ECONOMIC DEVELOPMENT GREATER EAST EDGE INCORPORATED (EIN 823157315) - 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

AMELIA E BANDY

Phone

2765964002

Tax Period

2024-01-01 to 2024-12-31

ECONOMIC DEVELOPMENT GREATER EAST EDGE INCORPORATED, founded in 2017, is a small nonprofit in the Public & Societal Benefit sector that reported $785K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 26% operating margin.

Mission

CURATES AND CULTIVATES THE GREATER EAST'S ECONOMIC EDGE THROUGH EDUCATION, ENTREPRENEURSHIP, AND INNOVATION IN LAND-BASED AND CREATIVE INDUSTRIES, TOURISM, AND THE TRADES.

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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 $784,660

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $784,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,748

Fundraising Expenses $27,493

Program Expenses $531,230

Other Expenses $394,913

TOTAL EXPENSES $581,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$784,660	$574,842	+0.4%
Expenses	$581,661	$548,901	+0.1%
Net Income	$202,999	$25,941	+6.8%

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

$77,656

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL CANNADY	BOARD MEMBER	0.50	Director	$0	$0	$0
FLORENCE FRENCH FAGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
RUBY DANIELS	BOARD MEMBER	0.50	Director	$0	$0	$0
REBECCA JENNINGS	BOARD MEMBER	0.50	Director	$0	$0	$0
MEHMET OZTAN	BOARD MEMBER	0.50	Director	$0	$0	$0
AMELIA E BANDY	PRESIDENT & EXEC. DIRECTOR	40.00	Officer	$77,656	$0	$77,656
TERRI PHILPOTT	SECRETARY	0.50	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	$784,660	$581,661	$500,930	$202,999
2023	$574,842	$548,901	$291,739	$25,941
2022	$451,483	$331,104	$271,950	$120,379

ECONOMIC DEVELOPMENT GREATER EAST EDGE INCORPORATED