MADISON PARK ECONOMIC DEVELOPMENT CORP (EIN 043126706) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

INGRID TUCKER

Phone

6175413900

Tax Period

2023-01-01 to 2023-12-31

MADISON PARK ECONOMIC DEVELOPMENT CORP, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE SUPPORT FOR ECONOMIC REVITALIZATION IN THE ROXBURY, MASSACHUSETTS AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $138,794

Program Service Revenue $1,125,346

Investment Income $481

Other Revenue $0

TOTAL REVENUE $1,264,621

Expense Breakdown

Grants Paid $2,208

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,544,548

Other Expenses $1,552,747

TOTAL EXPENSES $1,554,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,264,621	$1,464,155	-0.1%
Expenses	$1,554,955	$1,598,956	0.0%
Net Income	$-290,334	$-134,801	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$578,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AYANNA HINES	DIRECTOR	1.00	Director	$0	$0	$0
CHANDA K SMART	DIRECTOR	1.00	Director	$0	$0	$0
DEAYNE WATTS	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA E BROOKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
IVELISE RIVERA	TREASURER	1.00	Officer Director	$0	$0	$0
LISA MORISHANTI	DIRECTOR	1.00	Director	$0	$0	$0
MALIK AZIZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
NINA RUFF	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT L TERRELL	DIRECTOR	1.00	Director	$0	$0	$0
SONRISA HAYNES	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA LYNN AWKWARD	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN BARNES	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$16,338	$169,869
INTIYA AMBROGI-ISAZA	VICE PRESIDENT REAL ESTATE	40.00	Officer	$0	$27,332	$189,248
LESLIE A REID	CHIEF EXECUTIVE OFFICER	40.00	Officer	$0	$27,318	$219,293

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	No data	No data	No data	No data
2023	$1,264,621	$1,554,955	$3,915,880	$-290,334
2022	$1,464,155	$1,598,956	$4,796,223	$-134,801
2021	$1,378,057	$1,561,912	$5,131,696	$-183,855
2020	$770,146	$866,659	$4,155,469	$-96,513
2019	$777,810	$896,537	$4,245,212	$-118,727
2018	$483,856	$857,030	$4,200,306	$-373,174

MADISON PARK ECONOMIC DEVELOPMENT CORP