GREATER MOUNT CARMEL DEVELOPME CORPORATION (EIN 020531034) - 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

2000

Legal Domicile

Principal Officer

DEMETRIA MERRITT-BELL

Phone

8133820531

Tax Period

2024-01-01 to 2024-12-31

GREATER MOUNT CARMEL DEVELOPME CORPORATION, founded in 2000, is a micro nonprofit in the Human Services sector that reported $15K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $19K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROMOTE POSITIVE COMMUNITY DEVELOPMENT THROUGH THE PROVISION OF SERVICES TO SENIOR CITIZENS CHILDREN, YOUTH, DISADVANTAGED ADULTS AND THE UNEMPLOYED OR UNDER

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,087

Investment Income $311

Other Revenue $0

TOTAL REVENUE $15,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,942

Other Expenses $18,942

TOTAL EXPENSES $18,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,398	$44,487	-0.7%
Expenses	$18,942	$38,517	-0.5%
Net Income	$-3,544	$5,970	-1.6%

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

N/A

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
DEMETRIA MERRI	DIRECTOR	4	Officer Director	$0	$0	$0
WILLIE MILLER	DIRECTOR	4	Officer Director	$0	$0	$0
GAYNELLE DIXON	SECRETARY DIR	4	Officer Director	$0	$0	$0
BRYANT FAYSON	DIRECTOR	4	Officer Director	$0	$0	$0
PATRICIA HALL	EXECUTIVE CONS	4	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
2024	$15,398	$18,942	$22,360	$-3,544
2023	$44,487	$38,517	$25,904	$5,970
2022	$44,747	$46,504	$19,935	$-1,757
2021	$29,939	$36,983	$21,406	$-7,044
2020	$38,511	$33,875	$28,449	$4,636
2019	$45,233	$42,493	$23,813	$2,740
2018	$17,743	$18,363	$21,073	$-620

GREATER MOUNT CARMEL DEVELOPME CORPORATION