Union Development Corporation (EIN 020683218) - 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

2012

Legal Domicile

Phone

4697797121

Tax Period

2024-01-01 to 2024-12-31

Union Development Corporation, founded in 2012, is a small nonprofit in the Human Services sector that reported $864K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

To deliver community programming that uses dialogue, relationship building events, youth activities, and public education to build and sustain a stronger, more united community as it relates to racial relations including between law enforcement and citizens.

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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 $863,876

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $863,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,860

Fundraising Expenses $12,608

Program Expenses $665,915

Other Expenses $438,481

TOTAL EXPENSES $843,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$863,876	$786,017	+0.1%
Expenses	$843,949	$795,235	+0.1%
Net Income	$19,927	$-9,218	-3.2%

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

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

$82,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richie Butler	Director	40.00	Officer	$82,500	$0	$82,500
Charlene Edwards	Director of Programs	40.00		$78,250	$0	$78,250
William Morse JR	Dir. of Operations & Finance	40.00		$74,750	$0	$74,750
Almas Muscatwalla	Chairman	1.00	Director	$0	$0	$0
Eric Ochel	Treasurer	1.00	Director	$0	$0	$0
Rhetta Bowers	Director	1.00	Director	$0	$0	$0
Jeffery Meade	Director	1.00	Director	$0	$0	$0
Matthew Ruffner	Director	1.00	Director	$0	$0	$0
Emiel Hill	Director	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
2024	$863,876	$843,949	$561,141	$19,927
2023	$786,017	$795,235	$535,330	$-9,218
2022	$809,977	$684,834	$548,181	$125,143
2021	$582,330	$632,429	$432,510	$-50,099
2021	$582,330	$700,929	$432,510	$-118,599
2020	$709,624	$566,160	$506,198	$143,464
2019	$414,876	$152,781	$343,887	$262,095

Union Development Corporation