KINGSTON, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROVIDE AN ICE SKATING FACILITY FOR THE YOUTH OF WILKES-BARRE AND SURROUNDING COMMUNITIES FOR RECREATION AND TO PROVIDE A FACILITY THAT SERVES TO PROMOTE YOUTH AND ADULT HOCKEY AND INTERSCHOLASTIC HOCKEY. THE ORGANIZATION'S PURPOSE IS TO PROMOTE THE HEALTH AND SOCIAL WELFARE OF THE COMMUNITY AND TO LESSEN THE BURDEN OF GOVERNMENT BY AND EXPANDING ACCESS TO PUBLIC RECREATIONAL AMENITIES AND PROGRAMS THAT SHALL BE AVAILABLE TO THE GENERAL PUBLIC WITHOUT REGARD TO RACE, CREED, COLOR OR RELIGION AND TO DO SUCH THINGS AS ARE NECESSARY TO THESE PURPOSES AS WELL AS ANY LAWFUL PURPOSE OR PURPOSES FOR WHICH CORPORATIONS MAY BE INCORPORATED UNDER THE NONPROFIT CORPORATION LAW OF 1988 AS AMENDED.
THE CORPORATION PROVIDED ICE TIME FOR YOUTH HOCKEY LEAGUES AND RECREATIONAL ICE SKATING TO LOW INCOME CHILDREN IN THE AREA. THE CORPORATION ALSO FURNISHED ICE TIME FOR SCHOLASTIC HOCKEY. THE...
THE CORPORATION PROVIDED ICE TIME FOR YOUTH HOCKEY LEAGUES AND RECREATIONAL ICE SKATING TO LOW INCOME CHILDREN IN THE AREA. THE CORPORATION ALSO FURNISHED ICE TIME FOR SCHOLASTIC HOCKEY. THE CORPORATION SPONSORED HOCKEY CLINICS FOR THE BENEFIT OF CHILDREN IN NORTHEASTERN PENNSYLVANIA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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