MONTGOMERY COUNTY DEVELOPMENT CORP… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

JOCELYN GALLAGHER

Phone

6102785950

Tax Period

2019-01-01 to 2019-12-31

MONTGOMERY COUNTY DEVELOPMENT CORPORATION, founded in 1984, is a small nonprofit that reported $118K in total revenue in fiscal year 2019. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $38K, a strong 32% operating margin.

Mission

MCDC'S MISSION IS TO PROMOTE THE GROWTH OF BUSINESS, INDUSTRY AND CIVIC WELFARE IN MONTGOMERY COUNTY AND TO FACILITATE THE EXCHANGE OF INFORMATION BETWEEN AND AMONG BUSINESSES, INDUSTRY AND THE GOVERNMENTAL INSTITUTIONS.

Program Service Accomplishments

Program 1

Expenses: $68,431 Revenue: $27,483

MCDC IS THE CERTIFIED ECONOMIC DEVELOPMENT ORGANIZATION FOR THE COUNTY OF MONTGOMERY. MCDC ADMINISTERS THE MONTGOMERY COUNTY LOAN PROGRAM, PIDA LOANS, WORKS WITH DCED AND THE MONTGOMERY COUNTY...

MCDC IS THE CERTIFIED ECONOMIC DEVELOPMENT ORGANIZATION FOR THE COUNTY OF MONTGOMERY. MCDC ADMINISTERS THE MONTGOMERY COUNTY LOAN PROGRAM, PIDA LOANS, WORKS WITH DCED AND THE MONTGOMERY COUNTY COMMERCE DEPARTMENT TO SUPPORT THE GROWTH OF BUSINESS WITH LOW INTEREST FINANCING. MCDC SUPPORTS THE GROWTH OF BUSINESS IN MONTGOMERY COUNTY BY PARTNERING WITH THE MONTGOMERY COUNTY COMMERCE DEPARTMENT. MCDC ALSO ORGANIZES AND HOSTS EDUCATIONAL EVENTS FOR ITS MEMBERSHIP AS WELL AS VARIOUS EVENTS TO HELP PROMOTE ECONOMIC DEVELOPMENT.

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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 (2019)

Revenue Breakdown

Contributions & Grants $90,664

Program Service Revenue $27,483

Investment Income $0

Other Revenue $0

TOTAL REVENUE $118,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,867

Fundraising Expenses $0

Program Expenses $68,431

Other Expenses $54,638

TOTAL EXPENSES $80,505

Year-over-Year Comparison

	2019	2018	Change
Revenue	$118,147	$420,039	-0.7%
Expenses	$80,505	$143,275	-0.4%
Net Income	$37,642	$276,764	-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

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
JERRY GORSKI	CHAIR	2.00	Officer Director	$0	$0	$0
JUDY E SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
BARRY COHEN	SECRETARY	0.25	Officer Director	$0	$0	$0
MICHAEL VERRILL	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DR BRIAN REGLI	BOARD MEMBER	0.25	Director	$0	$0	$0
PHILIP T BURKETT	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL BOWMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID R CREWS	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID DORMONT	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP T EASTMAN JR	BOARD MEMBER	0.25	Director	$0	$0	$0
JAMES FENDRICK	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL COLONNELLO	BOARD MEMBER	0.25	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
2019	$118,147	$80,505	$1,322,239	$37,642
2018	$420,039	$143,275	$1,336,418	$276,764

MONTGOMERY COUNTY DEVELOPMENT CORPORATION