MADELINE CORPORATION (EIN 223425741) - 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

1996

Legal Domicile

Phone

2019443222

Tax Period

2024-01-01 to 2024-12-31

MADELINE CORPORATION, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. The organization ran a surplus of $821K, a strong 51% operating margin.

Mission

TO IMPROVE QUALITY OF RESIDENTIAL LIFE OF LOW AND MODERATE INCOME FAMILIES BY PROVIDING DECENT, SAFE, AND AFFORDABLE HOUSING.

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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 $0

Program Service Revenue $219,786

Investment Income $0

Other Revenue $1,390,874

TOTAL REVENUE $1,610,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,565

Fundraising Expenses $0

Program Expenses $635,717

Other Expenses $591,374

TOTAL EXPENSES $789,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,610,660	$1,501,327	+0.1%
Expenses	$789,939	$586,598	+0.3%
Net Income	$820,721	$914,729	-0.1%

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

$58,441

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARI DEPALMA	DIRECTOR	40.00	Key Emp	$58,441	$0	$58,441
CHRISTOPHER DEPALMA	SECRETARY	5.00	Officer	$0	$0	$0
EMILY DEPALMA	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
MADELINE DEPALMA	PRESIDENT	5.00	Officer	$0	$0	$0
TIM RAIMONDO	TREASURER	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	$1,610,660	$789,939	$28,764,694	$820,721
2023	$1,501,327	$586,598	$27,958,270	$914,729
2022	$2,807,333	$541,045	$27,055,443	$2,266,288
2021	$2,737,720	$558,556	$24,799,333	$2,179,164
2020	$7,433,515	$447,093	$22,648,264	$6,986,422
2019	$4,429,487	$409,643	$15,539,560	$4,019,844
2018	$2,594,592	$298,647	$11,488,939	$2,295,945

MADELINE CORPORATION