Rowan Development Inc (EIN 232787674) - 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

1994

Legal Domicile

Principal Officer

Kimberly Lloyd

Phone

2159275010

Tax Period

2020-07-01 to 2021-06-30

Rowan Development Inc, founded in 1994, is a small nonprofit that reported $630K in total revenue in fiscal year 2020. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $623K, a strong 99% operating margin.

Mission

HOLD TITLE TO PROPERTY AND COLLECT INCOME FOR THE BENEFIT OF OGONTZ AVENUE REVITALIZATION CORPORATION, A 501 (C)(3) TAX EXEMPT ORGANIZATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $630,492

Other Revenue $0

TOTAL REVENUE $630,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,421

TOTAL EXPENSES $7,421

Year-over-Year Comparison

	2020	2019	Change
Revenue	$630,492	$348,000	+0.8%
Expenses	$7,421	$497,083	-1.0%
Net Income	$623,071	$-149,083	-5.2%

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

$258,998

Total Directors

$258,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimberly LLoyd	President/CEO - Member	1.0	Officer Director	$0	$5,096	$258,998
Deason Michael Bennett	Treasurer - Member	1.0	Officer Director	$0	$0	$0
Phyllis Benson	Secretary - Member	1.0	Officer Director	$0	$0	$0
Dr Mujahid Nyahuma	Board Chair - Member	1.0	Officer 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
2021	$630,492	$7,421	$6,801	$623,071
2020	$348,000	$497,083	$14,222	$-149,083
2019	$665,202	$204,011	$546,649	$461,191
2018	$1,745,808	$92,954	$634,547	$1,652,854

Rowan Development Inc