Medina Creative Living III Inc (EIN 262608197) - 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

2011

Legal Domicile

Phone

3305914434

Tax Period

2024-01-01 to 2024-12-31

Medina Creative Living III Inc, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $112K in total revenue in fiscal year 2024. Expenses of $147K exceeded revenue, resulting in a 32% operating deficit.

Mission

ACQUIRE, DEVELOP AND MANAGE PERMANENT, AFFORDABLE HOUSING FOR PERSONS WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES.

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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 $68,983

Program Service Revenue $42,408

Investment Income $129

Other Revenue $0

TOTAL REVENUE $111,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,880

Fundraising Expenses $0

Program Expenses $111,126

Other Expenses $101,855

TOTAL EXPENSES $146,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,520	$116,976	0.0%
Expenses	$146,735	$134,844	+0.1%
Net Income	$-35,215	$-17,868	+1.0%

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

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
DAVID PALMER	PRESIDENT	0.50	Officer Director	$0	$0	$0
DIANA RILEY	SECRETARY	0.50	Officer Director	$0	$0	$0
BRIAN GEHLBACH	TRUSTEE	0.50	Officer Director	$0	$0	$0
DIANNE DEPASQUALE-HAGERTY	EXECUTIVE DIRECTOR	5.00	Key Emp	$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	$111,520	$146,735	$935,926	$-35,215
2023	$116,976	$134,844	$946,053	$-17,868
2022	$116,899	$129,264	$952,075	$-12,365
2021	$119,421	$126,589	$965,621	$-7,168
2020	$120,847	$117,645	$990,202	$3,202
2019	$114,144	$127,487	$969,120	$-13,343
2018	$121,330	$95,689	$974,755	$25,641

Medina Creative Living III Inc