MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C (EIN 810717388) - 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

2015

Legal Domicile

Principal Officer

PHILLIP JARED SMITH

Phone

2406416700

Tax Period

2024-07-01 to 2025-06-30

MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

TO ADVANCE EQUITABLE AND INCLUSIVE ECONOMIC GROWTH, PROSPERITY AND SUSTAINABILITY IN MONTGOMERY COUNTY THROUGH ACTIVITIES WHICH ACCELERATE THE GROWTH, RETENTION AND ATTRACTION OF BUSINESSES IN KEY INDUSTRY SECTORS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $4,989,640

Program Service Revenue $110,953

Investment Income $34,497

Other Revenue $0

TOTAL REVENUE $5,135,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,267,410

Fundraising Expenses $0

Program Expenses $4,415,142

Other Expenses $2,196,771

TOTAL EXPENSES $5,464,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,135,090	$6,240,820	-0.2%
Expenses	$5,464,181	$6,348,144	-0.1%
Net Income	$-329,091	$-107,324	+2.1%

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

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

$296,053

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD PEARSON	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
DR MUKESH KUMAR	VICE-CHAIR, BOARD OF DIRECTORS	2.00	Officer Director	$0	$0	$0
ANDY CHOD	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
KEVIN BEVERLY	IMMEDIATE PAST CHAIR, BOARD OF DIRECTORS	2.00	Officer Director	$0	$0	$0
DR ANNE KHADEMIAN	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
PETE BRISKMAN	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
MATTHEW LEE	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
SILVANA NANI	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
CHERLYN FREEMAN-WATKINS	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
ANTHONY FEATHERSTON	EX-OFFICIO MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
RICHARD MADALENO	EX-OFFICIO MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
COUNCILMEMBER MARILYN BALCOMBE	EX-OFFICIO MEMBER, BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
JIM SOLTESZ	MEMBER, BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
JENNIFER HSIN	TREASURER, BOARD OF DIRECTORS	4.00	Officer Director	$0	$0	$0
ELANA FINE	CHAIR, BOARD OF DIRECTORS	4.00	Officer Director	$0	$0	$0
KEVIN ANDERSON	EX-OFFICIO MEMBER, BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
DEVANG SHAH	SECRETARY, BOARD OF DIRECTORS	4.00	Officer Director	$0	$0	$0
BILL TOMPKINS	PRESIDENT AND CEO	40.00	Officer	$277,163	$18,890	$296,053
STACEY HARDY	VP OF OPERATIONS	40.00	Highest	$183,999	$17,999	$201,998
LYNNE BENZION	DIRECTOR OF ECONOMIC DEVELOPMENT	40.00	Highest	$173,480	$19,056	$192,536
MICHAEL MITCHELL	VP OF MARKETING & COMMUNICATION	40.00	Highest	$177,190	$28,183	$205,373
LAUREEN M BABB	DIRECTOR OF ECONOMIC DEVELOPMENT	40.00	Highest	$181,081	$14,618	$195,699
PRAYAS NEUPANE	DIRECTOR OF ECONOMIC DEVELOPMENT	40.00	Highest	$163,197	$7,543	$170,740

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	$5,135,090	$5,464,181	$4,163,154	$-329,091
2024	$6,240,820	$6,348,144	$4,665,093	$-107,324
2023	$7,205,268	$6,944,623	$4,619,671	$260,645
2022	$7,933,113	$8,894,394	$2,827,028	$-961,281
2021	$21,976,364	$22,480,206	$7,174,281	$-503,842
2020	$7,128,842	$6,108,581	$4,129,581	$1,020,261
2019	$5,109,698	$4,485,147	$3,221,806	$624,551

MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C