EDGEWOOD BOARD OF ECONOMIC DEVELOPM (EIN 421356753) - 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

1990

Legal Domicile

Phone

5639287036

Tax Period

2024-07-01 to 2025-06-30

EDGEWOOD BOARD OF ECONOMIC DEVELOPM, founded in 1990, is a micro nonprofit that reported $97K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $285K represent 35 months of operating reserves.

Mission

EDGEWOOD BOARD OF ECONOMIC DEVELOPMENT PROOTES BUSINESS GROWTH AND JOB DEVELOPMENT AND RETENTION AND ASSISTS THE COMMUNITY WITH DEVELOPMENT PROECTS AND RESTORATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $96,000

Program Service Revenue $0

Investment Income $2

Other Revenue $590

TOTAL REVENUE $96,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,847

Fundraising Expenses $0

Program Expenses $102,185

Other Expenses $42,338

TOTAL EXPENSES $102,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,592	$110,162	-0.1%
Expenses	$102,185	$92,474	+0.1%
Net Income	$-5,593	$17,688	-1.3%

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
DAVID MEYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS HUNT	DIRECTOR	1.00	Director	$0	$0	$0
LUKE BRADY	TREASURER	1.00	Officer Director	$0	$0	$0
ALICIA WALZ	DIRECTOR	1.00	Director	$0	$0	$0
BAILIE MAUER	DIRECTOR	1.00	Director	$0	$0	$0
KIRBY KENDRICK	DIRECTOR	1.00	Officer	$0	$0	$0
ELISE BERGAN	ORG DIRSECRETARY	40.00	Key Emp	$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	$96,592	$102,185	$402,730	$-5,593
2024	$110,162	$92,474	$412,490	$17,688
2023	$123,457	$82,889	$399,200	$40,568
2022	$178,268	$80,646	$382,468	$97,622
2021	$131,716	$68,294	$134,845	$63,422
2020	$77,640	$69,116	$74,282	$8,524
2019	$64,073	$70,043	$66,606	$-5,970

EDGEWOOD BOARD OF ECONOMIC DEVELOPM