HILLIARD DEVELOPMENT CORPORATION (EIN 201239966) - 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

2004

Legal Domicile

Principal Officer

DAVID MEADOWS

Phone

6143342357

Tax Period

2023-01-01 to 2023-12-31

HILLIARD DEVELOPMENT CORPORATION, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $601K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $229K, a strong 38% operating margin.

Mission

ADVANCE, ENCOURAGE AND PROMOTE THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIC DEVELOPMENT OF THE CITY OF HILLIARD.

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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 $355,689

Program Service Revenue $0

Investment Income $245,007

Other Revenue $0

TOTAL REVENUE $600,696

Expense Breakdown

Grants Paid $299,691

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $72,132

TOTAL EXPENSES $371,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$600,696	$1,041,386	-0.4%
Expenses	$371,823	$969,647	-0.6%
Net Income	$228,873	$71,739	+2.2%

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
MARK TREMAYNE	PRESIDENT	N/A	Officer Director	$0	$0	$0
MICHELLE CRANDALL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ARISTOTLE HUTRAS	BOARD MEMBER	N/A	Director	$0	$0	$0
LES CARRIER	BOARD MEMBER	N/A	Director	$0	$0	$0
DUANE POWELL	BOARD MEMBER	N/A	Director	$0	$0	$0
MATT VANVLEET	BOARD MEMBER	N/A	Director	$0	$0	$0
JOY GALLO	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID MEADOWS	SECRETARY	N/A	Officer	$0	$0	$0
GREG TANTARI	TREASURER	N/A	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	$600,696	$371,823	$1,082,009	$228,873
2022	$1,041,386	$969,647	$843,335	$71,739
2021	$320,430	$220,200	$765,625	$100,230
2020	$405,161	$293,048	$666,286	$112,113
2018	$613,874	$67,709	$689,905	$546,165

HILLIARD DEVELOPMENT CORPORATION