Civic Intelligence

Aliquippa Economic Development Corporation

EIN 46-4288382 • 501(c)3 • Aliquippa, PA

Profile

To create economic development opportunities and to improve the general welfare of the City of Aliquippa.

1835 Davidson StreetAliquippa, PA 15001

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.04x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

2nd percentile

-220%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-27%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$653,144

Down $245,488 (-27%) from 2023

Liabilities

Up

$4,487

Up $750 (+20%) from 2023

Net Assets

Down

$648,657

Down $246,238 (-28%) from 2023

Revenue

Down

$112,175

Down $25,194 (-18%) from 2023

Expenses

Down

$358,413

Down $368,944 (-51%) from 2023

Net Income

Up

-$246,238

Up $343,750 (+58%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2018: $291,059Liabilities 2018: $10,575Net Assets 2018: $280,4842018Assets 2019: $524,321Liabilities 2019: $37,316Net Assets 2019: $487,0052019Assets 2020: $981,717Liabilities 2020: $59,614Net Assets 2020: $922,1032020Assets 2021: $1,222,700Liabilities 2021: $53,814Net Assets 2021: $1,168,8862021Assets 2022: $1,489,904Liabilities 2022: $5,021Net Assets 2022: $1,484,8832022Assets 2023: $898,632Liabilities 2023: $3,737Net Assets 2023: $894,8952023Assets 2024: $653,144Liabilities 2024: $4,487Net Assets 2024: $648,6572024

Highlighted filing

2024

Assets$653,144
Liabilities$4,487
Net Assets$648,657

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2018: $500,000Expenses 2018: $219,673Net Income 2018: $280,3272018Revenue 2019: $499,917Expenses 2019: $293,396Net Income 2019: $206,5212019Revenue 2020: $1,000,076Expenses 2020: $564,978Net Income 2020: $435,0982020Revenue 2021: $403,528Expenses 2021: $156,745Net Income 2021: $246,7832021Revenue 2022: $622,691Expenses 2022: $306,694Net Income 2022: $315,9972022Revenue 2023: $137,369Expenses 2023: $727,357Net Income 2023: -$589,9882023Revenue 2024: $112,175Expenses 2024: $358,413Net Income 2024: -$246,2382024

Highlighted filing

2024

Revenue$112,175
Expenses$358,413
Net Income-$246,238

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 8, 2025
Return Version
2024v5.2
Gross Receipts
$112,175
Mission and Program Overview

Mission

To create economic development opportunities and to improve the general welfare of the City of Aliquippa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$331,836$331,837▲ $1
Land, Buildings, and Equipment, Net-$126,808-
Savings and Temporary Cash Investments-$103,431-
Cash and Non-Interest-Bearing Accounts$562,546$82,887▼ $479,659
Prepaid Expenses and Deferred Charges$4,000$8,181▲ $4,181
Total Assets$898,632$653,144▼ $245,488
Other Assets Total$250--
Liabilities
Other Liabilities$4,487$4,487→ $0
Accounts Payable and Accrued Expenses$-750--
Total Liabilities$3,737$4,487▲ $750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$392,924$529,775▲ $136,851
Net Assets With Donor Restrictions$501,971$118,882▼ $383,089
Total Net Assets Fund Balance$894,895$648,657▼ $246,238
Total Liabilities and Net Assets / Fund Balance$898,632$653,144▼ $245,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$126,808$2,065$128,873
Investment Program Related Org$331,837--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cynthia GormleyExecutive DirectorFT$39,000$39,000

Board Members and Trustees

NameTitle
Donald Walker IIIChairman
Emanual PanosVice Chairman
Amber Aike GreenDirector
Dwan WalkerDirector
Vinny LimaDirector
Bridget WysockiSecretary
Samuel GillTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$108,749
Program Service Revenue
$0
Investment Income
$3,426
Other Revenue
$0
Change in Net Assets
$-246,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$310,626
Salaries, Compensation, and Employee Benefits$47,787
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$39,000-$39,000
Fees for Services Other$35,215$660-$35,875
Fees for Services Management-$32,966-$32,966
Occupancy$1,150$10,912-$12,062
Office Expenses-$9,295-$9,295
Other Salaries and Wages-$4,800-$4,800
Insurance-$4,585-$4,585
Payroll Taxes-$3,987-$3,987
Fees for Services Accounting-$3,046-$3,046
Depreciation Depletion-$2,065-$2,065
Advertising-$325-$325
Other Expenses$192,247$172-$172
Total Functional Expenses$246,600$111,813$0$358,413
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Taxes Payable$4,487
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Officer directors etc family relationship Part VI line 2

Donald Walker who serves as the Chairman for the Aliquippa Economic Development Corporation (AEDC), and Dwan Walker who serves as a Director for the AEDC, are siblings.

