OSWEGO COUNTY DEVELOPMENT CORPORAT… - Form 990 Financial Data

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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

MARIKAY FLEMMING

Phone

3155922201

Tax Period

2023-01-01 to 2023-12-31

OSWEGO COUNTY DEVELOPMENT CORPORATION, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $654K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 26% operating margin.

Mission

DEVELOPING, ACQUIRING, CONSTRUCTION, RENOVATING, OPERATING, MANAGING, MAINTAINING, AND IMPROVING HOUSING AND HOME OWNERSHIP OPPORTUNITIES FOR LOW INCOME INDIVIDUALS, FAMILIES AND SENIORS

Program Service Accomplishments

Program 1

Expenses: $483,013 Revenue: $654,433

DEVELOPING, ACQUIRING, CONSTRUCTION, RENOVATING, OPERATING, MANAGING, MAINTAINING, AND IMPROVING HOUSING AND HOME OWNERSHIP OPPORTUNITES FOR LOW INCOME INDIVIDUALS, FAMILIES AND SENIORS

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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 $641,688

Investment Income $12,745

Other Revenue $0

TOTAL REVENUE $654,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,009

Fundraising Expenses $0

Program Expenses $483,013

Other Expenses $89,004

TOTAL EXPENSES $483,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$654,433	$404,766	+0.6%
Expenses	$483,013	$332,087	+0.5%
Net Income	$171,420	$72,679	+1.4%

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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
MICHAEL STAFFORD	VICE PRESIDENT	Officer Director	$0	$0	$0
LOUELLA LECLAIR	SECRETARY	Officer Director	$0	$0	$0
MARIKAY FLEMMING	TREASURER	Officer Director	$0	$0	$0
HOLLY CARPENTER	BOARD MEMBER	Director	$0	$0	$0
STEPHANIE SMITH	BOARD MEMBER	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	$654,433	$483,013	$1,053,299	$171,420
2022	$404,766	$332,087	$803,892	$72,679
2021	$116,578	$50,063	$852,728	$66,515
2020	$99,174	$51,581	$739,428	$47,593
2019	$100,132	$49,532	$636,320	$50,600

OSWEGO COUNTY DEVELOPMENT CORPORATION