ERIE COUNTY ECONOMIC DEVELOPMENT CO INC

EIN: 341530226

SANDUSKY, OH

Total Revenue
$32,019
Total Expenses
$73,070
Total Assets
N/A
Net Assets
N/A
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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
1986
Legal Domicile
OH
Principal Officer
ABBEY BEMIS
Phone
4196277791
Tax Period
2018-01-01 to 2018-05-31

ERIE COUNTY ECONOMIC DEVELOPMENT CO INC, founded in 1986, is a micro nonprofit that reported $32K in total revenue in fiscal year 2018. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 128% operating deficit.

Mission

TO CHAMPION REGIONAL COLLABORATION, SHARING OF RESOURCES AND IDEAS, AND THE CREATION OF A SUSTAINABLE ECONOMIC DEVELOPMENT PLATFORM FOR ERIE COUNTY TO RETAIN, GROW, AND ATTRACT INVESTMENTS.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $31,016
Program Service Revenue $970
Investment Income $18
Other Revenue $15
TOTAL REVENUE $32,019

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,703
Fundraising Expenses $0
Program Expenses $60,796
Other Expenses $27,367
TOTAL EXPENSES $73,070

Year-over-Year Comparison

2018 2017 Change
Revenue $32,019 $205,990 -0.8%
Expenses $73,070 $215,305 -0.7%
Net Income $-41,051 $-9,315 +3.4%
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

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Governance

Voting Members
20
Independent Members
20
Employees
5
Volunteers
20

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
$75,356
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY BOYLE BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY HETCHER BOARD MEMBER 1.00
Director
$0 $0 $0
JIM FORTHOFER BOARD MEMBER 1.00
Director
$0 $0 $0
DAN FREDERICK BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN HARR BOARD MEMBER 1.00
Director
$0 $0 $0
MARY JANE HILL BOARD MEMBER 1.00
Director
$0 $0 $0
TED KASTOR PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDREW KURTZ BOARD MEMBER 1.00
Director
$0 $0 $0
MATT LASKO BOARD MEMBER 1.00
Director
$0 $0 $0
JASON MCCLURE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK SHENIGO BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL MONCHER TREASURER 1.00
Officer Director
$0 $0 $0
GARY MORTUS SECRETARY 1.00
Officer Director
$0 $0 $0
RON WAITE BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN SHANLE BOARD MEMBER 1.00
Director
$0 $0 $0
STUART WELLS BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
MARC AHLBORG BOARD MEMBER 1.00
Director
$0 $0 $0
ABBEY BEMIS EXECUTIVE DI 40.00
Officer
$68,000 $7,356 $75,356
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
2018 $32,019 $73,070 No data $-41,051
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