GREENE COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 833107591) - 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

2018

Legal Domicile

Principal Officer

MARK MARAGLIO

Phone

5187193290

Tax Period

2024-01-01 to 2024-12-31

GREENE COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $306K in total revenue in fiscal year 2024. Revenue surged 670% from the prior year, signaling strong growth momentum.

Mission

TO RELIEVE AND REDUCE UNEMPLOYMENT, TO IMPROVE AND MAINTAIN JOB OPPORTUNITIES, TO PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, TO IMPROVE AND MAINTAIN JOB OPPORTUNITES, TO PROVIDE INSTRUCTION AND TRAINING TO INDIVIDUALS TO IMPROVE OR DEVELOP THEIR CAPABILITIES FOR EMPLOYMENT, TO ENCOURAGE THE ATTRACTION, DEVELOPMENT OR RETENTION OF BUSINESSES, AND TO COMBAT COMMUNITY DETERIORATION AND BLIGHT, ALL WITHIN GREENE COUNTY NEW YORK, AND TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST.

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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 $300,000

Program Service Revenue $5,556

Investment Income $23

Other Revenue $0

TOTAL REVENUE $305,579

Expense Breakdown

Grants Paid $255,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $305,384

Other Expenses $58,359

TOTAL EXPENSES $313,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,579	$39,704	+6.7%
Expenses	$313,359	$15,148	+19.7%
Net Income	$-7,780	$24,556	-1.3%

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
MARK MARAGLIO	CHAIR	1.00	Officer Director	$0	$0	$0
BRADLEY CUMMINGS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ALLEN AUSTIN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KOZLOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA MACKO	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL LEGG	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA KARCH	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN DONNELLY	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
JAMES HANNAHS	EXECUTIVE DIRECTOR	1.00	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	$305,579	$313,359	$320,046	$-7,780

GREENE COUNTY ECONOMIC DEVELOPMENT CORPORATION