ALTOONA ECONOMIC DEVELOPMENT CORPORATION (EIN 261460205) - 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

DEAN O'CONNOR

Phone

5159675136

Tax Period

2024-10-01 to 2025-09-30

ALTOONA ECONOMIC DEVELOPMENT CORPORATION, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $770K in total revenue in fiscal year 2024.

Mission

PROMOTE ECONOMIC DEVELOPMENT/CHARITABLE/EDUCATIONAL PURPOSES.

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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 $717,500

Program Service Revenue $0

Investment Income $269

Other Revenue $-1,487,559

TOTAL REVENUE $-769,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $115,690

Other Expenses $115,690

TOTAL EXPENSES $115,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-769,790	$-987,926	-0.2%
Expenses	$115,690	$190,514	-0.4%
Net Income	$-885,480	$-1,178,440	-0.2%

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
DEAN O'CONNOR	PRESIDENT/VP	1.00	Officer Director	$0	$0	$0
MARY SIMON	SECRETARY/TREAS	1.00	Officer Director	$0	$0	$0
TIMOTHY FORBES	DIRECTOR	1.00	Director	$0	$0	$0
WARD SCHNIEDER	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
2025	$-769,790	$115,690	$23,485,067	$-885,480
2024	$-987,926	$190,514	$24,370,720	$-1,178,440
2023	$-642,447	$219,516	$25,424,039	$-861,963
2022	$-890,450	$108,935	$26,305,999	$-999,385
2021	$-825,047	$197,519	$27,300,898	$-1,022,566
2020	$-420,683	$313,196	$28,329,862	$-733,879
2019	$-936,154	No data	$29,018,041	No data

ALTOONA ECONOMIC DEVELOPMENT CORPORATION