COAL STREET REDEVELOPMENT INC (EIN 264692448) - 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

DANIEL MCCORMICK CPA

Phone

5708243543

Tax Period

2023-01-01 to 2023-12-31

COAL STREET REDEVELOPMENT INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $617K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 76% operating deficit.

Mission

PROVIDE AN ICE SKATING FACILITY FOR WILKES-BARRE & SURROUNDING COMMUNITIES YOUTH FOR RECREATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $770,295

Investment Income $0

Other Revenue $-153,420

TOTAL REVENUE $616,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,075,951

Other Expenses $1,085,550

TOTAL EXPENSES $1,085,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$616,875	$713,930	-0.1%
Expenses	$1,085,550	$922,077	+0.2%
Net Income	$-468,675	$-208,147	+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

N/A

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

$4,500

Total Directors

$4,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS EVANS	PRESIDENT	6.00	Officer Director	$0	$0	$0
THOMAS MCGRATH	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIEL MCCORMICK CPA	TREASURER	6.00	Officer Director	$4,500	$0	$4,500
JOHN CAVANAUGH	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN PANZITTA	RECREATION SECRETARY	2.00	Officer 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	No data	No data	No data	No data
2023	$616,875	$1,085,550	$8,532,573	$-468,675
2022	$713,930	$922,077	$8,418,741	$-208,147
2021	$645,562	$951,027	$8,443,890	$-305,465
2020	$922,508	$920,206	$8,900,171	$2,302
2019	$910,169	$1,091,733	$9,092,204	$-181,564
2018	$1,021,430	$1,187,084	$9,313,068	$-165,654

COAL STREET REDEVELOPMENT INC