BERKS COUNTY NONPROFIT DEVELOPMENT CORPORATION (EIN 464136425) - 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

Principal Officer

KENNETH PICK

Phone

6104786325

Tax Period

2023-01-01 to 2023-12-31

BERKS COUNTY NONPROFIT DEVELOPMENT CORPORATION, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 79% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN SUPPORT OF REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,826,465

Investment Income $1,096

Other Revenue $0

TOTAL REVENUE $7,827,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,679,501

Other Expenses $1,679,501

TOTAL EXPENSES $1,679,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,827,561	$2,938,600	+1.7%
Expenses	$1,679,501	$2,005,903	-0.2%
Net Income	$6,148,060	$932,697	+5.6%

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

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

$168,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN YEAGER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
EILEEN KASTURA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS RUTH	SECRETARY	1.00	Officer Director	$0	$0	$0
DIODATO BASSANO	TREASURER/ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
JORGE DIAZ	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
KENNETH PICK	EXECUTIVE DIRECTOR	1.00	Officer	$0	$14,283	$168,410

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
2024	No data	No data	No data	No data
2023	$7,827,561	$1,679,501	$32,322,244	$6,148,060
2022	$2,938,600	$2,005,903	$17,246,187	$932,697
2021	$2,766,956	$873,333	$17,895,094	$1,893,623
2020	$1,367,131	$457,061	$4,435,095	$910,070
2019	$1,012,507	$648,169	$3,113,375	$364,338
2018	$554,870	$537,983	$1,968,345	$16,887

BERKS COUNTY NONPROFIT DEVELOPMENT CORPORATION