CAROLINE ECONOMIC DEVELOPMENT CORPORATION (EIN 520982021) - 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

1973

Legal Domicile

Principal Officer

DEBORAH E BOWDEN

Phone

4104790655

Tax Period

2020-07-01 to 2021-06-30

CAROLINE ECONOMIC DEVELOPMENT CORPORATION, founded in 1973, is a small nonprofit that reported $139K in total revenue in fiscal year 2020. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $27K, a strong 19% operating margin.

Mission

CAROLINE ECONOMIC DEVELOPMENT CORP. (CEDC) EXISTS TO FOSTER A DIVERSIFIED LOCAL ECONOMY THAT LEADS TO BUSINESS RETENTION AND ATTRACTION, JOB CREATION AND WORKFORCE DEVELOPMENT, AND A STRONG QUALITY OF LIFE FOR THE CITIZENS OF CAROLINE COUNTY, MARYLAND.

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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 (2020)

Revenue Breakdown

Contributions & Grants $137,519

Program Service Revenue $1,712

Investment Income $0

Other Revenue $0

TOTAL REVENUE $139,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,995

Fundraising Expenses $0

Program Expenses $100,961

Other Expenses $96,626

TOTAL EXPENSES $112,621

Year-over-Year Comparison

	2020	2019	Change
Revenue	$139,231	$122,325	+0.1%
Expenses	$112,621	$120,030	-0.1%
Net Income	$26,610	$2,295	+10.6%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILA HATHAWAY	SECRETARY	2.00	Officer Director	$0	$0	$0
AUDREY CLEMENS	MEMBER	1.00	Director	$0	$0	$0
DON MULRINE	MEMBER	1.00	Director	$0	$0	$0
KEVIN REICHART	MEMBER	1.00	Director	$0	$0	$0
DAN FRANKLIN	MEMBER	1.00	Director	$0	$0	$0
PHIL LISKE	MEMBER	1.00	Director	$0	$0	$0
JAMIE BEECHEY	MEMBER	1.00	Director	$0	$0	$0
DEBBIE BOWDEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEBI SEWELL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TRACEY SNYDER	MEMBER	1.00	Director	$0	$0	$0
ANGEL PEREZ	MEMBER	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
2021	$139,231	$112,621	$57,313	$26,610
2020	$122,325	$120,030	$24,778	$2,295
2019	$138,323	$131,512	$36,617	$6,811
2018	$116,736	$124,230	$18,159	$-7,494

CAROLINE ECONOMIC DEVELOPMENT CORPORATION