ROCHESTER AREA ECONOMIC DEVELOPMENT INC (EIN 363414363) - 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

1986

Legal Domicile

Principal Officer

JOHN WADE

Phone

5072880208

Tax Period

2023-01-01 to 2023-12-31

ROCHESTER AREA ECONOMIC DEVELOPMENT INC, founded in 1986, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $284K, a strong 17% operating margin.

Mission

RAEDI'S MISSION IS TO RETAIN BUSINESS, GROW BUSINESS, AND DIVERSIFY THE ECONOMY.

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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 $1,130,723

Program Service Revenue $359,786

Investment Income $143,770

Other Revenue $24,912

TOTAL REVENUE $1,659,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $969,385

Fundraising Expenses $0

Other Expenses $405,599

TOTAL EXPENSES $1,374,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,659,191	$925,215	+0.8%
Expenses	$1,374,984	$1,287,835	+0.1%
Net Income	$284,207	$-362,620	-1.8%

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

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

$198,452

Total Directors

$198,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BENIKE	DIRECTOR	2.00	Director	$0	$0	$0
JARET JONES	CHAIR	2.00	Officer Director	$0	$0	$0
MELISSA BRINKMAN	PAST CHAIR	2.00	Officer Director	$0	$0	$0
JOHN WADE	PRESIDENT	40.00	Officer Director	$169,950	$28,502	$198,452
JOHN BEATTY	DIRECTOR	2.00	Director	$0	$0	$0
ANGIE BOWMAN-MALLOY	DIRECTOR	2.00	Director	$0	$0	$0
JULIE HENRY	DIRECTOR	2.00	Director	$0	$0	$0
SAM SLIGHTAM	DIRECTOR	2.00	Director	$0	$0	$0
CHAD DECOOK	DIRECTOR	2.00	Director	$0	$0	$0
NORM DOTY	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE GUDLIN	DIRECTOR	2.00	Director	$0	$0	$0
JOYA STETSON	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH HOWARD	DIRECTOR	2.00	Director	$0	$0	$0
TIM MCCOLLOUGH	DIRECTOR	2.00	Director	$0	$0	$0
HEIDI WELSCH	DIRECTOR	2.00	Director	$0	$0	$0
ALISON ZELMS	DIRECTOR	2.00	Director	$0	$0	$0
JANNA MONOSMITH RESIGNED	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE PYFFEROEN	DIRECTOR	2.00	Director	$0	$0	$0
DIANNA ROBINSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PATRICK SEEB	DIRECTOR	2.00	Director	$0	$0	$0
ERIN SEXTON	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JOEL YOUNG	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	$1,659,191	$1,374,984	$4,653,364	$284,207
2022	$925,215	$1,287,835	$4,399,928	$-362,620
2021	$1,415,203	$686,550	$4,698,933	$728,653
2020	$1,467,356	$655,212	$3,969,050	$812,144
2019	$1,063,888	$928,964	$3,179,838	$134,924
2018	$1,631,516	$946,353	$3,048,829	$685,163

ROCHESTER AREA ECONOMIC DEVELOPMENT INC