SUGAR HILL DEVELOPMENT CORPORATION

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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

BRENT REYNOLDS

Phone

6073240773

Tax Period

2023-01-01 to 2023-12-31

SUGAR HILL DEVELOPMENT CORPORATION, founded in 1994, is a micro nonprofit in the Community Improvement sector that reported $2 in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $151 exceeded revenue, resulting in a 7450% operating deficit.

Mission

TO ENCOURAGE LOCATION AND EXPANSION OF INDUSTRIAL AND MANUFACTURING CAPACITY IN THE COMMUNITY AND THE CREATION OF NEW AND IMPROVED JOB OPPORTUNITIES

Program Service Accomplishments

Program 1

DEVELOPMENT AND OPERATION OF AN INDUSTRIAL PARK

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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 $2

Other Revenue $0

TOTAL REVENUE $2

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $151

TOTAL EXPENSES $151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2	$3	-0.3%
Expenses	$151	$1,171	-0.9%
Net Income	$-149	$-1,168	-0.9%

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
BRENT REYNOLDS	PRESIDENT	0.00	Officer Director	$0	$0	$0
CHARLES JESSUP	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
ROBERT HEINEMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
WILLIAM HALL	BOARD MEMBER	N/A	Director	$0	$0	$0
LARRY SHILLING	BOARD MEMBER	N/A	Director	$0	$0	$0
KEVIN LAFORGE	BOARD MEMBER	N/A	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	$2	$151	$308,396	$-149
2022	$3	$1,171	$306,045	$-1,168
2021	$3	$2,311	$307,213	$-2,308
2020	No data	$1,356	$309,521	No data
2019	$-156,538	$1,482	$340,420	$-158,020
2018	No data	$1,892	$525,350	No data