GREATER READING CHAMBER & ECONOMIC DEVELOPMENT CORPORATION (EIN 814279395) - 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

2017

Legal Domicile

Principal Officer

LUCINE SIHELNIK

Phone

6103766766

Tax Period

2024-01-01 to 2024-12-31

GREATER READING CHAMBER & ECONOMIC DEVELOPMENT CORPORATION, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2024.

Mission

TO SERVE BERKS COUNTY BUSINESSES, FOSTER ECONOMIC DEVELOPMENT AND GROWTH, AND BUSINESS SUPPORT THROUGH COMBINED MANAGEMENT AND COORDINATION OF ACTIVITIES AND RESOURCES OF GBDF AND GRCCI.

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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 $1,040,692

Program Service Revenue $1,914,610

Investment Income $24,116

Other Revenue $0

TOTAL REVENUE $2,979,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,022,008

Fundraising Expenses $0

Program Expenses $2,623,981

Other Expenses $937,867

TOTAL EXPENSES $2,959,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,979,418	$3,035,485	0.0%
Expenses	$2,959,875	$3,142,610	-0.1%
Net Income	$19,543	$-107,125	-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

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

$211,143

Total Directors

Key Employees

$375,023

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY R RUSH	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINA L WEEBER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL A DUFF	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELE L RICHARDS	TREASURER	1.00	Officer Director	$0	$0	$0
ERNEST J CHOQUETTE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ENCARNACION	DIRECTOR	1.00	Director	$0	$0	$0
JACK GOMBACH	DIRECTOR	1.00	Director	$0	$0	$0
LAURA HAFFNER	DIRECTOR	1.00	Director	$0	$0	$0
GINGER KUNKEL	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL R LANGDON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN D LOONEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMEY MAACK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PERATE	DIRECTOR	1.00	Director	$0	$0	$0
ALAN SHUMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID W STONESIFER	DIRECTOR	1.00	Director	$0	$0	$0
SARA STUMP	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL VIND	DIRECTOR	1.00	Director	$0	$0	$0
JOHN P WEIDENHAMMER	DIRECTOR	1.00	Director	$0	$0	$0
LUCINE SIHELNIK	CEO	15.00	Officer	$184,689	$26,454	$211,143
DEBRA MILLMAN	VP OF DEVELOPMENT	5.00	Key Emp	$167,531	$25,425	$192,956
SARA STEWART	CFO	20.00	Key Emp	$165,305	$16,762	$182,067

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	$2,979,418	$2,959,875	$2,572,596	$19,543
2023	$3,035,485	$3,142,610	$2,600,073	$-107,125
2022	$2,843,001	$2,860,376	$2,690,976	$-17,375
2021	$3,240,632	$2,985,554	$2,700,660	$255,078
2020	$4,196,319	$3,365,209	$2,468,802	$831,110
2019	$3,777,718	$3,514,653	$1,648,660	$263,065
2018	$3,399,961	$3,271,880	$462,330	$128,081

GREATER READING CHAMBER & ECONOMIC DEVELOPMENT CORPORATION