Schuylkill Economic Development Corporation

Nonprofit profile at a glance

EIN
231412034
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Pottsville, PA, USA
Phone
5706221943
Rating
59
Verdict
MIXED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$6,383,653
Expenses
$930,432
Assets
$27,846,857
Liabilities
$2,078,451

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • FRANK ZUKAS (President & CEO)

Highest reported compensation

  • FRANK ZUKAS (President & CEO): $274,697 total reported compensation
  • MARK MINNIG (ECONOMIC DEVELOPMENT MANAGER): $140,159 total reported compensation
  • LETITIA RESIER (ASST SECRETARY): $91,234 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promoted industrial development in schuylkill county, pa through land development, contruction of shell buildings, low-interest loans

What it reported doing in 2025

Sedco provided administrative services to the schuylkill county industrial development authority and the highridge improvement district authority. In addition, sedco charges a service fee to companies who utilize the loan program via the Pennsylvania industrial development authority for projects in schuylkill county.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 60
  • Accountability: 95
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 43.9%; rating input score 44
  • Program expense ratio: 42%; rating input score 42
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 85.4%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 29.93; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 54.4%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -0.7% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 13.9% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 2.1% per year; rating input score 100; 18th percentile among comparable filings

Details

  • Where the money goes: 43.9% of revenue deployed · 42% of spending went to programs
  • Governance: 46 of 46 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $391K in reported program spending
  • Leadership: top reported pay $275K · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 3 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 42/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.