JEFFERSON COUNTY LOCAL DEVELOPMENT CORPORATION

EIN: 371588512 501(c)(3) Community Improvement

WATERTOWN, NY

Total Revenue
$605,169
Total Expenses
$1,133,971
Total Assets
$3,613,822
Net Assets
$2,838,962
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
MARSHALL WEIR
Phone
3157825865
Tax Period
2025-01-01 to 2025-12-31

JEFFERSON COUNTY LOCAL DEVELOPMENT CORPORATION, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $605K in total revenue in fiscal year 2025. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 87% operating deficit.

Mission

TO ADVANCE THE JOB OPPORTUNITIES, HEALTH, GENERAL PROSPERITY AND ECONOMIC WELFARE OF THE PEOPLE OF THE COUNTY

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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 (2025)

Revenue Breakdown

Contributions & Grants $589,722
Program Service Revenue $12,232
Investment Income $3,215
Other Revenue $0
TOTAL REVENUE $605,169

Expense Breakdown

Grants Paid $111,722
Salaries & Benefits $702,904
Fundraising Expenses $0
Program Expenses $798,778
Other Expenses $319,345
TOTAL EXPENSES $1,133,971

Year-over-Year Comparison

2025 2024 Change
Revenue $605,169 $2,554,928 -0.8%
Expenses $1,133,971 $2,178,195 -0.5%
Net Income $-528,802 $376,733 -2.4%
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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Governance

Voting Members
11
Independent Members
11
Employees
6
Volunteers
N/A

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
8
$451,848
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
DAVID J CONVERSE DIRECTOR 1.00
Director
$0 $0 $0
GREGORY GARDNER SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN J CONDINO DIRECTOR 1.00
Director
$0 $0 $0
CHARLES CAPONE DIRECTOR 1.00
Director
$0 $0 $0
LISA L'HUILLIER DIRECTOR 1.00
Director
$0 $0 $0
PAUL WARNECK TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT AIKEN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ALIASSO JR CHAIRMAN 1.00
Officer Director
$0 $0 $0
W EDWARD WALLDROFF VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
WILLIAM W JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
MARSHALL WEIR CEO 40.00
Officer
$122,677 $51,643 $174,320
LYLE EATON CFO - THROUGH 12/31/25 40.00
Officer
$89,886 $13,750 $103,636
DORENA L KIMBALL CFO - EFFEC 1/1/26 40.00
Officer
$14,951 $0 $14,951
JAY MATTESON DEPUTY CEO 40.00
Officer
$108,559 $50,382 $158,941
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
2025 $605,169 $1,133,971 $3,613,822 $-528,802
2024 No data No data No data No data
2023 $1,769,039 $2,478,001 $5,283,049 $-708,962
2022 $1,546,169 $1,391,873 $5,612,112 $154,296
2022 $630,894 $635,225 $5,443,674 $-4,331
2021 $1,176,174 $985,486 $3,609,237 $190,688
2020 $1,160,745 $1,045,234 $3,430,162 $115,511
2019 $789,444 $1,206,684 $3,368,566 $-417,240
2018 $484,435 $979,944 $3,736,456 $-495,509
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