BLADES ECONOMIC DEVELOPMENT CORPORATION (EIN 510362437) - 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

1994

Legal Domicile

Principal Officer

JAY ARMIGER

Phone

3027456649

Tax Period

2024-07-01 to 2025-06-30

BLADES ECONOMIC DEVELOPMENT CORPORATION, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $212K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $198K left a modest 7% surplus.

Mission

TO DEVELOP THE ECONOMY AND PROPERTIES IN THE TOWN OF BLADES

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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 $30,225

Program Service Revenue $163,818

Investment Income $5

Other Revenue $18,075

TOTAL REVENUE $212,123

Expense Breakdown

Grants Paid $400

Salaries & Benefits $43,359

Fundraising Expenses $0

Program Expenses $163,992

Other Expenses $154,324

TOTAL EXPENSES $198,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,123	$190,730	+0.1%
Expenses	$198,083	$178,708	+0.1%
Net Income	$14,040	$12,022	+0.2%

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

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

$40,276

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ed Cranston	Dockmaster	40.00	Key Emp Highest	$18,400	$0	$18,400
Dave Smith	Assistant Dockmaster	20.00	Key Emp	$13,380	$0	$13,380
Dale Libby	Groundskeeper	10.00	Key Emp	$8,496	$0	$8,496

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	$212,123	$198,083	$1,066,862	$14,040
2024	$190,730	$178,708	$1,045,290	$12,022
2023	$171,104	$169,564	$1,026,549	$1,540
2022	$162,496	$295,220	$1,028,177	$-132,724
2021	$169,337	$434,548	$1,168,956	$-265,211
2020	$150,075	$403,251	$1,434,167	$-253,176

BLADES ECONOMIC DEVELOPMENT CORPORATION