ONTARIO COUNTY ECONOMIC DEVELOPMENT CORP (EIN 271727452) - 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

2010

Legal Domicile

Principal Officer

RYAN DAVIS

Phone

5853964460

Tax Period

2024-01-01 to 2024-12-31

ONTARIO COUNTY ECONOMIC DEVELOPMENT CORP, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $200K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $85K, a strong 42% operating margin.

Mission

RELIEVE AND REDUCE UNEMPLOYMENT, TO BETTER & MAINTAIN JOB OPPORTUNITIES, PROMOTE & PROVIDE FOR ADDITIONAL EMPLOYMENT, TO HELP INCREASE THE TAX BASE OF ONTARIO COUNTY THROUGH THE ATTRACTION OF PRIVATE SECTOR INVESTMENT, AND TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN PUBLIC INTEREST.

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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 $105,863

Investment Income $93,842

Other Revenue $0

TOTAL REVENUE $199,705

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,637

Other Expenses $75,020

TOTAL EXPENSES $115,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,705	$627,063	-0.7%
Expenses	$115,020	$527,482	-0.8%
Net Income	$84,685	$99,581	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN PARKHURST	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT SOLLENNE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
KEVIN HILL	TREASURER	5.00	Officer Director	$0	$0	$0
FRED LIGHTFOOTE	DIRECTOR	2.00	Director	$0	$0	$0
WALTER MATYJAS	DIRECTOR	2.00	Director	$0	$0	$0
FRED WILLIE	DIRECTOR	2.00	Director	$0	$0	$0
ERICA WRIGHT	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
DAVID LINGER	DIRECTOR	2.00	Director	$0	$0	$0
PETER INGALSBE	DIRECTOR	2.00	Director	$0	$0	$0
LYNN FREID	DIRECTOR	2.00	Director	$0	$0	$0
CARLA SIELING	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL WOJCIK	CFO	10.00	Officer	$0	$0	$0
RYAN DAVIS	EXECUTIVE DIRECTOR	10.00	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	$199,705	$115,020	$5,016,662	$84,685
2023	$627,063	$527,482	$4,938,251	$99,581
2022	$1,043,595	$1,139,634	$4,828,755	$-96,039
2021	$883,423	$201,399	$4,923,605	$682,024
2020	$370,592	$634,896	$4,987,946	$-264,304
2019	$230,597	$245,512	$4,917,199	$-14,915
2018	$161,709	$198,210	$4,262,461	$-36,501

ONTARIO COUNTY ECONOMIC DEVELOPMENT CORP