OGDENSBURG GROWTH FUND DEVELOPMENT CORP (EIN 383778273) - 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

1983

Legal Domicile

Principal Officer

ANDREA SMITH

Phone

3153937150

Tax Period

2019-01-01 to 2019-12-31

OGDENSBURG GROWTH FUND DEVELOPMENT CORP, founded in 1983, is a micro nonprofit that reported $23K in total revenue in fiscal year 2019. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 63% operating deficit.

Mission

TO ENHANCE THE QUALITY OF LIFE IN OGDENSBURG BY FOSTERING COOPERATION BETWEEN CITY GOVERNMENT, ECONOMIC DEVELOPMENT AGENCIES AND THE PRIVATE SECTOR TO STRENGTHEN BUSINESSES AND CREATE ECONOMIC, HOUSING, AND CAREER DEVELOPMENT OPPORTUNITIES FOR AREA RESIDENTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,665

Investment Income $224

Other Revenue $0

TOTAL REVENUE $22,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,710

Other Expenses $37,349

TOTAL EXPENSES $37,349

Year-over-Year Comparison

	2019	2018	Change
Revenue	$22,889	$223,560	-0.9%
Expenses	$37,349	$30,239	+0.2%
Net Income	$-14,460	$193,321	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WRIGHT	CHAIRMAN	0.50	Officer Director	$0	$0	$0
DALLAS SUTTON	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL BRASHAW	TREASURER	0.50	Officer Director	$0	$0	$0
MICHAEL TOOLEY	DIRECTOR	0.50	Director	$0	$0	$0
SAMUEL LAMACCHIA	DIRECTOR	0.50	Director	$0	$0	$0
KIM DEMERS	DIRECTOR	0.50	Director	$0	$0	$0
GARY HAMMOND	VICE CHARIMAN	0.50	Officer Director	$0	$0	$0
SARAH PURDY	DIRECTOR	0.50	Director	$0	$0	$0
VERNON SAM BURNS	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE ASHLEY	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH PORTER	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA SMITH	ADMINISTRATIVE DIRECTOR	3.00	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
2019	$22,889	$37,349	$1,957,084	$-14,460
2018	$223,560	$30,239	$1,950,569	$193,321

OGDENSBURG GROWTH FUND DEVELOPMENT CORP