Urban Resources Development Corporation (EIN 232017912) - 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

1995

Legal Domicile

Principal Officer

Charlie McGloughlin

Phone

2156801175

Tax Period

2018-01-01 to 2018-12-31

Urban Resources Development Corporation, founded in 1995, is a micro nonprofit in the Community Improvement sector that reported $69K in total revenue in fiscal year 2018. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 25% operating margin.

Mission

Organization continues program for repair of owner-occupied homes, assisting low income & elderly homeowners requiring repairs to their homes. Also provides (2) rental properties to low-income tenants. Net rents provide funding for repair program.

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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 (2018)

Revenue Breakdown

Contributions & Grants $61,705

Program Service Revenue $0

Investment Income $0

Other Revenue $7,752

TOTAL REVENUE $69,457

Expense Breakdown

Grants Paid $32,644

Salaries & Benefits $10,730

Fundraising Expenses $0

Program Expenses $37,337

Other Expenses $8,526

TOTAL EXPENSES $51,900

Year-over-Year Comparison

	2018	2017	Change
Revenue	$69,457	$37,219	+0.9%
Expenses	$51,900	$38,793	+0.3%
Net Income	$17,557	$-1,574	-12.2%

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

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

$445

Total Directors

$6,770

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Treasurer	3.00	Officer Director	$445	$0	$445
Michelle Brix	Secretary	1.00	Officer Director	$0	$0	$0
Barbara McDermott	Vice President	2.00	Officer Director	$0	$0	$0
Charles	McGoughlion	2.00	Officer Director	$0	$0	$0
Joseph Waldo	Executive Dir	20.00	Director	$6,325	$0	$6,325

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
2018	$69,457	$51,900	$179,376	$17,557

Urban Resources Development Corporation