MCMILLAN EDC CORP (EIN 020580709) - 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

2002

Legal Domicile

Principal Officer

MICHAEL URBIS

Phone

9069882586

Tax Period

2023-10-01 to 2024-09-30

MCMILLAN EDC CORP, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $61 in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $2K exceeded revenue, resulting in a 2861% operating deficit.

Mission

TOWNSHIP ECONOMIC DEVELOPMENT

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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 $0

Investment Income $61

Other Revenue $0

TOTAL REVENUE $61

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,506

Other Expenses $1,806

TOTAL EXPENSES $1,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61	$101	-0.4%
Expenses	$1,806	$1,998	-0.1%
Net Income	$-1,745	$-1,897	-0.1%

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
RUTH FORS	TREASURER	N/A	Officer Director	$0	$0	$0
CAROL HICKS MAKI	DIRECTOR	N/A	Officer Director	$0	$0	$0
JAMES OJALA	DIRECTOR	N/A	Officer Director	$0	$0	$0
KAY RICHTER	SECRETARY	N/A	Officer Director	$0	$0	$0
DANIEL STAFF SR	DIRECTOR	N/A	Officer Director	$0	$0	$0
ALAN TULPPO	DIRECTOR	N/A	Officer Director	$0	$0	$0
MICHAEL URBIS	PRESIDENT	N/A	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	$61	$1,806	$141,235	$-1,745
2023	$101	$1,998	$142,980	$-1,897
2022	$62	$1,629	$144,877	$-1,567
2021	$133	$1,852	$146,444	$-1,719
2020	$-159,614	$11,179	$148,165	$-170,793
2019	$19,237	$17,405	$416,477	$1,832

MCMILLAN EDC CORP