THE FOUNDATION OF THE ECONOMIC DEVELOPMENT COMPANY OF LANCASTER (EIN 474317726) - 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

2015

Legal Domicile

Principal Officer

EZRA ROTHMAN

Phone

7173974046

Tax Period

2024-01-01 to 2024-12-31

THE FOUNDATION OF THE ECONOMIC DEVELOPMENT COMPANY OF LANCASTER, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $150K in total revenue in fiscal year 2024. Revenue surged 178% from the prior year, signaling strong growth momentum. Expenses of $237K exceeded revenue, resulting in a 58% operating deficit.

Mission

ENHANCE THE ECONOMIC WELL-BEING OF THE COMMUNITY BY BRINGING TOGETHER BUSINESS RESOURCES, CAPITAL AND GOVERNMENT FOR SELECTIVE, MEASUREABLE AND SUSTAINABLE GROWTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $68,500

Investment Income $31,105

Other Revenue $0

TOTAL REVENUE $149,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,455

Program Expenses $204,058

Other Expenses $237,086

TOTAL EXPENSES $237,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,605	$53,846	+1.8%
Expenses	$237,086	$182,460	+0.3%
Net Income	$-87,481	$-128,614	-0.3%

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

$296,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EZRA ROTHMAN	PRESIDENT	2.60	Officer	$0	$23,734	$165,625
JOHN BIEMILLER	VICE PRESIDE	N/A	Officer	$0	$8,100	$130,564
TROY A CLAIR	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DREW	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
BRETT D JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
LIZ MARTIN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KENDRA D MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS J MYERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE RONDINELLI	BOARD VICE C	1.00	Officer Director	$0	$0	$0
SHANE ZIMMERMAN	DIRECTOR	1.00	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	$149,605	$237,086	$795,863	$-87,481
2023	$53,846	$182,460	$860,537	$-128,614
2022	$207,619	$260,240	$981,654	$-52,621
2021	$485,041	$263,831	$1,070,336	$221,210
2020	$387,828	$333,969	$841,502	$53,859
2019	$525,965	$380,298	$776,244	$145,667
2018	$476,944	$264,699	$642,029	$212,245

THE FOUNDATION OF THE ECONOMIC DEVELOPMENT COMPANY OF LANCASTER