ERIE COUNTY ECONOMIC DEVELOPMENT CHARITABLE FUND (EIN 341590450) - 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

Legal Domicile

Principal Officer

ANDREW KURTZ

Phone

4196277791

Tax Period

2024-01-01 to 2024-12-31

ERIE COUNTY ECONOMIC DEVELOPMENT CHARITABLE FUND is a small nonprofit that reported $840K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $994K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO FACILITATE BOTH THE CREATION AND RETENTION OF JOBS WITHIN ERIE COUNTY AND INCREASE ECONOMIC OPPORTUNITIES FOR INDIVIDUALS AND BUSINESSES THROUGH COMPREHENSIVE ECONOMIC DEVELOPMENT PROGRAMS.

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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 $386,029

Program Service Revenue $16,041

Investment Income $1,965

Other Revenue $435,625

TOTAL REVENUE $839,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $466,445

Fundraising Expenses $0

Program Expenses $823,657

Other Expenses $527,253

TOTAL EXPENSES $993,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$839,660	$644,978	+0.3%
Expenses	$993,698	$641,361	+0.5%
Net Income	$-154,038	$3,617	-43.6%

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
KATE ALEXAKOS	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY BOYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY FLETCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM FORTHOFER	BOARD MEMBER	1.00	Director	$0	$0	$0
COLLEEN GILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY JANE HILL	SECRETARY	1.00	Officer Director	$0	$0	$0
TED KASTOR	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
PAUL KOCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN KRIDELBAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW KURTZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT LASKO	BOARD MEMBER	1.00	Director	$0	$0	$0
KULA HOTY LYNCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON MCCLURE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS MCCULLY	BOARD MEMBER	1.00	Director	$0	$0	$0
DUFF MILKIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN MONCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL MONCHER	TREASURER	1.00	Officer Director	$0	$0	$0
JEREMY NORMINGTON-SLAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
SPENCER PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICAH ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS SHAFFER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE SHOFFNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM SPICER	BOARD MEMBER	1.00	Director	$0	$0	$0
NAOMI TWINE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE WEISENBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART WELLS	VICE PRESIDE	1.00	Officer 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	$839,660	$993,698	$649,292	$-154,038
2023	$644,978	$641,361	$796,149	$3,617
2022	$777,827	$669,351	$883,382	$108,476
2021	$760,780	$522,037	$713,002	$238,743
2020	$646,838	$453,192	$476,431	$193,646
2019	$319,474	$329,957	$251,356	$-10,483
2018	$225,671	$146,160	$265,146	$79,511

ERIE COUNTY ECONOMIC DEVELOPMENT CHARITABLE FUND