GENESEE GATEWAY LOCAL DEVELOPMENT CORPORATION (EIN 331101375) - 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

2004

Legal Domicile

Principal Officer

DONALD CUNNINGHAM

Phone

5853434866

Tax Period

2023-01-01 to 2023-12-31

GENESEE GATEWAY LOCAL DEVELOPMENT CORPORATION, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $970K, a strong 36% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT INITIATIVES IN GENESEE COUNTY.

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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 $1,617,660

Program Service Revenue $847,836

Investment Income $173,939

Other Revenue $20,915

TOTAL REVENUE $2,660,350

Expense Breakdown

Grants Paid $979,703

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,690,462

Other Expenses $710,759

TOTAL EXPENSES $1,690,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,660,350	$3,383,567	-0.2%
Expenses	$1,690,462	$2,676,199	-0.4%
Net Income	$969,888	$707,368	+0.4%

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

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
DONALD CUNNINGHAM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JONATHAN TRETTER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
SARAH NOBLE-MOAG	SECRETARY	2.00	Officer Director	$0	$0	$0
GREGG TORREY	TREASURER	2.00	Officer Director	$0	$0	$0
PAUL BATTAGLIA	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG YUNKER	DIRECTOR	2.00	Director	$0	$0	$0
PETER ZELIFF	DIRECTOR	2.00	Director	$0	$0	$0
MARIANNE CLATTENBURG	DIRECTOR	2.00	Director	$0	$0	$0
MARK BROOKS	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$2,660,350	$1,690,462	$18,814,801	$969,888
2022	$3,383,567	$2,676,199	$18,680,179	$707,368
2021	$1,105,058	$1,894,716	$15,171,865	$-789,658
2020	$2,039,725	$1,628,068	$16,191,095	$411,657
2019	$1,607,763	$1,039,294	$15,972,323	$568,469
2018	$2,159,683	$2,353,974	$16,369,389	$-194,291

GENESEE GATEWAY LOCAL DEVELOPMENT CORPORATION