UPGRADE DEVELOPMENT CORPORATION (EIN 237023935) - 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

1968

Legal Domicile

Principal Officer

Gene Gathers

Phone

3096764717

Tax Period

2024-10-01 to 2025-09-30

Mission

Rental of Low to Moderate Income Housing, subsided by HUD. As of January 2020, rental apartments have been sold and now owns no physical property.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$2,100	-1.0%
Expenses	N/A	$3,043	-1.0%
Net Income	N/A	$-943	N/A

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

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Stephen Cantrell	Board Member	Director	$0	$0	$0
Julie Comfort	Board Member	Director	$0	$0	$0
Marvin Hightower	Board Member	Director	$0	$0	$0
William Lervaag	Board Member	Director	$0	$0	$0
Jeffrey Randolph	Board Member	Director	$0	$0	$0
Bradley Sain	Board Member	Director	$0	$0	$0
Terry Cunefare	Board President	Officer Director	$0	$0	$0
Bea Cagle	Board Vice President	Officer Director	$0	$0	$0
Mark Gamage	Board Treasurer	Officer Director	$0	$0	$0
Mike Hamilton	Board Member	Director	$0	$0	$0
Ken Sunderland	Board Member	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	$500,168	No data
2024	$2,100	$3,043	$500,168	$-943
2023	No data	$476	$506,798	No data
2022	No data	$40	$500,656	No data
2021	$658	$10	$500,696	$648
2020	$41,482	$-1,813,307	$500,048	$1,854,789

UPGRADE DEVELOPMENT CORPORATION