BERWYN DEVELOPMENT CORPORATION (EIN 363301829) - 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

1988

Legal Domicile

Principal Officer

DAVID HULSEBERG

Phone

7087888100

Tax Period

2024-01-01 to 2024-12-31

BERWYN DEVELOPMENT CORPORATION, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

DEVELOP AND PROMOTE THE CITY OF BERWYN THROUGH RENOVATION PROJECTS, EVENTS AND PROMOTIONS

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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 $608,497

Program Service Revenue $1,381,672

Investment Income $89,646

Other Revenue $-339,362

TOTAL REVENUE $1,740,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,128,679

Fundraising Expenses $0

Program Expenses $1,225,243

Other Expenses $779,370

TOTAL EXPENSES $1,908,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,740,453	$1,988,768	-0.1%
Expenses	$1,908,049	$2,014,503	-0.1%
Net Income	$-167,596	$-25,735	+5.5%

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

150

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

$199,595

Total Directors

$199,595

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HULSEBERG	Executive Dir.	40.00	Officer Director	$199,595	$0	$199,595
JAMIE REVELL	President	0.00	Officer Director	$0	$0	$0
DIANE SALEMI	PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
RICHARD MONDRAGON	Vice President	0.00	Officer Director	$0	$0	$0
JUAN AGUSTIN FLEITAS	Treasurer	0.00	Officer Director	$0	$0	$0
ANTHONY BELCASTER	Secretary	0.00	Officer Director	$0	$0	$0
ALMA AVILES	Director	0.00	Director	$0	$0	$0
MARIO MANFREDINI	Director	0.00	Director	$0	$0	$0
WILLIAM NOORLAG	Director	0.00	Director	$0	$0	$0
PAUL MACCHIONE	Director	0.00	Director	$0	$0	$0
PIERRE MONICE	Director	0.00	Director	$0	$0	$0
SAL PLASCENCIA	Director	0.00	Director	$0	$0	$0
EDDIE WILKOWSKI	Director	0.00	Director	$0	$0	$0
JAZMIN SANDOVAL	Director	0.00	Director	$0	$0	$0
FABIOLA AVITIA	Vice President	0.00	Officer	$0	$0	$0
GIA MARIE BENLINE	Director	0.00	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	$1,740,453	$1,908,049	$2,929,632	$-167,596
2023	$1,988,768	$2,014,503	$2,880,863	$-25,735
2022	$1,786,497	$1,506,035	$3,585,733	$280,462
2021	$1,483,159	$1,333,413	$3,523,418	$149,746
2020	$1,458,809	$1,193,702	$3,592,312	$265,107
2019	$1,194,198	$1,434,839	$2,619,567	$-240,641
2018	$1,379,585	$1,245,264	$3,255,461	$134,321

BERWYN DEVELOPMENT CORPORATION