The Industrial Development Board of the City of Trenton (EIN 621373320) - 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

Principal Officer

Ed Norman

Tax Period

2023-07-01 to 2024-06-30

The Industrial Development Board of the City of Trenton is a small nonprofit that reported $104K in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 39% operating margin.

Mission

Help to maintain jobs by promoting industrial growth and providing industrial facilities at a fair cost.

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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 (2023)

Revenue Breakdown

Contributions & Grants $36

Program Service Revenue $103,750

Investment Income $156

Other Revenue $0

TOTAL REVENUE $103,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,598

Other Expenses $63,598

TOTAL EXPENSES $63,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,942	$42,348	+1.5%
Expenses	$63,598	$34,804	+0.8%
Net Income	$40,344	$7,544	+4.3%

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

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	Role	Reportable Comp	Other Comp	Total
Jonathan Estes	Director	Director	$0	$0	$0
Jimmy Williams	Director	Director	$0	$0	$0
Amy Greer	Director	Director	$0	$0	$0
Pat Riley	Director	Director	$0	$0	$0
Eric Allen	Director	Director	$0	$0	$0
Charles Hill	Director	Director	$0	$0	$0
Barney Cayson	Director	Director	$0	$0	$0
Sid Phelan	Director	Director	$0	$0	$0
Ed Norman	President	Officer Director	$0	$0	$0
Bill Joyner	Secretary	Officer Director	$0	$0	$0
Bill Woods	Vice President	Officer 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	$103,942	$63,598	$785,184	$40,344
2023	$42,348	$34,804	$464,993	$7,544
2022	$48,646	$35,660	$497,488	$12,986
2021	$49,938	$44,037	$534,012	$5,901
2020	$51,170	$52,533	$575,189	$-1,363
2019	$52,340	$37,167	$615,161	$15,173

The Industrial Development Board of the City of Trenton