MOUNT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE (EIN 263508977) - 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

1964

Legal Domicile

Principal Officer

RYAN L MASTERSON

Phone

6182625446

Tax Period

2023-01-01 to 2023-12-31

MOUNT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE, founded in 1964, is a small nonprofit in the Community Improvement sector that reported $130K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $122K left a modest 6% surplus.

Mission

TO CREATE A VISION FOR ECONOMIC DEVELOPMENT EFFORTS. TO CREATE A VISION TO THE COMMUNITY.

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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 $125,738

Program Service Revenue $0

Investment Income $4,042

Other Revenue $0

TOTAL REVENUE $129,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,629

Fundraising Expenses $0

Program Expenses $121,899

Other Expenses $79,270

TOTAL EXPENSES $121,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,780	$138,475	-0.1%
Expenses	$121,899	$108,697	+0.1%
Net Income	$7,881	$29,778	-0.7%

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

$39,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA WALLACE	CHAIRMAN	1.00	Officer	$0	$0	$0
RYAN L MASTERSON	TREASURER	1.00	Officer	$0	$0	$0
KARISSA TURNER	SECRETARY	1.00	Officer	$0	$0	$0
DAVID JAMES	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
DONALD W PRICE	PAST-CHAIRMAN	1.00	Officer	$0	$0	$0
KENNETH C NEWMAN	PRESIDENT	15.00	Officer	$39,600	$0	$39,600

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$129,780	$121,899	$481,591	$7,881
2022	$138,475	$108,697	$471,710	$29,778
2021	$157,144	$85,681	$441,932	$71,463
2020	$96,255	$86,062	$393,569	$10,193
2019	$138,321	$92,850	$359,938	$45,471
2018	$181,786	$138,793	$314,005	$42,993

MOUNT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE