MCDONALD AREA REDEVELOPMENT ASSOCIATION (EIN 251810788) - 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

2001

Legal Domicile

Principal Officer

TOM WAUTHIER

Phone

7249865267

Tax Period

2024-01-01 to 2024-12-31

MCDONALD AREA REDEVELOPMENT ASSOCIATION, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $28K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 56% operating deficit.

Mission

STIMULATE DOWNTOWN ECONOMIC DEVELOPMENT

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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 $4,256

Program Service Revenue $6,000

Investment Income $0

Other Revenue $17,654

TOTAL REVENUE $27,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,632

Other Expenses $43,599

TOTAL EXPENSES $43,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,910	$44,980	-0.4%
Expenses	$43,599	$31,840	+0.4%
Net Income	$-15,689	$13,140	-2.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM WAUTHIER	TREASURER	1	Officer	$0	$0	$0
GAIL DANIELS	RECORDING SECRETARY	1	Officer	$0	$0	$0
ALICE THOMASSY	EXECUTIVE SECRETARY	1	Officer	$0	$0	$0
DALE CSONKA	PRESIDENT	1	Officer	$0	$0	$0
MICHAEL SCHALL	VICE PRESIDENT	1	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	$27,910	$43,599	$77,558	$-15,689
2023	$44,980	$31,840	$93,665	$13,140
2022	$23,969	$28,476	$99,550	$-4,507
2021	$18,647	$24,280	$104,338	$-5,633
2020	$19,340	$23,131	$109,971	$-3,791
2019	$14,723	$22,067	$113,762	$-7,344
2018	$32,437	$35,288	$121,106	$-2,851

MCDONALD AREA REDEVELOPMENT ASSOCIATION