Management duties delegation Part VI line 3

The Aliquippa Economic Development Corporation (AEDC) entered into a contract with the Beaver County Economic Development Corporation for professional management and consulting services to achieve the mission purpose of the AEDC.

Governing body meeting documentation Part VI line 8A

The Aliquippa Economic Development Corporation conducts regular monthly meetings of its Board of Directors and documents the content of those meetings in writing for approval at the subsequent months Board of Director meeting.

Committee meeting documentation Part VI line 8B

The Aliquippa Economic Development Corporation does not have separate committees to act on behalf of the Board of Directors. Decisions of the Corporation are approved and documented by the whole of the Board of Directors at their regularly scheduled monthly meeting.

Form 990 governing body review Part VI line 11

The Aliquippa Economic Development Corporations Form 990 is prepared by an independent certified public accounting firm and reviewed by the Assistant Secretary and the Board of Directors prior to submission to the Internal Revenue Service (IRS).

Conflict of interest policy compliance Part VI line 12C

The Aliquippa Economic Development Corporation has a formalized written Code of Ethics, which among other areas, specifically describes the Conflict of Interest Policy (Section 4) of the Board of Directors, and their related responsibility to inform the Board of Directors of any conflict which may inhibit their ability to act in the best interest of the Corporation. The Code of Ethics also addresses the responsibility for the annual certification and disclosure of any financial interest (Section 6) that a Board member may have with a third-party contracted vendor or company associated with the Corporation. The Code of Ethics is continuously monitored for compliance throughout the year.

Governing documents etc available to public Part VI line 19

The governing documents of the Aliquippa Economic Development Corporation (Form 1023, Form 990, Code of Ethics, By-Laws) is available for review upon request from the general public.

Filing and Contact Details

Filer

Filer Name
Aliquippa Economic Development Corporation
EIN
46-4288382
In Care Of
% Cindy Gormley
Phone
7242011671
Address
1835 Davidson Street, Aliquippa, PA 15001

Signing Officer

Name
Cindy Gormley
Title
Director
Phone
7242011671
Signed
2025-11-08
Discuss with paid preparer
No

Organization Details

Principal Officer
Donald Walker III
Formed
2014
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Firm
Mark C Turnley CPA
Address
1000 3rd Avenue, New Brighton, PA 15066
Preparer
Mark C Turnley CPA
Phone
7243841081
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

The Other Fees for Services total of $35,875 is comprised of the following amounts: Engineering Fees $ 660 Community Services 2,650 Veterans Memorial - Maintenance & Consulting 19,680 Gardens Beautification Project/Food Growing Program 10,250 Community Services - Other Service Expense 2,635

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Donald Walker who serves as the Chairman for the Aliquippa Economic Development Corporation (AEDC), and Dwan Walker who serves as a Director for the AEDC, are siblings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Aliquippa Economic Development Corporation (AEDC) entered into a contract with the Beaver County Economic Development Corporation for professional management and consulting services to achieve the mission purpose of the AEDC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Aliquippa Economic Development Corporation conducts regular monthly meetings of its Board of Directors and documents the content of those meetings in writing for approval at the subsequent months Board of Director meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Aliquippa Economic Development Corporation does not have separate committees to act on behalf of the Board of Directors. Decisions of the Corporation are approved and documented by the whole of the Board of Directors at their regularly scheduled monthly meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Aliquippa Economic Development Corporations Form 990 is prepared by an independent certified public accounting firm and reviewed by the Assistant Secretary and the Board of Directors prior to submission to the Internal Revenue Service (IRS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Aliquippa Economic Development Corporation has a formalized written Code of Ethics, which among other areas, specifically describes the Conflict of Interest Policy (Section 4) of the Board of Directors, and their related responsibility to inform the Board of Directors of any conflict which may inhibit their ability to act in the best interest of the Corporation. The Code of Ethics also addresses the responsibility for the annual certification and disclosure of any financial interest (Section 6) that a Board member may have with a third-party contracted vendor or company associated with the Corporation. The Code of Ethics is continuously monitored for compliance throughout the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The governing documents of the Aliquippa Economic Development Corporation (Form 1023, Form 990, Code of Ethics, By-Laws) is available for review upon request from the general public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Other Fees for Services total of $35,875 is comprised of the following amounts: Engineering Fees $ 660 Community Services 2,650 Veterans Memorial - Maintenance & Consulting 19,680 Gardens Beautification Project/Food Growing Program 10,250 Community Services - Other Service Expense 2,635
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CINDY GORMLEY
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ReturnHeader/ReturnTs02025-11-11T09:51:53-05:00
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ReturnHeader/TaxYr02024

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