UNION COUNTY ECONOMIC DEVELOPMENT CORP (EIN 930792878) - 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

1986

Legal Domicile

Phone

5419630926

Tax Period

2022-07-01 to 2023-06-30

UNION COUNTY ECONOMIC DEVELOPMENT CORP, founded in 1986, is a micro nonprofit that reported $2K in total revenue in fiscal year 2022. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $6K exceeded revenue, resulting in a 204% operating deficit.

Mission

The mission of the Union County Economic Development Corporation (UCEDC) brings together the leadership, resources and knowledge necessary to identify needed change and then engages others in partnerships capable of achieving our shared goals and vision.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $122

Other Revenue $1,931

TOTAL REVENUE $2,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,240

TOTAL EXPENSES $6,240

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,053	$269,824	-1.0%
Expenses	$6,240	$3,863	+0.6%
Net Income	$-4,187	$265,961	-1.0%

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
ROB WILLIAMSON	Secretary	0.50	Director	$0	$0	$0
GREG COLOZZI	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TIM SEYDEL	Vice President	0.50	Officer Director	$0	$0	$0
ANDY PERRY	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK DAVIDSON	President	1.00	Officer 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
2023	$2,053	$6,240	$1,311,400	$-4,187
2022	$269,824	$3,863	$1,315,587	$265,961
2021	$8,037	$6,526	$1,049,626	$1,511
2020	$7,155	$5,183	$1,048,115	$1,972
2019	$4,810	$7,245	$1,046,953	$-2,435

UNION COUNTY ECONOMIC DEVELOPMENT CORP