WILKESBARRE, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROMOTE THE ECONOMIC EXPANSION AND OVERALL CIVIC BETTERMENT OF THE GREATER WILKES-BARRE AREA.
PROPERTY HELD BY THE ORGANIZATION, AND THE RELATED LIABILITIES, ARE TO BE USED FOR FUTURE DEVELOPMENT OR SALE. AT DECEMBER 31, 2023, LAND, BUILDINGS AND EQUIPMENT HAVE A BASIS OF $78,823; AND...
PROPERTY HELD BY THE ORGANIZATION, AND THE RELATED LIABILITIES, ARE TO BE USED FOR FUTURE DEVELOPMENT OR SALE. AT DECEMBER 31, 2023, LAND, BUILDINGS AND EQUIPMENT HAVE A BASIS OF $78,823; AND ACCUMULATED DEPRECIATION OF $29,147. THE ORGANIZATION ENCOURAGES GROWTH AND DEVELOPMENT IN THE GREATER WILKES-BARRE AREA AND WILL CONTINUE TO SEARCH FOR NEW PROJECTS AND SOURCES OF FUNDING FROM FEDERAL, STATE, AND LOCAL ECONOMIC DEVELOPMENT PROGRAMS IN ORDER TO KEEP ENCOURAGING THIS GROWTH AND DEVELOPMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare THE GREATER WILKES-BARRE DEVELOPMENT CORPORATION with other nonprofits in Pennsylvania and across the country.