THE RESOURCEINC FOR COMMUNITY AND ECONOMIC DEVELOPMENT (EIN 043191352) - 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

1994

Legal Domicile

Principal Officer

CYNTHIA HORGAN

Phone

5087604900

Tax Period

2024-07-01 to 2025-06-30

THE RESOURCEINC FOR COMMUNITY AND ECONOMIC DEVELOPMENT, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $5.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE GRANT WRITING AND ADMINISTRATION TO GOVERNMENTAL ENTITIES, CREATING AND REHABILITATING AFFORDABLE HOUSING UNITS, ECONOMIC DEVELOPMENT, AND SOCIAL SERVICES TO THE COMMUNITY.

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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 $4,335,769

Program Service Revenue $1,020,896

Investment Income $31

Other Revenue $1,711

TOTAL REVENUE $5,358,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $568,332

Fundraising Expenses $0

Program Expenses $5,421,388

Other Expenses $4,959,192

TOTAL EXPENSES $5,527,524

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,358,407	$5,576,893	0.0%
Expenses	$5,527,524	$6,104,070	-0.1%
Net Income	$-169,117	$-527,177	-0.7%

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

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

$194,865

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA HORGAN	PRESIDENT	10.00	Officer Director	$0	$0	$0
PAMELA SMITH	CLERK/ TREAS	2.00	Officer Director	$0	$0	$0
KAREN BURNS	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA VINCENT	EXECUTIVE DI	40.00	Key Emp	$194,865	$0	$194,865

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	$5,358,407	$5,527,524	$3,908,908	$-169,117
2024	$5,576,893	$6,104,070	$4,108,292	$-527,177
2023	$4,312,964	$4,223,261	$2,151,174	$89,703
2022	$3,152,233	$3,204,281	$2,064,773	$-52,048
2021	$3,002,058	$2,995,124	$1,953,128	$6,934
2019	$2,803,345	$2,415,977	$1,992,040	$387,368
2018	$1,810,985	$1,864,459	$6,293,704	$-53,474

THE RESOURCEINC FOR COMMUNITY AND ECONOMIC DEVELOPMENT