Clearfield Revitalization Corporation

EIN: 263109380 501(c)(3) Community Improvement

Clearfield, PA

Total Revenue
$104,000
Total Expenses
$98,053
Total Assets
$633,036
Net Assets
$630,755
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
PA
Principal Officer
Maria Lemmo
Phone
8147656000
Tax Period
2024-07-01 to 2025-06-30

Clearfield Revitalization Corporation, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $104K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $98K left a modest 6% surplus.

Mission

The purpose of the Clearfield Revitalization Corporation includes, but is not limited to: promoting the historic preservation, protection, and use of the traditional downtown area of Clearfield, PA, and surrounding neighborhoods; helping to eliminate the deterioration or such areas, working to enhance the quality of life of such areas; and aiding, assisting and working with entities that share a similar purpose.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,085
Program Service Revenue $0
Investment Income $40,651
Other Revenue $23,264
TOTAL REVENUE $104,000

Expense Breakdown

Grants Paid $1,375
Salaries & Benefits $45,369
Fundraising Expenses $9,490
Program Expenses $77,319
Other Expenses $51,309
TOTAL EXPENSES $98,053

Year-over-Year Comparison

2024 2023 Change
Revenue $104,000 $72,054 +0.4%
Expenses $98,053 $74,497 +0.3%
Net Income $5,947 $-2,443 -3.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
30

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terri Davis Vice President 1.00
Officer Director
$0 $0 $0
Maria Lemmo President 1.00
Officer Director
$0 $0 $0
Charles Bungo II Director 1.00
Director
$0 $0 $0
Brandy Owens Director 1.00
Director
$0 $0 $0
Susan Duttry Secretary 1.00
Officer Director
$0 $0 $0
Eric White Director 1.00
Director
$0 $0 $0
Madison McDonald Director 1.00
Director
$0 $0 $0
Jarret Forcey Director 1.00
Director
$0 $0 $0
John Troxell Treasurer 1.00
Officer Director
$0 $0 $0
Mark Bodle Director 1.00
Director
$0 $0 $0
Dottie Spera Director 1.00
Director
$0 $0 $0
Robert Maltais 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 $104,000 $98,053 $633,036 $5,947
2024 $72,054 $74,497 $623,639 $-2,443
2023 $50,944 $72,258 $599,285 $-21,314
2022 $72,245 $42,375 $599,256 $29,870
2021 $242,886 $91,880 $628,480 $151,006
2020 $61,216 $72,028 $434,332 $-10,812
2019 $65,485 $54,522 $428,960 $10,963
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