PETERSBURG ECONOMIC DEVELOPMENT CO… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

CASEY FLINT

Phone

9077723664

Tax Period

2023-07-01 to 2024-06-30

PETERSBURG ECONOMIC DEVELOPMENT COUNCIL, founded in 2001, is a small nonprofit that reported $285K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Net assets of $1.7M represent 73 months of operating reserves.

Mission

ENVISIONED FUTURE: A VIBRANT MULTI-GENERATIONAL SMALL GROWING TOWN WITH A CORE BUSINESS DISTRICT, AFFORDABLE HOUSING, A WORLD CLASS SEAFOOD INDUSTRY, STRONG ENTREPRENEURIAL SECTOR, AND GREAT ACTIVITIES FOR ITS CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $222,360 Revenue: $185,620

THE PEDC OPERATES THE PETERSBURG COMMUNITY COLD STORAGE (PCCS). THIS IS A PUBLIC FACILITY PROVIDING FREEZING AND STORAGE SPACE TO ENTREPRENEURS IN THE SEAFOOD INDUSTRY. THE OUTCOMES ARE INCREASED...

THE PEDC OPERATES THE PETERSBURG COMMUNITY COLD STORAGE (PCCS). THIS IS A PUBLIC FACILITY PROVIDING FREEZING AND STORAGE SPACE TO ENTREPRENEURS IN THE SEAFOOD INDUSTRY. THE OUTCOMES ARE INCREASED SEAFOOD LANDINGS IN OUR COMMUNITY, ADDITIONAL JOBS, AND REVENUE.

Program 2

Expenses: $51,647

SCOW BAY VESSEL WORKYARD - PEDC IS LEADING DEVELOPMENT EFFORTS FOR A PUBLIC WORKYARD FOR SMALL COMMERCIAL AND RECREATIONAL VESSELS AT SCOW BAY. THE WORKYARD IS ANTICIPATED TO CREATE NEW OPPORTUNITIES FOR BUSINESS DEVELOPMENT AND EXPANSION IN THE MARINE SERVICE INDUSTRY AND CREATE NEW LONG-TERM MARINE TRADE JOBS IN THE COMMUNITY.

Program 3

Expenses: $3,800

BUSINESS DEVELOPMENT AND COMMUNITY MARKETING - PEDC SUPPORTS BUSINESS DEVELOPMENT EFFORTS, SPECIFICALLY DEVELOPMENT OF A LOCAL FARMER'S MARKET. THE MARKET ACTS AS A BUSINESS INCUBATOR ALLOWING...

BUSINESS DEVELOPMENT AND COMMUNITY MARKETING - PEDC SUPPORTS BUSINESS DEVELOPMENT EFFORTS, SPECIFICALLY DEVELOPMENT OF A LOCAL FARMER'S MARKET. THE MARKET ACTS AS A BUSINESS INCUBATOR ALLOWING ENTREPRENEURS TO TRY OUT PRODUCTS. THE PEDC, IN PARTNERSHIP WITH THE CHAMBER OF COMMERCE AND THE PETERSBURG BOROUGH, IS IMPLEMENTING A COMMUNITY MARKETING PROJECT. ANTICIPATED OUTCOMES INCLUDE IMPROVED TOOLS FOR LOCAL BUSINESSES TO USE TO MARKET PRODUCTS, RECRUIT EMPLOYEES, AND/OR ATTRACT VISITORS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $99,307

Program Service Revenue $185,620

Investment Income $302

Other Revenue $0

TOTAL REVENUE $285,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,053

Fundraising Expenses $0

Program Expenses $277,807

Other Expenses $223,369

TOTAL EXPENSES $288,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,229	$179,497	+0.6%
Expenses	$288,422	$225,892	+0.3%
Net Income	$-3,193	$-46,395	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY FLINT	BOARD PRESID	1.00	Officer Director	$0	$0	$0
GLORIANNE WOLLEN	BOARD VICE P	1.00	Officer Director	$0	$0	$0
HILLARY MCDONALD	BOARD TREASU	1.00	Officer Director	$0	$0	$0
SARAH FINE-WALSH	BOARD SECRET	1.00	Officer Director	$0	$0	$0
STEPHEN GIESBRECHT	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC GRUNDBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN O'NEIL	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES VALENTINE	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZ CABRERA	COORDINATOR	10.00	Officer	$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	$285,229	$288,422	$1,773,631	$-3,193
2023	$179,497	$225,892	$1,777,948	$-46,395
2022	$197,088	$243,656	$1,820,545	$-46,568
2021	$306,529	$245,583	$1,861,467	$60,946
2020	$266,541	$376,280	$1,859,626	$-109,739
2019	$153,403	$293,015	$1,905,794	$-139,612
2018	$-55,090	$40,331	$2,050,750	$-95,421

PETERSBURG ECONOMIC DEVELOPMENT COUNCIL