Salisbury Wicomico Economic Development Inc (EIN 520885275) - Form 990 Financial Analysis & Trantor Score

🔒

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

1968

Legal Domicile

Principal Officer

David J Ryan Jr

Phone

4107491251

Tax Period

2023-09-01 to 2024-08-31

Salisbury Wicomico Economic Development Inc, founded in 1968, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum.

Mission

RESPONSIBLE FOR THE ENHANCEMENT OF THE SOCIO-ECONOMIC ENVIRONMENT OF SALISBURY AND THE WICOMICO COUNTY REGION THROUGH THE PRESERVATION AND CREATION OF PRODUCTIVE EMPLOYMENT OPPORTUNITIES.

🔒

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 $2,313,005

Program Service Revenue $31,900

Investment Income $7,741

Other Revenue $0

TOTAL REVENUE $2,352,646

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $233,058

Fundraising Expenses $0

Program Expenses $2,276,510

Other Expenses $2,081,667

TOTAL EXPENSES $2,319,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,352,646	$971,279	+1.4%
Expenses	$2,319,725	$935,320	+1.5%
Net Income	$32,921	$35,959	-0.1%

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

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

$167,034

Total Directors

$167,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David J Ryan Jr	Executive Dir.	40.00	Officer Director	$162,169	$4,865	$167,034
CHRISTOPHER ECCLESTON	Secretary	1.00	Officer Director	$0	$0	$0
CHRIS HALL	Director	1.00	Director	$0	$0	$0
TONY NICHOLS	Director	1.00	Director	$0	$0	$0
DR DERREK DUNN	Director	1.00	Director	$0	$0	$0
MATTHEW POWELL	Director	1.00	Director	$0	$0	$0
KATHY BENNETT	Director	1.00	Director	$0	$0	$0
CHELSYE PHILLIPS-HUTTON	Director	1.00	Director	$0	$0	$0
MARCUS BEAL	Director	1.00	Director	$0	$0	$0
JOE HOLLOWAY	Director	1.00	Director	$0	$0	$0
CHRISTY WEER	President	1.00	Officer Director	$0	$0	$0
RANDY TAYLOR	Director	1.00	Director	$0	$0	$0
MARK WELSH	Director	1.00	Director	$0	$0	$0
ELI MODLIN	Director	1.00	Director	$0	$0	$0
JIM WILLEY	Treasurer	1.00	Officer Director	$0	$0	$0
DWIGHT MILLER	Director	1.00	Director	$0	$0	$0
BOB CORE	Director	1.00	Director	$0	$0	$0
MARIA WALLER	Director	1.00	Director	$0	$0	$0
BAK PATEL	Director	1.00	Director	$0	$0	$0
HENRY HANNA III	Director	1.00	Director	$0	$0	$0
MONTY SAYLER	Director	1.00	Director	$0	$0	$0
JOHN STERN	Director	1.00	Director	$0	$0	$0
JENNIFER POULSEN	Director	1.00	Director	$0	$0	$0
RICHARD MORRIS	Director	1.00	Director	$0	$0	$0
TRENT PUSEY	Vice President	1.00	Officer Director	$0	$0	$0
DAWN ADKINS-HARCUM	Director	1.00	Director	$0	$0	$0
CHRIS PERDUE	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	$2,352,646	$2,319,725	$1,781,157	$32,921
2023	$971,279	$935,320	$3,746,568	$35,959
2022	$288,082	$430,412	$1,074,351	$-142,330
2021	$5,424,669	$5,628,608	$1,249,911	$-203,939
2019	$279,592	$270,038	$1,001,775	$9,554
2018	$367,208	$257,667	$1,004,006	$109,541

Salisbury Wicomico Economic Development Inc