CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION (EIN 813982616) - 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

2016

Legal Domicile

Principal Officer

L THOMAS SWEET

Phone

6076547487

Tax Period

2025-01-01 to 2025-12-31

CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION, founded in 2016, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE CORPORATION WAS ESTABLISHED TO COMBAT THE PROBLEM OF VACANT AND ABANDONED PROPERTIES IN CHEMUNG COUNTY AND THE CITY OF ELMIRA AND FACILITATE THE RETURN OF VACANT, ABANDONED AND TAX-DELINQUENT PROPERTIES TO PRODUCTIVE USE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,123,945

Program Service Revenue $0

Investment Income $2,721

Other Revenue $0

TOTAL REVENUE $1,126,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,017,300

Other Expenses $1,214,057

TOTAL EXPENSES $1,214,057

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,126,666	$1,014,351	+0.1%
Expenses	$1,214,057	$578,755	+1.1%
Net Income	$-87,391	$435,596	-1.2%

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
L THOMAS SWEET	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BRENT STERMER	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
JOSEPH ROMAN	TREASURER	5.00	Officer Director	$0	$0	$0
EMMA MIRAN	SECRETARY	5.00	Officer Director	$0	$0	$0
THERESA MURDOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE MCCORMICK	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WARREN ROMAN	BOARD 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
2025	$1,126,666	$1,214,057	$423,522	$-87,391
2024	$1,014,351	$578,755	$519,998	$435,596
2023	$260,782	$658,365	$167,170	$-397,583
2022	$410,597	$312,819	$477,311	$97,778
2021	$580,002	$566,729	$372,320	$13,273
2020	$555,039	$488,984	$359,240	$66,055
2019	$860,396	$624,935	$333,709	$235,461
2018	$653,636	$596,184	$272,104	$57,452

CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION