WARWICK VALLEY LOCAL DEVELOPMENT CORP (EIN 263093066) - 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

2008

Legal Domicile

Principal Officer

ROBERT KRAHULIK

Phone

8459861156

Tax Period

2024-01-01 to 2024-12-31

WARWICK VALLEY LOCAL DEVELOPMENT CORP, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 2543% from the prior year, signaling strong growth momentum.

Mission

CREATING JOBS AND ECONOMIC DEVELOPMENT.

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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 $1,292,392

Other Revenue $182,922

TOTAL REVENUE $1,475,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,537,004

Other Expenses $1,560,442

TOTAL EXPENSES $1,560,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,475,314	$55,828	+25.4%
Expenses	$1,560,442	$482,767	+2.2%
Net Income	$-85,128	$-426,939	-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
MICHAEL SWEETON	VICE PRESIDENTS	1.00	Director	$0	$0	$0
MICHAEL NEWHARD	SECRETARY	1.00	Director	$0	$0	$0
LOU HEIMBACH	DIRECTOR	1.00	Director	$0	$0	$0
MARIE CORLETT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KRAHULIK	PRESIDENT	1.00	Officer	$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	$1,475,314	$1,560,442	$108,927	$-85,128
2023	$55,828	$482,767	$605,251	$-426,939
2022	$695,207	$511,968	$1,032,190	$183,239
2021	$5,651,378	$3,577,800	$848,951	$2,073,578
2020	$781,489	$632,673	$1,608,731	$148,816
2019	$182,565	$778,590	$1,921,446	$-596,025
2018	$473,034	$204,626	$1,633,900	$268,408

WARWICK VALLEY LOCAL DEVELOPMENT CORP