PORTAGE ECONOMIC DEVELOPMENT CORPORATION (EIN 311131825) - 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

1985

Legal Domicile

Principal Officer

ANDY MALETTA

Phone

2197629761

Tax Period

2024-01-01 to 2024-12-31

PORTAGE ECONOMIC DEVELOPMENT CORPORATION, founded in 1985, is a small nonprofit that reported $127K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PEDCO SERVES AS A MARKETER/PROMOTER FOR PORTAGE, INDIANA TO OUTSIDE BUSINESSES AND AS A PARTNER IN STRENGTHENING EXISTING BUSINESSES. THROUGH INVESTMENTS FROM COMMUNITY BUSINESSES AND THE CITY OF PORTAGE, PEDCO'S MISSION IS TO ATTRACT NEW BUSINESSES AND ENHANCE THE QUALITY OF LIFE

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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 $120,050

Program Service Revenue $0

Investment Income $3,757

Other Revenue $2,781

TOTAL REVENUE $126,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,174

Fundraising Expenses $0

Program Expenses $114,090

Other Expenses $18,960

TOTAL EXPENSES $124,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,588	$111,868	+0.1%
Expenses	$124,134	$122,609	+0.0%
Net Income	$2,454	$-10,741	-1.2%

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

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

$97,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY MALETTA	EXECUTIVE DI	50.00	Director	$97,700	$0	$97,700
CINDY ADMAVE	SECRETARY	N/A	Director	$0	$0	$0
BRANDIE BELSTRA	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
DAN BOTICH	BOARD MEMBER	N/A	Director	$0	$0	$0
KEVIN COMERFORD	BOARD MEMBER	N/A	Director	$0	$0	$0
MATT HARRIS	TREASURER	N/A	Director	$0	$0	$0
RYAN KELLY	BOARD MEMBER	N/A	Director	$0	$0	$0
LISA KIGER	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRISTINE LIVINGSTON	BOARD MEMBER	N/A	Director	$0	$0	$0
JUSTIN MOUNT	PRESIDENT	N/A	Director	$0	$0	$0
RALPH MUNDT	BOARD MEMBER	N/A	Director	$0	$0	$0
DERRICK NAEGLER	BOARD MEMBER	N/A	Director	$0	$0	$0
BRYCE PICKERING	BOARD MEMBER	N/A	Director	$0	$0	$0
BILL RATHJEN	VICE PRESIDE	N/A	Director	$0	$0	$0
TONY SHIELDS	BOARD MEMBER	N/A	Director	$0	$0	$0
ACO SIKOSKI	BOARD MEMBER	N/A	Director	$0	$0	$0
DR MICHAEL STEPHENS	BOARD MEMBER	N/A	Director	$0	$0	$0
RAEANN TRAKAS	BOARD MEMBER	N/A	Director	$0	$0	$0
ALAN WHIPPS	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2024	$126,588	$124,134	$124,437	$2,454
2023	$111,868	$122,609	$121,983	$-10,741
2022	$120,477	$115,105	$132,724	$5,372
2021	$107,229	$93,445	$127,352	$13,784

PORTAGE ECONOMIC DEVELOPMENT CORPORATION