Penn Northwest Development Corporation

Nonprofit profile at a glance

EIN
251515795
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Hermitage, PA, USA
Phone
7246623705
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$2,679,230
Expenses
$2,549,829
Assets
$3,206,297
Liabilities
$368,093

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • ROD WILT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ROD WILT (EXECUTIVE DIRECTOR): $144,663 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are a conduit and catalyst for economic growth and prosperity, we exist to enrich the lives of those who live, work, and play in mercer county. More fundamentally, we are a membership driven, non-profit marketing company, and provide the leadership to attract, retain, and expand business in the county and surrounding area. As a whole, the organization will strive to make significant progress in the areas of membership; customer service; business attraction, retention and expansion; and the identification of key regional initiatives that promote the economic health of mercer county.

What it reported doing in 2024

We strive to: 1. Attract new businesses to mercer county that will make capital investment in property and will create real family-wage sustaining jobs.2. To provide educational, business development, and expansion opportunities for local industry to grow and prosper3. To serve as an advocate for infrastructure/sites development improvements throughout the county that better position the county to attract investment and job creation.4. To foster a good working relationship with local, state, and federal elected officials.5. To provide high-quality customer service to our members and value in exchange for their membership dues.6. To control costs and expenses7. To grow new funding sources to increase operating flexibility and make pndc less dependent on government funding sources.8. To maximize current funding sources.9. To use technology to make communication a foundational core competency.10. To become a more effective marketing company by development and use of a comprehensive corporate marketing plan.

Operating model

Revenue model
Grant-funded. 68% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 77% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 53
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.9%; rating input score 78
  • Program expense ratio: 81.2%; rating input score 81
  • Fundraising efficiency: $16.74 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.8%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 1.26; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: -6.1% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -0.9% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings

Details

  • Where the money goes: 77.9% of revenue deployed · 81.2% of spending went to programs
  • Governance: 20 of 20 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $2.1M in reported program spending
  • Leadership: top reported pay $145K · 21 people listed
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 54/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.