OLEAN BUSINESS DEVELOPMENT CORPORATION (EIN 455371087) - 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

2013

Legal Domicile

Phone

7167014009

Tax Period

2025-01-01 to 2025-12-31

OLEAN BUSINESS DEVELOPMENT CORPORATION, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $404K, a strong 29% operating margin.

Mission

To benefit youth through mentoring and skills development; to benefit families by creating a connection to community leaders, resources, and service opportunities; to benefit small businesses by providing training, coaching, resource connections, networking, and collaboration; and to benefit the community by retention of youth, supporting the development of a better prepared labor force, encouraging stronger businesses, and improving regional economic conditions.

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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 $1,214,054

Program Service Revenue $21,178

Investment Income $40,239

Other Revenue $132,493

TOTAL REVENUE $1,407,964

Expense Breakdown

Grants Paid $198,796

Salaries & Benefits $387,292

Fundraising Expenses $0

Program Expenses $822,846

Other Expenses $417,826

TOTAL EXPENSES $1,003,914

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,407,964	$1,752,532	-0.2%
Expenses	$1,003,914	$1,094,728	-0.1%
Net Income	$404,050	$657,804	-0.4%

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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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
BOB FORNESS	PRESIDENT/CEO	40.00		$112,219	$2,674	$114,893
MICHAEL FISCHER	Finance Chair	1.00	Officer Director	$0	$0	$0
MICHAEL SMITH	Vice Chair	1.00	Officer Director	$0	$0	$0
DANIEL DEMARTE	Secretary	1.00	Director	$0	$0	$0
BRENT DRISCOLL	Director	1.00	Director	$0	$0	$0
COREY WIKTOR	Director	1.00	Director	$0	$0	$0
KIRK WINDUS	Director	1.00	Director	$0	$0	$0
MATRECIA JAMES	Director	1.00	Director	$0	$0	$0
JAMES E STITT	Past Chair	1.00	Officer Director	$0	$0	$0
STEVE MCCLAIN	Chair	1.00	Officer 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	$1,407,964	$1,003,914	$2,950,671	$404,050
2024	No data	No data	No data	No data
2023	$925,080	$834,237	$2,049,315	$90,843
2022	$709,773	$815,835	$1,903,210	$-106,062
2021	$499,620	$341,386	$1,902,114	$158,234
2020	$608,955	$219,272	$1,873,120	$389,683
2019	$377,947	$396,087	$1,542,324	$-18,140
2018	$287,654	$296,400	$1,588,198	$-8,746

OLEAN BUSINESS DEVELOPMENT CORPORATION