Aliquippa Economic Development Corporation (EIN 464288382) - 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

2014

Legal Domicile

Principal Officer

Donald Walker III

Tax Period

2023-01-01 to 2023-12-31

Aliquippa Economic Development Corporation, founded in 2014, is a small nonprofit in the Public & Societal Benefit sector that reported $137K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $727K exceeded revenue, resulting in a 429% operating deficit.

Mission

To create economic development opportunities and to improve the general welfare of the City of Aliquippa.

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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 $136,569

Program Service Revenue $0

Investment Income $200

Other Revenue $600

TOTAL REVENUE $137,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,000

Fundraising Expenses $0

Program Expenses $556,049

Other Expenses $649,357

TOTAL EXPENSES $727,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,369	$622,691	-0.8%
Expenses	$727,357	$306,694	+1.4%
Net Income	$-589,988	$315,997	-2.9%

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

$78,000

Total Directors

$78,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia Gormley	Executive Director	40.00	Officer Director	$78,000	$0	$78,000
Amber Green	Director	1.00	Director	$0	$0	$0
Vinny Lima	Director	1.00	Director	$0	$0	$0
Dwan Walker	Director	1.00	Director	$0	$0	$0
Samuel Gill	Treasurer	1.00	Officer Director	$0	$0	$0
Donald Walker III	Chairman	5.00	Officer Director	$0	$0	$0
Bridget Wysocki	Secretary	1.00	Officer Director	$0	$0	$0
Emanual Panos	Vice Chairman	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
2024	No data	No data	No data	No data
2023	$137,369	$727,357	$898,632	$-589,988
2022	$622,691	$306,694	$1,489,904	$315,997
2021	$403,528	$156,745	$1,222,700	$246,783
2020	$1,000,076	$564,978	$981,717	$435,098
2019	$499,917	$293,396	$524,321	$206,521
2018	$500,000	$219,673	$291,059	$280,327

Aliquippa Economic Development Corporation