BENSALEM ECONOMIC DEVELOPMENT CORPORATION (EIN 752977069) - 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

2001

Legal Domicile

Principal Officer

ALWYN GOUGLER

Phone

2156333681

Tax Period

2024-01-01 to 2024-12-31

BENSALEM ECONOMIC DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $153K in total revenue in fiscal year 2024. Expenses of $180K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO FACILITATE BUSINESS WORKING WITH GOVERNMENT IN A FRIENDLY ENVIRONMENT

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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 $36,394

Program Service Revenue $7,401

Investment Income $80,364

Other Revenue $28,481

TOTAL REVENUE $152,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,638

Fundraising Expenses $0

Program Expenses $179,086

Other Expenses $94,548

TOTAL EXPENSES $180,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,640	$153,842	0.0%
Expenses	$180,186	$167,532	+0.1%
Net Income	$-27,546	$-13,690	+1.0%

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

$78,766

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN CUMMINGS	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
JOHN COSTELLO	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
SAM MADULLA	EXECUTIVE DIRECTOR	0.00	Director	$0	$0	$0
AL GOUGLER	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
JIM HUMPHREYS	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
LEO WESOLOWSKI	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
ROBERT NORKUS	BOARD OF DIRECTOR	30.00	Director	$78,766	$0	$78,766
DAVE FACKLER	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
CLIFF GREER	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
MAYOR DIGIROLAMO	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
PAT DUFFY	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
ASHLEY THOMAS	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
ARCH SHARMA	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL COOK	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
STEVE NOLL	BOARD OF DIRECTOR	0.00	Director	$0	$0	$0
TOMMY TOMLINSON	BOARD OF DIRECTOR	0.00	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	$152,640	$180,186	$1,323,907	$-27,546
2023	$153,842	$167,532	$1,269,196	$-13,690
2022	$47,921	$111,486	$1,189,026	$-63,565
2021	$108,269	$77,399	$1,488,681	$30,870
2020	$12,232	$41,866	$1,295,132	$-29,634
2019	$83,621	$78,659	$1,232,304	$4,962
2018	$141,725	$108,444	$1,111,149	$33,281

BENSALEM ECONOMIC DEVELOPMENT CORPORATION