	$5,134,725	$-164,846
2019	$499,511	$664,357	$5,299,571	$-164,846
2018	$499,511	$664,357	$5,464,417	$-164,846

ARDEN LOCAL DEVELOPMENT CORPORATION C/O J ANESI ORMC