ONEIDA COUNTY ECONOMIC DEVELOPMENT… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

Peter Otis

Phone

7153699110

Tax Period

2025-01-01 to 2025-12-31

ONEIDA COUNTY ECONOMIC DEVELOPMENT CORP, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $226K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $214K left a modest 5% surplus.

Mission

To promote and stimulate the orderly growth of stable businesses which provide year round employment throughout Oneida County while maintaining a high quality of life with a living wage

Program Service Accomplishments

Program 1

Expenses: $64,658 Revenue: $0

Business recruitment: Promote Oneida County to business relocation prospects and entrepreneurs, Provide statistical information, Site selection assistance, Financing options, etc.

Program 2

Expenses: $49,554 Revenue: $0

Business Retention: Assist local employers with expansion programs, access to financial options, statistical information and problem resolution and provide educational opportunities to enhance...

Business Retention: Assist local employers with expansion programs, access to financial options, statistical information and problem resolution and provide educational opportunities to enhance business capacity.

Program 3

Expenses: $48,996 Revenue: $0

Develop physical, financial and human capital required for economic growth, create and maintain industrial sites, administer grants and loan funds, and partner in workforce development initiatives.

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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 (2025)

Revenue Breakdown

Contributions & Grants $216,929

Program Service Revenue $0

Investment Income $8,725

Other Revenue $175

TOTAL REVENUE $225,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,689

Fundraising Expenses $15,838

Program Expenses $163,208

Other Expenses $56,390

TOTAL EXPENSES $214,079

Year-over-Year Comparison

	2025	2024	Change
Revenue	$225,829	$184,883	+0.2%
Expenses	$214,079	$304,848	-0.3%
Net Income	$11,750	$-119,965	-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

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
Leah VanZile	President	0.5	Officer Director	$0	$0	$0
Ty Erickson	President Elect	0.5	Officer Director	$0	$0	$0
Peter Otis	Secetary	0.5	Officer Director	$0	$0	$0
Andrew Cordova	Treasurer	0.5	Officer Director	$0	$0	$0
Todd Leyden	Past President	0.5	Director	$0	$0	$0
Kris Hanus	Director	0.5	Director	$0	$0	$0
Cecily Dawson	Director	0.5	Director	$0	$0	$0
Bobbie Fields	Director	0.5	Director	$0	$0	$0
Brad Kowieski	Director	0.5	Director	$0	$0	$0
Luke Durkee	Director	0.5	Director	$0	$0	$0
Russ Myers	Director	0.5	Director	$0	$0	$0
Michael Rigby	Director	0.5	Director	$0	$0	$0
Don Theisen	Director	0.5	Director	$0	$0	$0
Michael Tautges	Director	0.5	Director	$0	$0	$0
Collette Sorgel	Director	0.5	Director	$0	$0	$0
Patrick Reagan	Director	0.5	Director	$0	$0	$0
Josh Pike	Director	0.5	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
2025	$225,829	$214,079	$205,645	$11,750
2024	$184,883	$304,848	$188,857	$-119,965
2023	$203,822	$182,398	$330,209	$21,424
2018	$215,992	$155,311	$212,244	$60,681

ONEIDA COUNTY ECONOMIC DEVELOPMENT CORP