East Liberty Development Inc (EIN 251370668) - 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

1979

Legal Domicile

Principal Officer

Patrice Fowler-Searcy

Tax Period

2023-01-01 to 2023-12-31

East Liberty Development Inc, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 55% operating deficit.

Mission

Community development to foster revitalization of East Liberty

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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 $629,099

Program Service Revenue $52,407

Investment Income $371,055

Other Revenue $86,153

TOTAL REVENUE $1,138,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $919,004

Fundraising Expenses $252,210

Program Expenses $1,080,347

Other Expenses $847,944

TOTAL EXPENSES $1,766,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,138,714	$777,821	+0.5%
Expenses	$1,766,948	$1,550,285	+0.1%
Net Income	$-628,234	$-772,464	-0.2%

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

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

$358,462

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maelene J Myers	Executive Director	40.00	Officer	$140,754	$0	$140,754
William Schwab	Investment Officer	40.00	Officer	$115,008	$0	$115,008
Scott Dillon	Director of Finance and Admin	40.00	Officer	$102,700	$0	$102,700
LaMarcus Thurman	Member	1.00	Director	$0	$0	$0
Chad Restori	Member	1.00	Director	$0	$0	$0
Rebecca Gloniger	Member	1.00	Director	$0	$0	$0
Charles Peterson	Member	1.00	Director	$0	$0	$0
Marie Wilkerson	Member	1.00	Director	$0	$0	$0
Lenore Williams	Vice-President	1.00	Officer Director	$0	$0	$0
Jack Pelles	Treasurer	1.00	Officer Director	$0	$0	$0
Nora Sullivan	Secretary	1.00	Officer Director	$0	$0	$0
Patrice Fowler-Searcy	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	$1,138,714	$1,766,948	$13,985,734	$-628,234
2022	$777,821	$1,550,285	$16,050,227	$-772,464
2021	$1,222,261	$2,652,849	$16,852,270	$-1,430,588
2020	$3,452,688	$1,543,536	$20,011,346	$1,909,152
2019	$2,533,506	$2,159,357	$22,633,456	$374,149
2019	$2,619,247	$2,125,953	$22,331,694	$493,294
2018	$1,374,880	$2,473,518	$13,655,932	$-1,098,638

East Liberty Development Inc