UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION (EIN 200187700) - 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

ZACH TERHUNE

Phone

9017664223

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $137K in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $129K left a modest 6% surplus.

Mission

THE UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION SEEKS TO BUILD A THRIVING CAMPUS AND COMMUNITY ENVIRONMENT BY IMPROVING THE PHYSICAL AND ECONOMIC INFRASTRUCTURE OF THE NEIGHBORHOODS SURROUNDING THE UNIVERSITY OF MEMPHIS AND BY ENCOURAGING AND STRENGTHENING PARTNERSHIPS AMONG UNIVERSITY DISTRICT STAKEHOLDERS.

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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 $117,656

Program Service Revenue $0

Investment Income $714

Other Revenue $18,204

TOTAL REVENUE $136,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $128,480

Other Expenses $128,574

TOTAL EXPENSES $128,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,574	$75,074	+0.8%
Expenses	$128,574	$63,247	+1.0%
Net Income	$8,000	$11,827	-0.3%

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

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
MICHAEL KEENEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW PRINCE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ZACH TERHUNE	TREASURER	1.00	Officer Director	$0	$0	$0
CECIL HUMPHREYS JR	SECRETARY	1.00	Officer Director	$0	$0	$0
RENE BUSTAMANTE	DIRECTOR	1.00	Director	$0	$0	$0
GREG DOTSON	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA GALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
JOSH HAMMOND	DIRECTOR	1.00	Director	$0	$0	$0
TOM HAYES	DIRECTOR	1.00	Director	$0	$0	$0
AMELIA MAYAHI	DIRECTOR	1.00	Director	$0	$0	$0
HENRY MINOR	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SHAFFZIN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN STARLING	DIRECTOR	1.00	Director	$0	$0	$0
CODY FLETCHER	EXECUTIVE DIRECTOR	5.00	Officer	$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	$136,574	$128,574	$43,798	$8,000
2022	$75,074	$63,247	$35,798	$11,827
2021	$527,103	$531,398	$23,971	$-4,295
2020	$107,983	$120,552	$28,266	$-12,569
2019	$407,577	$399,322	$40,835	$8,255

UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION