ECONOMIC ACTION GROUP INCORPORATED (EIN 814958212) - 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

2013

Legal Domicile

Principal Officer

PAUL HOMICK JR

Phone

2342289696

Tax Period

2023-01-01 to 2023-12-31

ECONOMIC ACTION GROUP INCORPORATED, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $216K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $289K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO SOLIDIFY AND ACCELERATE DOWNTOWN YOUNGSTOWN'S RESURGENCE AS A CENTER OF EMPLOYMENT, HIGHER EDUCATION, GOVERNMENT SERVICES & CULTURE, AND TO SERVE AS A CATALYST FOR OVERALL ECONOMIC DEVELOPMENT IN THE MAHONING VALLEY.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $79,320

Program Service Revenue $136,674

Investment Income $0

Other Revenue $356

TOTAL REVENUE $216,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,805

Fundraising Expenses $0

Program Expenses $219,431

Other Expenses $110,919

TOTAL EXPENSES $288,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,350	$351,319	-0.4%
Expenses	$288,724	$181,723	+0.6%
Net Income	$-72,374	$169,596	-1.4%

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

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
JEROME FRANKLIN	SECRETARY	5.00	Director	$0	$0	$0
PAUL HOMICK JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
TERESA MILLER	BOARD MEMBER	5.00	Director	$0	$0	$0
ANTHONY TREVENA	BOARD MEMBER	5.00	Director	$0	$0	$0
TYLER WILLIAMS	BOARD MEMBER	5.00	Director	$0	$0	$0
DEBORA FLORA	VICE PRESIDE	5.00	Officer	$0	$0	$0
JAMES SUTMAN	TREASURER	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
2024	No data	No data	No data	No data
2023	$216,350	$288,724	$272,212	$-72,374
2022	$351,319	$181,723	$350,091	$169,596
2022	$331,319	$157,161	$350,090	$174,158
2021	$224,902	$172,316	$176,430	$52,586

ECONOMIC ACTION GROUP INCORPORATED