FAIRMOUNT COMMUNITY DEVELOPMENT COR

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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

1999

Legal Domicile

Principal Officer

PATRICK SHERLOCK

Tax Period

2023-07-01 to 2024-06-30

FAIRMOUNT COMMUNITY DEVELOPMENT COR, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $360K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $402K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO FOSTER THE IMPROVEMENT OF THE RESIDENTIAL, COMMERCIAL, AND SOCIAL FABRIC OF THE FAIRMOUNT NEIGHBORHOOD WHILE PRESERVING ITS CHARACTER AND DIVERSITY BY FOSTERING A VIBRANT LOCAL ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $245,623 Revenue: $48,598

FAIRMOUNT CDC'S MISSION TO FOSTER THE IMPROVEMENT OF THE RESIDENTIAL, COMMERCIAL, AND SOCIAL FABRIC OF THE FAIRMOUNT NEIGHBORHOOD, WHILE PRESERVING ITS CHARACTER AND DIVERSITY IS ACCOMPLISHED THROUGH FOUR PRIMARY FOCUS AREAS: 1) FOSTERING A VIBRANT LOCAL ECONOMY THROUGH SMALL BUSINESS DEVELOPMENT; 2) ENHANCING THE PHYSICAL ENVIRONMENT; 3) ENGAGING RESIDENTS TO BUILD COMMUNITY; AND 4) FACILITATING RESEARCH TO PLAN FOR THE FUTURE

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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 $284,845

Program Service Revenue $48,598

Investment Income $0

Other Revenue $26,310

TOTAL REVENUE $359,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,756

Fundraising Expenses $16,127

Program Expenses $245,623

Other Expenses $275,628

TOTAL EXPENSES $402,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,753	$623,034	-0.4%
Expenses	$402,384	$249,100	+0.6%
Net Income	$-42,631	$373,934	-1.1%

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

150

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

$71,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK SHERLOCK	EXEC DIRECTO	40.00	Officer	$71,250	$0	$71,250
NYRON CRAWFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
MINO CRUZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DENNIS CZERW	BOARD MEMBER	2.00	Director	$0	$0	$0
JEANINE DANKOFF	LEGAL COUNSE	2.00	Director	$0	$0	$0
SHAWN DUFF	BOARD MEMBER	2.00	Director	$0	$0	$0
DENA EPSTEIN	TREASURER	2.00	Officer Director	$0	$0	$0
PATRICK GRIFFIN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER DANNY HOSEIN	SECRETARY	2.00	Officer Director	$0	$0	$0
AARON KELLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC MOORE	VICE PRESIDE	2.00	Director	$0	$0	$0
ERIN ROARK	BOARD MEMBER	2.00	Director	$0	$0	$0
HEIDI SIEGEL	PRESIDENT	2.00	Officer Director	$0	$0	$0
KARA WILLIAMSON	BOARD MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	$359,753	$402,384	$914,294	$-42,631
2023	$623,034	$249,100	$951,088	$373,934
2022	$324,266	$215,167	$394,032	$109,099
2021	$212,779	$209,864	$305,927	$2,915
2020	$156,875	$195,627	$200,696	$-38,752
2019	$226,755	$183,198	$216,882	$43,557
2018	$185,775	$185,167	$166,065	$608