DREXEL DEVELOPMENT CORPORATION INC (EIN 237448537) - 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

1975

Legal Domicile

Principal Officer

HERBERT E THOMAS

Phone

4176244144

Tax Period

2023-01-01 to 2023-12-31

DREXEL DEVELOPMENT CORPORATION INC, founded in 1975, is a small nonprofit that reported $322K in total revenue in fiscal year 2023.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS

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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 $0

Program Service Revenue $287,693

Investment Income $25,988

Other Revenue $8,070

TOTAL REVENUE $321,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,374

Fundraising Expenses $0

Program Expenses $281,519

Other Expenses $270,657

TOTAL EXPENSES $319,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$321,751	$305,810	+0.1%
Expenses	$319,031	$355,069	-0.1%
Net Income	$2,720	$-49,259	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANITA BROWN	MEMBER	1.00	Director	$0	$0	$0
SANDRA NELSON	VICE PRESIDE	1.00	Officer	$0	$0	$0
NANCY NICKELL	SECRETARY/TR	1.00	Officer	$0	$0	$0
HERBERT E THOMAS	PRESIDENT	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$321,751	$319,031	$604,811	$2,720
2022	$305,810	$355,069	$619,577	$-49,259
2021	$300,027	$307,214	$662,650	$-7,187
2020	$293,081	$299,867	$676,682	$-6,786
2019	$284,990	$309,663	$687,545	$-24,673
2018	$283,007	$273,093	$700,446	$9,914

DREXEL DEVELOPMENT CORPORATION INC