MARION REGIONAL DEVELOPMENT CORPORATION (EIN 310891112) - 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

1954

Legal Domicile

Principal Officer

NICK L FANTASIA

Phone

3042820511

Tax Period

2023-07-01 to 2024-06-30

MARION REGIONAL DEVELOPMENT CORPORATION, founded in 1954, is a micro nonprofit that reported $84K in total revenue in fiscal year 2023. Expenses of $134K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO STIMULATE COMMUNITY 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 (2023)

Revenue Breakdown

Contributions & Grants $84,280

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $84,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,075

Fundraising Expenses $0

Program Expenses $134,153

Other Expenses $113,078

TOTAL EXPENSES $134,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,280	$83,257	+0.0%
Expenses	$134,153	$105,247	+0.3%
Net Income	$-49,873	$-21,990	+1.3%

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

$18,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK L FANTASIA	PRESIDENT	N/A	Officer	$0	$0	$0
JAY ROGERS	VICE PRESIDE	N/A	Officer	$0	$0	$0
GERRY SCHMIDT	SECRETARY	N/A	Officer	$0	$0	$0
JONATHON BOARD	TREASURER	N/A	Officer	$0	$0	$0
BRUCE MCDANIEL	EXECUTIVE DI	10.00	Officer	$18,000	$0	$18,000
TRAVIS BLOSSER	DIRECTOR	N/A	Director	$0	$0	$0
KIM LICARDI	DIRECTOR	N/A	Director	$0	$0	$0
TONY MERENDINO	DIRECTOR	N/A	Director	$0	$0	$0
MIKE DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
LINDA LONGSTRETH	DIRECTOR	N/A	Director	$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
2025	No data	No data	No data	No data
2024	$84,280	$134,153	$1,505,621	$-49,873
2023	$83,257	$107,535	$1,455,247	$-24,278
2022	$67,009	$45,349	$417,849	$21,660
2021	$-6,202	$42,222	$405,259	$-48,424
2020	$-304,999	$49,501	$614,209	$-354,500
2019	$61	$84,395	$685,591	$-84,334
2018	$-220,670	$65,623	$448,778	$-286,293

MARION REGIONAL DEVELOPMENT CORPORATION