True Community Development Corporation (EIN 043754904) - 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

2003

Legal Domicile

Principal Officer

Janice McKinnie

Phone

7168957019

Tax Period

2023-01-01 to 2023-12-31

True Community Development Corporation, founded in 2003, is a micro nonprofit in the Human Services sector that reported $87K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $112K exceeded revenue, resulting in a 29% operating deficit.

Mission

The mission of the TCDC is to function as a development engine committed to providing faith-based leadership, housing, and human service, which will serve as a foundation for revitalization and restoration of under-served and underutilized communities.

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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 $12,808

Program Service Revenue $69,818

Investment Income $59

Other Revenue $3,963

TOTAL REVENUE $86,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,751

Fundraising Expenses $0

Program Expenses $100,468

Other Expenses $79,230

TOTAL EXPENSES $111,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,648	$110,351	-0.2%
Expenses	$111,981	$134,803	-0.2%
Net Income	$-25,333	$-24,452	+0.0%

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

$33,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janice McKinnie	Executive Director	40.00	Officer	$33,150	$0	$33,150
Karen Williams	President	2.50	Officer Director	$0	$0	$0
Jacqueline Rushton	VP/ Treasurer	2.50	Officer Director	$0	$0	$0
Tyana Williams	Secretary	2.50	Officer Director	$0	$0	$0
Luther Walker	Director	2.50	Director	$0	$0	$0
Lenora Foote-Beavers	Director	2.50	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	No data	No data	No data	No data
2023	$86,648	$111,981	$511,349	$-25,333
2022	$110,351	$134,803	$582,440	$-24,452
2021	$184,226	$156,890	$656,295	$27,336
2020	$111,935	$120,889	$608,685	$-8,954
2019	$237,528	$1,018,056	$969,531	$-780,528
2018	$709,763	$266,999	$1,413,966	$442,764

True Community Development Corporation