ETNA ECONOMIC DEVELOPMENT CORPORATION (EIN 651176292) - 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

1993

Legal Domicile

Principal Officer

PETE RAMAGE

Phone

4127810569

Tax Period

2019-01-01 to 2019-12-31

ETNA ECONOMIC DEVELOPMENT CORPORATION, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2019. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,200,971

Program Service Revenue $50,841

Investment Income $10,354

Other Revenue $12,930

TOTAL REVENUE $1,275,096

Expense Breakdown

Grants Paid $312,565

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,317,202

Other Expenses $1,017,248

TOTAL EXPENSES $1,329,813

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,275,096	$1,177,718	+0.1%
Expenses	$1,329,813	$409,690	+2.2%
Net Income	$-54,717	$768,028	-1.1%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ELLEN GUBANIC	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL FUNTAL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAINA HERMANOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
PETE RAMAGE	PRESIDENT	5.00	Officer	$0	$0	$0
JEFF PLOWEY	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MARY MACECEVIC	TREASURER	5.00	Officer	$0	$0	$0
KAREN TOMASZEWSKI	SECRETARY	5.00	Officer	$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
2019	$1,275,096	$1,329,813	$841,565	$-54,717
2018	$1,177,718	$409,690	$895,822	$768,028

ETNA ECONOMIC DEVELOPMENT CORPORATION