FREDERICK DEVELOPMENT CORPORATION

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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

1972

Legal Domicile

Principal Officer

CHRIS SUMPTION

Phone

6052520893

Tax Period

2025-01-01 to 2025-12-31

FREDERICK DEVELOPMENT CORPORATION, founded in 1972, is a small nonprofit that reported $126K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year. Expenses of $156K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE COMMUNITY WITH RENTALS AND FUEL TO THE COMMUNITY WITH GAS PUMPS. TO HELP FREDERICK GROW TO SUSTAIN THE SCHOOL AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $88,206 Revenue: $94,731

RESIDENTIAL RENTALS

Program 2

Expenses: $57,692 Revenue: $50,400

GAS PUMPS/STATION RENTAL

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $145,131

Investment Income $-19,311

Other Revenue $0

TOTAL REVENUE $125,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,679

Fundraising Expenses $0

Program Expenses $145,898

Other Expenses $147,144

TOTAL EXPENSES $155,823

Year-over-Year Comparison

	2025	2024	Change
Revenue	$125,820	$143,440	-0.1%
Expenses	$155,823	$153,395	+0.0%
Net Income	$-30,003	$-9,955	+2.0%

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

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
MARK CUTLER	BOARD MEMBER	N/A	Director	$0	$0	$0
DOUG BRAA	BOARD MEMBER	N/A	Director	$0	$0	$0
HEIDI MARTTILA-LOSURE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHRIS SUMPTION	PRESIDENT	N/A	Officer Director	$0	$0	$0
KEVIN BARTON	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMIE HART	SECRETARY/TR	N/A	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
2025	$125,820	$155,823	$812,324	$-30,003
2024	$143,440	$153,395	$1,151,299	$-9,955
2023	$146,284	$149,635	$1,488,726	$-3,351
2022	$141,937	$139,728	$1,188,866	$2,209
2021	$159,257	$120,914	$1,061,437	$38,343
2020	$107,490	$103,484	$966,553	$4,006