THE GREATER WILKES-BARRE DEVELOPMENT CORPORATION

EIN: 371440334 Community Improvement

WILKESBARRE, PA

Total Revenue
$164,418
Total Expenses
$116,631
Total Assets
$1,214,398
Net Assets
$749,367
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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
2002
Legal Domicile
PA
Principal Officer
LINDSAY GRIFFIN
Phone
5708232101
Tax Period
2023-01-01 to 2023-12-31

THE GREATER WILKES-BARRE DEVELOPMENT CORPORATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $164K in total revenue in fiscal year 2023. The organization ran a surplus of $48K, a strong 29% operating margin.

Mission

PROMOTE THE ECONOMIC EXPANSION AND OVERALL CIVIC BETTERMENT OF THE GREATER WILKES-BARRE AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $83,728
Other Revenue $80,690
TOTAL REVENUE $164,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,574
Fundraising Expenses $0
Program Expenses $99,163
Other Expenses $113,057
TOTAL EXPENSES $116,631

Year-over-Year Comparison

2023 2022 Change
Revenue $164,418 $-29,945 -6.5%
Expenses $116,631 $204,374 -0.4%
Net Income $47,787 $-234,319 -1.2%
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
10
Independent Members
10
Employees
N/A
Volunteers
12

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
6
$234,679
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TARA MUGFORD-WILSON BOARD CHAIR 0.40
Officer Director
$0 $0 $0
JEFFREY STINE BOARD VICE CHAIR 0.40
Officer Director
$0 $0 $0
THOMAS MAKOWSKI SECRETARY 0.40
Officer Director
$0 $0 $0
LARS ANDERSON TREASURER 0.40
Officer Director
$0 $0 $0
JOSEPH KLUGER BOARD MEMBER 0.40
Director
$0 $0 $0
MARK SOBECK BOARD MEMBER 0.40
Director
$0 $0 $0
TROY STANDISH BOARD MEMBER 0.40
Director
$0 $0 $0
SHARON LEHMAN BOARD MEMBER 0.40
Director
$0 $0 $0
CHARLIE BURLEW BOARD MEMBER 0.40
Director
$0 $0 $0
KIRA KINSMAN BOARD MEMBER 0.40
Director
$0 $0 $0
LAWRENCE NEWMAN EX-OFFICIO (NON-VOTING) 0.40
Director
$0 $0 $0
CARL WITKOWSKI EX-OFFICIO (NON-VOTING) 0.40
Director
$0 $0 $0
LINDSAY GRIFFIN PRESIDENT/CEO 7.50
Officer
$0 $11,124 $152,131
MATTHEW BICKERT CHIEF FINANCIAL OFFICER 7.50
Officer
$0 $15,262 $82,548
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 $164,418 $116,631 $1,214,398 $47,787
2022 $-29,945 $204,374 $1,171,401 $-234,319
2021 $665,870 $316,913 $1,314,642 $348,957
2020 $120,951 $295,224 $844,590 $-174,273
2019 $311,457 $469,581 $1,175,538 $-158,124
2018 $3,596,563 $526,930 $1,415,342 $3,069,633
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