MANCHESTER DEVELOPMENT CORPORATION (EIN 020372894) - 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

1965

Legal Domicile

Principal Officer

AMY CHHOM

Phone

6036246505

Tax Period

2023-07-01 to 2024-06-30

MANCHESTER DEVELOPMENT CORPORATION, founded in 1965, is a small nonprofit that reported $141K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136K, a strong 96% operating margin.

Mission

THE CORPORATION PROVIDES THE CITY OF MANCHESTER WITH ECONOMIC DEVELOPMENT SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $37,769

Investment Income $103,212

Other Revenue $0

TOTAL REVENUE $140,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,745

Other Expenses $5,266

TOTAL EXPENSES $5,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,981	$95,197	+0.5%
Expenses	$5,266	$103,312	-0.9%
Net Income	$135,715	$-8,115	-17.7%

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
KYLE BAKER	MEMBER	1.00	Director	$0	$0	$0
HEATHER MCGRAIL	MEMBER	1.00	Director	$0	$0	$0
AMY CHHOM	CHAIR	1.00	Officer	$0	$0	$0
STEVE F SCHEINER	TREASURER	1.00	Officer	$0	$0	$0
ROLAND MARTIN	VICE CHAIR	1.00	Director	$0	$0	$0
MARIA MONGAN	SECRETARY	1.00	Director	$0	$0	$0
PAT LONG	MEMBER	1.00	Director	$0	$0	$0
JOSH WRIGHT	MEMBER	1.00	Director	$0	$0	$0
REBECCA KANE	MEMBER	1.00	Director	$0	$0	$0
MICHAEL HARRINGTON	MEMBER	1.00	Director	$0	$0	$0
CHRIS MORGAN	MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$140,981	$5,266	$4,239,775	$135,715
2023	$95,197	$103,312	$4,103,010	$-8,115
2022	$43,289	$4,072	$4,111,125	$39,217
2021	$48,017	$26,086	$4,071,908	$21,931
2020	$84,628	$348,336	$4,049,977	$-263,708
2019	$101,253	$65,271	$4,551,340	$35,982

MANCHESTER DEVELOPMENT CORPORATION