RIDGWAY AREA INDUSTRIAL DEVELOPMENT INC

EIN: 474600595 501(c)(3) Community Improvement

RIDGWAY, PA

Total Revenue
$885,251
Total Expenses
$83,457
Total Assets
$1,294,625
Net Assets
$1,294,625
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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
PA
Tax Period
2024-01-01 to 2024-12-31

RIDGWAY AREA INDUSTRIAL DEVELOPMENT INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $885K in total revenue in fiscal year 2024. Revenue surged 1744% from the prior year, signaling strong growth momentum. The organization ran a surplus of $802K, a strong 91% operating margin.

Mission

TO PROMOTE THE ECONOMIC AND GENERAL WELFARE OF THE AREA WITHIN THE RIDGWAY VICINITY BY FINANCIAL SUPPORT, AID AND CHARITABLE CONTRIBUTIONS.

Program Service Accomplishments

Program 1
Expenses: $83,457

THE CREATION OF JOBS FOR MEN AND WOMEN THROUGH THE ERECTION OF INDUSTRIAL BUILDINGS FOR NEW INDUSTRIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $111,565
Investment Income $773,686
Other Revenue $0
TOTAL REVENUE $885,251

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $83,457
Other Expenses $80,957
TOTAL EXPENSES $83,457

Year-over-Year Comparison

2024 2023 Change
Revenue $885,251 $47,999 +17.4%
Expenses $83,457 $132,615 -0.4%
Net Income $801,794 $-84,616 -10.5%
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

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Governance

Voting Members
12
Independent Members
12
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE CLEVELAND President 0.00
Officer Director
$0 $0 $0
MICHAEL DEPANFILIS Trustee 0.00
Director
$0 $0 $0
BEN BRAZINSKI Treasurer 0.00
Officer Director
$0 $0 $0
MIKE AIELLO Trustee 0.00
Director
$0 $0 $0
MICHELLE BOGACKI Trustee 0.00
Director
$0 $0 $0
JANE BRYNDEL Secretary 0.00
Officer Director
$0 $0 $0
TOM BUCK Trustee 0.00
Director
$0 $0 $0
JEFF MARZELLA Vice President 0.00
Officer Director
$0 $0 $0
STEVE BRAZINSKI Trustee 0.00
Director
$0 $0 $0
DAVE PONTZER Trustee 0.00
Director
$0 $0 $0
DEBRA PONTZER Trustee 0.00
Director
$0 $0 $0
STEVE MARTIN Trustee 0.00
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
2025 No data No data No data No data
2024 $885,251 $83,457 $1,294,625 $801,794
2023 $47,999 $132,615 $734,025 $-84,616
2022 $160,713 $141,577 $1,176,020 $19,136
2021 $216,678 $145,070 $1,229,998 $71,608
2020 $151,562 $132,856 $1,093,339 $18,706
2019 $547,062 $156,293 $1,106,749 $390,769
2018 $137,078 $85,405 $590,984 $51,673
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